REG - Capricorn Energy PLC - Order issued by the SEBI

Capricorn EnergyAnnouncement

13/03/2024 16:15

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RNS Number : 7515G  Capricorn Energy PLC  13 March 2024

FOR IMMEDIATE RELEASE                                                                                                               ​13 March 2024

 

 

 

Capricorn Energy PLC ("Capricorn" or the "Company")

 

Order issued by the Securities and Exchange Board of India

 

Capricorn Energy PLC today announces that the Securities and Exchange Board of
India (SEBI) has issued an order dated March 12, 2024 related to the
non-payment of a dividend to Capricorn UK Holdings Limited by Vedanta Limited
(Vedanta). Vedanta has been ordered to pay approximately $9.5m within 45 days
of the date of the order. Vedanta is entitled to challenge the order prior to
expiry of the 45-day period.

 

A copy of the order is available on the SEBI website here:
www.sebi.gov.in/enforcement/orders/mar-2024/final-order-in-the-matter-of-non-payment-of-dividend-to-cairn-uk-holdings-limited_82168.html
(https://www.sebi.gov.in/enforcement/orders/mar-2024/final-order-in-the-matter-of-non-payment-of-dividend-to-cairn-uk-holdings-limited_82168.html)
.

 

 

Ends

 

 

 

Enquiries to:

 Analysts / Investors
 Nathan Piper, Commercial Director                                           Tel: 0131 475 3000

 Media
 Diana Milford, Corporate Affairs                                            Tel: 0131 475 3000

 Billy Clegg/Owen Roberts, Camarco                                           Tel: 0203 757 4980

 

 

About Capricorn Energy PLC

 

Capricorn is an Egypt-focused energy producer, with an attractive portfolio of
onshore exploration, development and production assets in the Western Desert
with a producing position in the UK North Sea.

 

For further information on Capricorn please see: www.capricornenergy.com
(http://www.capricornenergy.com)

 

 

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