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Last checked at 
19 Aug 2025 11:00
FOR IMMEDIATE RELEASE 19 August 2025
CAPRICORN ENERGY PLC ("Capricorn" or "the Company")
Waldorf update
Capricorn notes the judgment handed down on 19 August 2025 regarding Waldorf Production UK Plc's restructuring plan under Part 26A of the Companies Act. As previously disclosed, liabilities of $29.5m were owed to Capricorn related to a sale and purchase agreement entered into in 2021 and amended in 2023.
The High Court refused to sanction the restructuring plan following a contested hearing in June 2025. Capricorn continues to consider its position on this matter in conjunction with its legal advisers, Mayer Brown International LLP. Discussions with Waldorf are ongoing but full recovery of $29.5m remains unlikely due to Waldorf's financial position. The full judgment is available at: https://caselaw.nationalarchives.gov.uk/.
Enquiries to:
Analysts / Investors |
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Nathan Piper, Commercial Director | Tel: 0131 475 3000 |
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Media |
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Diana Milford, Corporate Affairs | Tel: 0131 475 3000 |
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Georgia Edmonds/ Violet Wilson / Fergus Young, Camarco | Tel: 0203 757 4980 |
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