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IN BRIEF: Capricorn Energy receives USD1.06 billion tax refund

Thu, 24th Feb 2022 14:24

Capricorn Energy PLC - Edinburgh-based oil and gas company - Receives a tax refund in India of INR79 billion. The company receives net proceeds of USD1.06 billion from the refund.

Adds that a circular is expected in March in connection with the proposed shareholder return of up to USD700 million, comprising of a USD500 million tender offer and a USD200 million ongoing share repurchase programme.

Current stock price: 214.18, up 3.3% in London

12-month change: up 10%

By Heather Rydings; heatherrydings@alliancenews.com

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