deadline for clarification

Genel Energy

24/07/2026 11:00

RNS Number : 7973N
  
Takeover Panel
  
24 July 2026
  
 


2026/10
CAPRICORN ENERGY PLC ("CAPRICORN")
 
ALAMADIYAF AL-MASIYYAH FOR TRADING LLC ("ALAMADIYAF AL-MASIYYAH")
 
GENEL ENERGY NO.9 LIMITED ("GENEL")
 
SAMOS ENERGY LTD ("SAMOS")
On 11 March 2026, Capricorn announced that it had received multiple proposals from Alamadiyaf al-Masiyyah regarding a possible cash offer for the entire issued and to be issued ordinary share capital of Capricorn.
On 2 July 2026, the boards of Genel and Capricorn announced that they had reached agreement on the terms of a recommended all cash offer pursuant to which Genel would acquire the entire issued and to be issued ordinary share capital of Capricorn (the "Genel Acquisition").
On 21 July 2026, Capricorn published a scheme circular in relation to the Genel Acquisition, including a notice of the shareholder meetings to approve the Genel Acquisition which have been convened for 18 August 2026 (the "Shareholder Meetings").
On 22 July 2026, Capricorn announced that it had received a proposal from Samos regarding a possible cash offer for the entire issued and to be issued ordinary share capital of Capricorn.
Pursuant to Section 4 of Appendix 7 of the Takeover Code, the Executive has ruled that, unless the Executive consents otherwise, Alamadiyaf al-Masiyyah and Samos must by 5.00pm on 11 August 2026, being the seventh day prior to the date of the Shareholder Meetings, either announce a firm intention to make an offer for Capricorn in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Capricorn.
Each of Capricorn, Alamadiyaf al-Masiyyah, Genel and Samos has accepted this ruling.
24 July 2026                                




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
POTSEMSULEMSELW