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Last checked at 
6 Feb 2025 10:58
CAPRICORN ENERGY PLC ("Capricorn" or "the Company")
Waldorf Update
Capricorn notes Waldorf UK PLC ("Waldorf")'s announcement today that it intends to use a restructuring plan under the Companies Act.
Under Waldorf's plan, certain amendments will be made to the terms of its bonds; and the compromise of certain liabilities owed to Capricorn in exchange for consideration consisting of: (a) a cash payment of 5% of the outstanding liability; and (b) certain "upside-sharing payments" after Waldorf's secured creditors have been paid.
Capricorn has engaged Norwegian and English counsel and is considering all options available to it.
Ends
Enquiries to:
Analysts / Investors |
|
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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Billy Clegg/ Georgia Edmonds, Camarco
| Tel: 0203 757 4980 |
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