REG - Capricorn Energy PLC - Waldorf Update

Capricorn EnergyAnnouncement

06/02/2025 11:00

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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: 0131 475 3000

 Media
 Diana Milford, Corporate Affairs       Tel: 0131 475 3000

 Billy Clegg/ Georgia Edmonds, Camarco  Tel: 0203 757 4980

 

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