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 […]
Tag: Capricorn Energy plc
Capricorn agrees $360m sale to Genel
Capricorn Energy plc directors have agreed to sell the company for US$360 million (£271m) cash to Genel Energy plc. SCALE The Scottish company had previously been awaiting a cash offer from Saudi Arabia-based Alamadiyaf al-Masiyyah for Trading LLC. Capricorn’s onshore Egypt assets will add to Genel’s production interests in the Kurdistan region of Iraq and […]
Capricorn grants more time for possible offer
Capricorn Energy plc has granted more time to Alamadiyaf al-Masiyyah for Trading LLC, a member of the Cafani Group, to make a cash offer for the company. FUNDING The fourth extension to the PUSU gives Alamadiyaf al-Masiyyah until 5pm on 29 July 2026 to announce whether or not it intends to make a firm offer. […]
Capricorn agrees third extension for possible offer
Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group. The revised PUSU deadline has now been extended […]
Deltic confirms Petrogas exit from possible offer
Deltic Energy plc said that Petrogas International E&P Coöperatief U.A. had confirmed it did not intend to make an offer for the UK North Sea-focused company. TALKS Deltic has been under a £7.2 million cash offer since 7 May from Neo Next+ Energy Upstream UK Ltd. Petrogas’ withdrawal follows Capricorn Energy plc’s announcement on 19 […]
Capricorn withdraws from Deltic possible offer
Capricirn Energy plc said it did not intend to make an offer for UK North Sea-focused Deltic Energy plc after that latter agreed a £7.2 million cash sale to Neo Next+. EGYPT The Egypt-focused company had last month approached Deltic on a possible buyout. Capricorn is itself under a possible offer from Alamadiyaf al-Masiyyah for […]