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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