Capricorn Energy plc has been left with one potential buyer after rival bidder DNO decided against buying the Scottish firm.
Tag: Western Desert – Egypt
Capricorn’s potential rival buyers withdraw
Capricorn Energy plc’s two potential rival purchasers today said they did not intend to make an offer for the Edinburgh-based company. Samos Energy and Alamadiyaf al-Masiyyah for Trading Company Ltd had until 5pm on 11 August 2026 to announce their intentions, in accordance with the Takeover Code. Each company added that it reserved the right […]
Capricorn sets deadline for rival offers
Capricorn Energy plc has clarified the deadline for two of its potential purchasers to make an offer for the company. INTENTIONS The Scottish company reached an agreement on 2 July 2026 on an all cash $360 million offer from Genel Energy Ltd. Prior to Genel’s offer, the first interested party Alamadiyaf al-Masiyyah had had extended […]
Capricorn under second possible offer
Capricorn Energy plc has confirmed it has received a proposal on a possible offer, of 381 pence per share, from private investor Samos Energy Ltd. UNDERTAKINGS The offer price, published on 22 July, is similar to the 2 July agreement between Capricorn and Genel Energy plc of US$4.74 (£3.57) for each share, comprising US$3.75 cash […]
Capricorn to admit 5.3m block shares
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 […]
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 […]