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.

 

 

Ends

 

 

 

Enquiries to:

 

Analysts / Investors

 

Nathan Piper, Commercial Director

Tel: 0131 475 3000


 

 

Media

 

Diana Milford, Corporate Affairs                     

Tel: 0131 475 3000

 

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings