Capricorn Energy PLC - Egypt-focused oil and gas explorer - Says it notes judgment handed down on Tuesday on the Waldorf Production UK PLC’s restructuring plan. Following a ‘contested hearing’ in June, the High Court has refused to sanction the restructuring plan. Capricorn reiterates that it is owed $29.5 million in liabilities by Waldorf, but says that a full recovery ‘remains unlikely due to Waldorf’s financial position’. The liabilities relate to a sale & purchase agreement from 2021, which was later amended in 2023. Capricorn says it continues to consider its position on the matter, in conjunction with its legal advisers.
Current stock price: 209.48 pence, down 2.1%
12-month change: down 8.1%
Copyright 2025 Alliance News Ltd. All Rights Reserved.
