VR Capital Reiterates Intention to Vote AGAINST Proposed Business Combination Between Capricorn Energy and NewMed Energy and IN FAVOUR of Palliser Capital's Proposed Changes to Composition of the Company Board
LONDON, Jan. 16, 2023 /PRNewswire/ -- VR Global Partners, L.P. , a holder of 6,544,661 common shares of Capricorn Energy PLC representing an ownership stake of approximately 2.0%, today disclosed... |…
VRGP believes the Company's arguments for the combination are completely unpersuasive. The Company is unable to convince VRGP and it would be detrimental to shareholder value to proceed with the transaction. VRGP will vote for Palliser Capital's proposed changes in the Company's board composition. VR Capital manages VRGP. VR Capital is an alternative asset manager that focuses on distressed securities and special situations. It has a strong history of orienting towards emerging markets. Steve Bruce / Taylor IngrahamASC Advisors (203) EMAIL/ EMAIL