Statement regarding possible offer for Capricorn
Capricorn Energy PLC has received a possible cash offer proposal from Samos Energy ltd at 381 pence per share, which is subject to due diligence and ongoing discussions. This announcement comes while Capricorn is already subject to an offer from Genel Energy plc, announced on July 2, 2026. Capricorn confirms it had 70,558,339 ordinary shares in issue as of July 21, 2026. Shareholders are advised to take no action.
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The Board of Capricorn notes the recent press speculation and confirms that it has received a proposal from Samos Energy ltd ("Samos") regarding a possible cash offer for the Company (the "Proposal"). The Proposal is at an offer price of 381 pence per share.
The Proposal is subject to due diligence and discussions with Samos are ongoing. There can be no certainty that an offer will be made for the Company, nor as to the terms of any such offer.
The Company also notes that Capricorn is currently subject to an offer from Genel Energy plc, as announced pursuant to Rule 2.7 of the Code on 2 July 2026.
Shareholders are advised to take no action. A further announcement will be made as and when appropriate.
Any offer for Capricorn is governed by the Code. In accordance with Paragraph 4(c) of Appendix 7 of the Code, the Panel Executive will announce the deadline by which Samos must clarify its intentions in relation to Capricorn.
For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Samos.
Rule 2.9 Disclosure
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.