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    CNE   GB00BN0SMB92

CAPRICORN ENERGY PLC

(CNE)
  Report
Delayed London Stock Exchange  -  11:35:28 2023-01-27 am EST
244.20 GBX   +0.41%
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UK's Capricorn Energy says chair, CEO step down from board

01/24/2023 | 02:50am EST
European Railway Summit in Saint-Denis, near Paris

(Reuters) - Capricorn Energy said on Tuesday that Nicoletta Giadrossi has stepped down from the board as chairperson with immediate effect, along with Chief Executive Officer Simon Thomson and three other directors.

The British oil and gas producer said James Smith will remain the chief financial officer, with the intention of stepping down from his role as board director.

    Capricorn had previously scheduled meetings on Feb. 1, where its shareholders would cast votes on the proposed merger with Israel's NewMed Energy, a few hours ahead of voting on replacing seven directors following a proposal by activist investor Palliser.

    The British oil and gas firm said on Tuesday that it would postpone the NewMed vote to Feb. 22, while the meeting called by Palliser, which is also Capricorn's third-largest shareholder, will go ahead next Wednesday.

Several of the company's shareholders and a couple of major proxy advisory firms have voiced their opposition or recommendations to oppose the Newmed deal in recent weeks. 

(Reporting by Muhammed Husain and Yadarisa Shabong in Bengaluru; Editing by Janane Venkatraman and Sherry Jacob-Phillips)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.57% 86.05 Delayed Quote.0.27%
CAPRICORN ENERGY PLC 0.41% 244.2 Delayed Quote.-7.10%
NEWMED ENERGY - LIMITED PARTNERSHIP -0.52% 7.329 End-of-day quote.-6.64%
WTI -2.02% 79.45 Delayed Quote.0.09%
All news about CAPRICORN ENERGY PLC
10:50aUK shareholder meetings calendar - next 7 days
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01/26UK shareholder meetings calendar - next 7 days
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01/24Capricorn merger with NewMed unlikely to proceed on resignations
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01/24Sterling Falls After Weak UK PMI Data -2-
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01/24Capricorn CEO Simon Thomson leaves board following Palliser pressure
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Analyst Recommendations on CAPRICORN ENERGY PLC
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Financials (USD)
Sales 2022 258 M - -
Net income 2022 -64,1 M - -
Net cash 2022 623 M - -
P/E ratio 2022 -12,9x
Yield 2022 17,4%
Capitalization 933 M 933 M -
EV / Sales 2022 1,20x
EV / Sales 2023 0,60x
Nbr of Employees 201
Free-Float 97,1%
Chart CAPRICORN ENERGY PLC
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Technical analysis trends CAPRICORN ENERGY PLC
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 3,02 $
Average target price 3,29 $
Spread / Average Target 8,78%
EPS Revisions
Managers and Directors
Simon John Thomson Chief Executive Officer & Executive Director
James Donald Smith Chief Financial Officer & Executive Director
Nicoletta Giadrossi-Morel Non-Executive Chairman
Keith Geddes Lough Independent Non-Executive Director
Peter S. Kallos Senior Independent Non-Executive Director
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