RE: The sp is now £2.05, and we have not had the $1 billion27 Jan 2022 08:58
CityWatcher.
See the RNS it's not a special dividend. It's this and clarly the market likes it:-
" Capricorn has determined that, to provide flexibility to its shareholders, US$500m will be returned by way of tender offer, whereby shareholders will be invited to tender some or all of their shareholding for purchase on terms that will be set out in a Circular to be posted to shareholders. It is intended that the remaining sum of up to US$200m will be returned by way of an ongoing share repurchase programme to provide a continuing value-accretive return of capital to shareholders. Each of these returns is subject to shareholder approval. ".
All IMHO.