Business
Investor Presentation and Shareholder Letter
Investor Presentation and Shareholder Letter.
About this update from Capricorn Energy Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n \n \n \n \n THIS IS AN ANNOUNCEMENT AND NOT AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES NOR A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A CIRCULAR AND PROSPECTUS IN RELATION TO THE TRANSACTION DESCRIBED IN THIS ANNOUNCEMENT WILL EACH BE PUBLISHED IN DUE COURSE.\n \n \n \n \n FOR IMMEDIATE RELEASE 19\n \n \n December 2022\n \n \n \n \n \n \n \n \n \n CAPRICORN ENERGY PLC (\"Capricorn\" or \"the Company\")\n \n \n \n \n \n \n \n \n \n Capricorn Energy Issues Investor Presentation and Shareholder Letter Regarding Combination with NewMed Energy\n \n \n \n \n Combination Delivers Upfront Value in Cash for Capricorn Shareholders and Exposure to Strong Future Cash Flows and Substantial Cash Returns\n \n \n \n \n Capricorn Shareholders to Benefit from Largest Gas-Focused, UK-Listed Energy Company of Scale with Superior Growth and Energy Transition Profile\n \n \n \n \n Transaction a Result of Comprehensive Independent Process to Maximise Shareholder Value\n \n \n \n Capricorn Energy PLC (LON: CNE), one of Europe's leading independent upstream energy companies, today filed an investor presentation and the Board of Directors sent an open letter to shareholders regarding Capricorn's proposed special dividend and combination (together, the \"Combination\") with NewMed Energy (\"NewMed\") (TLV: NWMD), a leading Israeli energy limited partnership. The Combination returns substantial capital to shareholders while creating a MENA gas and energy champion and one of the largest upstream energy independents listed in London (the \"Combined Group\"). The investor presentation is available on\n \n \n www.capricornenergy.com\n \n \n .\n \n \n \n \n \n ***\n \n \n \n \n \n Capricorn has received a requisition notice (the \"Requisition Notice\") requiring that the Board of Directors (the \"Board\") convenes a general meeting of shareholders for the purposes of considering and, if thought fit, approving resolutions to: (i) remove Simon Thomson, James Smith, Nicol...