Capricorn Energy plc has applied for a block admission of 5,316,739 ordinary shares of 799/122 pence each to the London Stock Exchange.
TVRs
The shares will meet the demand for share option exercises and vesting of awards under the company’s employee share plans.
Of the total, 845,313 ordinary shares are expected to be allotted to the trustee of the Capricorn’s employee benefit trust.
These will satisfy the vesting of awards under the company’s 2017 long-term incentive plan, due to vest on 28 July 2026.
Following the allotment, Capricorn’s issued ordinary share capital and total voting rights will comprise 71,403,652 ordinary shares.
The company does not hold any ordinary shares in treasury.
On 2 July 2026, Capricorn agreed a US$360 million (£271m) cash sale of the company to Genel Energy plc.
The offer followed several months’ wait for a cash offer from Saudi Arabia-based Alamadiyaf al-Masiyyah for Trading LLC which, on 1 July 2026, had its PUSU deadline extended for the fourth time.
Capricorn holds onshore joint venture oil interests in the Western Desert, Egypt.