Palliser Calls General Meeting to Restore Shareholder Confidence in Capricorn; Nominates Six Director Candidates

Palliser Capital (or 'Palliser'), today announced that it has officially requisitioned Capricorn Energy PLC's board (LSE: CNE). ('Capricorn) to call a general meeting. This is due to a lack of trust in the current board's judgement and priorities and its inability to implement a value-accretive corporate strategy. Multimedia is featured in this press release. Palliser's director candidates are highly qualified and have all the experience and skills necessary to find candidates for any Capricorn senior executive positions. The director candidates will be expected to evaluate all strategic options for Capricorn and all aspects of its Value Optimisation plan, if appointed. According to Palliser, more than 40% shareholders of Capricorn have disapproved of the NewMed transaction. At least an equivalent level of support is expected for a comprehensive board reform. Palliser Capital, a multi-strategy global investment firm based in London, employs a value-oriented investment philosophy across many strategies and asset classes on a variety global markets. Palliser was founded in 2021 and invests for institutional investors such as pension funds, foundations, endowments, and foundations. Businesswire.com: URL