Capricorn Energy PLC Waldorf Update

RNS Number : 2078W

Capricorn Energy PLC

06 February 2025

 

FOR IMMEDIATE RELEASE                                                                                                6 February 2025

 

 

 

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

 

 

Waldorf Update

 

 

Capricorn notes Waldorf UK PLC ("Waldorf")'s announcement today that it intends to use a restructuring plan under the Companies Act.

 

Under Waldorf's plan, certain amendments will be made to the terms of its bonds; and the compromise of certain liabilities owed to Capricorn in exchange for consideration consisting of: (a) a cash payment of 5% of the outstanding liability; and (b) certain "upside-sharing payments" after Waldorf's secured creditors have been paid.

 

Capricorn has engaged Norwegian and English counsel and is considering all options available to it.

 

 

Ends

 

 

 

 

Enquiries to:

Analysts / Investors
Nathan Piper, Commercial Director	Tel: [phone]
Media
Diana Milford, Corporate Affairs	Tel: [phone]
Billy Clegg/ Georgia Edmonds, Camarco	Tel: [phone]

 

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