13 Mar 2024 16:05
Capricorn Energy PLC ("Capricorn" or the "Company")
Order issued by the Securities and Exchange Board of India
Capricorn Energy PLC today announces that the Securities and Exchange Board of India (SEBI) has issued an order dated March 12, 2024 related to the non-payment of a dividend to Capricorn UK Holdings Limited by Vedanta Limited (Vedanta). Vedanta has been ordered to pay approximately $9.5m within 45 days of the date of the order. Vedanta is entitled to challenge the order prior to expiry of the 45-day period.
A copy of the order is available on the SEBI website here: www.sebi.gov.in/enforcement/orders/mar-2024/final-order-in-the-matter-of-non-payment-of-dividend-to-cairn-uk-holdings-limited_82168.html.
Ends
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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Billy Clegg/Owen Roberts, Camarco | Tel: 0203 757 4980 |
About Capricorn Energy PLC
Capricorn is an Egypt-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Western Desert with a producing position in the UK North Sea.
For further information on Capricorn please see: www.capricornenergy.com
Capricorn Energy PLC (CNE)