{"id":480216,"date":"2023-01-09T06:31:48","date_gmt":"2023-01-09T06:31:48","guid":{"rendered":"https:\/\/omni48.com\/?p=480216"},"modified":"2023-01-19T06:05:44","modified_gmt":"2023-01-19T06:05:44","slug":"shareholders-representing-32-of-company-shares-send-letter-to-capricorn-energy-s-board","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/shareholders-representing-32-of-company-shares-send-letter-to-capricorn-energy-s-board","title":{"rendered":"Shareholders Representing 32% of Company Shares Send Letter to Capricorn Energy&#8217;s Board"},"content":{"rendered":"<p>Palliser Capital (&#8220;Palliser&#8221;), together with key shareholders Madison Avenue Partners, Kite Lake Capital, Newtyn Management, Irenic Capital, and VR Capital, whose combined interests in the Company represent over 32% of the issued share capital of Capricorn Energy PLC (LSE: CNE) (&#8220;Capricorn&#8221; or &#8220;the Company&#8221;), today published a letter sent to the Capricorn board of directors (&#8220;the Board&#8221;) in response to its decision to hold a general meeting of the Company&#8217;s shareholders on the proposed combination with NewMed Energy LP (&#8220;NewMed GM&#8221;) on or around the same date as the general meeting requisitioned by Palliser on 19 December 2022 (&#8220;Board Change GM&#8221;). Capricorn&#8217;s decision to coincide the timing of the two general meetings, the letter contends, effectively conflates two distinct matters: shareholder consideration of the NewMed transaction and shareholder consideration of proposed board changes. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230108005057\/en\/ The letter highlights the shareholders&#8217; concerns that the Board&#8217;s decision seems self-serving; it aims to protect<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palliser Capital (&#8220;Palliser&#8221;), together with key shareholders Madison Avenue Partners, Kite Lake Capital, Newtyn Management, Irenic Capital, and VR Capital, whose combined interests in the Company represent over 32% of<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1],"tags":[],"class_list":["post-480216","post","type-post","status-publish","format-standard","hentry","category-markets","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/480216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=480216"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/480216\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=480216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=480216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=480216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}