Statement of intention not to make an offer

Alamadiyaf Al-Masiyyah T.C. (AMTC)

11 August 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

11 August 2026

Alamadiyaf al-Masiyyah For Trading Company Limited ("AMFT"), a member of the Cafani Group

No intention to make an offer for Capricorn Energy plc ("Capricorn" or the "Company")

Following the announcement on 11 March 2026 by Capricorn, AMFT confirms it does not intend to make an offer for Capricorn.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, AMFT and any person(s) acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers (the "Takeover Panel"), be bound by the restrictions set out in Rule 2.8 of the Code, including that it will not be able to make an offer for Capricorn, subject to the exceptions in Rule 2.8, for six months from the date of this announcement. Under Note 2 on Rule 2.8 of the Code, AMFT, and any person(s) acting in concert with it, reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

(a)      with the agreement of the board of directors of Capricorn in the event that the offer from Genel Energy No.9 is withdrawn or lapses;

(b)      following the announcement of a firm intention to make an offer for Capricorn by, or on behalf of, a third party;

(c)      following the announcement by Capricorn of a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or

(d)      if there has been a material change of circumstances (as determined by the Takeover Panel).

Important Notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions other than the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of Capricorn who are not resident in the United Kingdom will need to inform themselves about, and observe, any applicable requirements.

 

END