Capricorn Energy’s AGM: Shareholder Votes to Shape Company’s Future Path

Capricorn Energy PLC is set to hold its Annual General Meeting (AGM) on Thursday, May 22, 2025, at the Hawthornden Lecture Theatre, National Gallery, Edinburgh. The AGM follows the release of the company’s annual report and accounts for the financial year ended December 31, 2024, and will serve as a platform for shareholders to vote on a series of important resolutions shaping the company’s strategic direction.

 

Key Highlights:

 

Comprehensive Agenda: The AGM will see shareholders consider and vote on 16 resolutions, including approval of the company’s accounts, directors’ remuneration report, reappointment of PricewaterhouseCoopers LLP as auditor, and re-election of all current directors. Several resolutions pertain to the company’s share capital, including the authority to allot shares, make market purchases of its own shares, and call general meetings on 14 days’ notice.

 

Long-Term Incentive Plan Updates: Shareholders will vote on amendments to the Capricorn Energy PLC Long Term Incentive Plan (2017), streamlining how dilution limits are managed following share capital consolidations, ensuring administrative efficiency and alignment with recent capital returns.

 

Strategic Focus: Capricorn Energy remains committed to operational efficiency, cash flow generation, and disciplined financial management. The company continues to focus on its portfolio of onshore development and production assets in Egypt’s Western Desert, positioning itself as a cash flow-focused energy producer.

 

Transparency and Compliance: The AGM and related documents have been posted to shareholders and made available for public inspection via the Financial Conduct Authority’s National Storage Mechanism and the company’s website, in accordance with UK regulatory standards.

 

Board Recommendation: The Board unanimously recommends that shareholders vote in favor of all proposed resolutions, citing their alignment with shareholder interests and the company’s long-term growth strategy.

 

The outcome of the AGM will be announced following the meeting, with results and presentations accessible on Capricorn Energy’s investor relations website.

 

Sources: Capricorn Energy PLC AGM Notice, Investegate, Euroland, Investing.com