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Capricorn Energy PLC is a Main Market-listed oil and gas exploration and production company with producing assets in Egypt. Headquartered in Edinburgh, the Company is focused on maximising value from its Egyptian portfolio through operational excellence and disciplined capital allocation.

Genel Energy plc is a Main Market-listed independent oil producer with production assets in the Kurdistan Region of Iraq and exploration licences in Oman and Somaliland. The Company focuses on building resilient, diversified cash flows through disciplined investment and strategic acquisitions.

On 2 July 2026, the boards of Genel Energy plc, Genel Energy No.9 Limited and Capricorn Energy PLC announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Capricorn. The acquisition is being implemented by means of a Scottish Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Publication of Scheme Document

The Perivan shareholder communications team was delighted to work with Ashurst, who acted as Legal Adviser to Capricorn Energy on the Scheme and associated documents, which were successfully published and posted to qualifying shareholders following the announcement of the recommended acquisition on 21 July 2026.

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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.