Genel Energy PLC Announces Publication of Scheme Document for Capricorn Acquisition

On July 21, 2026, Genel Energy PLC announced the publication and distribution of its Scheme Document concerning the acquisition of Capricorn Energy plc by Genel Energy No.9 Limited. This acquisition will be executed through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Under the terms, Capricorn shareholders will receive $4.74 per share, comprising $3.75 in cash and a special dividend of $0.99. The Scheme Document, detailing terms, conditions, and procedural information, has been distributed to Capricorn shareholders and is accessible on Capricorn's and Bidco's websites.

The Court and General Meetings are scheduled on August 18, 2026, in London. For the scheme to become effective, approval from a majority of shareholders and sanction by the Court is necessary. Shareholders are strongly encouraged to vote, either in person or by proxy.