Order issued by the SEBI

Capricorn Energy PLC

13 March 2024

 

FOR IMMEDIATE RELEASE                                                                                                               ​13 March 2024

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.

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Enquiries to:

Analysts / Investors
Nathan Piper, Commercial Director	Tel: [phone]
Media
Diana Milford, Corporate Affairs	Tel: [phone]
Billy Clegg/Owen Roberts, Camarco	Tel: [phone]

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

 

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