Capricorn Energy Plc announced changes to board leadership and the timing of general meetings for shareholder votes due to shareholder concerns in a press release on Jan. 24.
Board chair Nicoletta Giadrossi and board director Simon Thomson are stepping down from the board effective immediately following the proposed NewMed combination vote. Also stepping down are Peter Kallos, Alison Wood and Luis Araujo.
Furthermore, non-executive director Keith Lough and CFO James Smith intend to step down from the board in advance of the requisitioned general meeting on board composition. Both currently remain on the board to follow through on reporting obligations and other corporate governance requirements.
In addition to the change in leadership, the company also announced it is rescheduling shareholder voting on the proposed NewMed Combination and the Palliser requisitioned general meeting on board composition.
The NewMed general meeting will be adjourned from Feb. 1 until Feb. 22, leaving the Palliser requisitioned general meeting to go ahead on Feb. 1, allowing Capricorn’s reconstituted board to assess the NewMed combination.
The requisitioned general meeting nominee directors are waiting to be appointed to the board until the requisitioned general meeting on Feb. 1. Continuing directors, including non-executive director Cathy Krajicek and non-executive director Erik B. Daugbjerg, will help transition the nominee directors.
Headquartered in Edinburgh, U.K., Capricorn is an independent upstream energy company with operations in Europe.
Range Declares Quarterly Dividend
2023-06-05 - Range Resources’ board of directors declared an $0.08 per share quarterly cash dividend on common stock for the second quarter.
Passage of Debt Bill Clears Way for MVP, Swifter Permitting for Infrastructure
2023-06-02 - The MVP natural gas pipeline and a swifter permitting process win as debt ceiling legislation weathers resistance from senators.
Gen. Clark: Oil, Gas Industry Key to US Winning ‘Next Battle’
2023-06-02 - “Oil and gas production is U.S. national security–it’s that simple,” retired four-star Gen. Wesley Clark said during Hart Energy’s SUPER DUG conference.
Kinder Morgan to Add Storage Capacity on Texas System
2023-06-01 - Kinder Morgan’s expansion, for which it is soliciting interested shippers, will increase working storage capacity by more than 6 Bcf, the company said.
Unit Board Declares Quarterly Dividend
2023-06-01 - The $2.50 per share dividend will be payable on June 26.