REG - Capricorn Energy PLC - Waldorf update

Capricorn EnergyAnnouncement

19/08/2025 11:00

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RNS Number : 9169V  Capricorn Energy PLC  19 August 2025

FOR IMMEDIATE
RELEASE
                     19 August 2025

 

 

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

 

Waldorf update

 

 

Capricorn notes the judgment handed down on 19 August 2025 regarding Waldorf
Production UK Plc's restructuring plan under Part 26A of the Companies Act. As
previously disclosed, liabilities of $29.5m were owed to Capricorn related to
a sale and purchase agreement entered into in 2021 and amended in 2023.

 

The High Court refused to sanction the restructuring plan following a
contested hearing in June 2025. Capricorn continues to consider its position
on this matter in conjunction with its legal advisers, Mayer Brown
International LLP. Discussions with Waldorf are ongoing but full recovery of
$29.5m remains unlikely due to Waldorf's financial position. The full judgment
is available at: https://caselaw.nationalarchives.gov.uk/
(https://caselaw.nationalarchives.gov.uk/) .

 

Enquiries to:

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

 Media
 Diana Milford, Corporate Affairs                                            Tel: 0131 475 3000

 Georgia Edmonds/ Violet Wilson / Fergus Young, Camarco                      Tel: 0203 757 4980

 

 

 

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