– UK, Edinburgh – Capricorn Energy PLC (LON: CNE), today announced the nomination of Sachin Mistry for his election to its Board as a Non-Executive Director at the AGM on 23 May 2024, following a Relationship Agreement with Palliser Capital.
“I look forward to working closely with Sachin who will be an important source of shareholder perspectives and views on strategic priorities,” said Board Chairman, Craig van der Laan.
About Sachin Mistry
Sachin Mistry is a Portfolio Manager at Palliser Capital, a multi-strategy hedge fund and one of the largest investors in Capricorn with a shareholding of 10.6%. He will add to the Board’s oversight of the company as it advances its long-term strategic priorities to drive the most value for shareholders. He brings to the Board more than 20 years of investment, advisory, and financial strategy experience. Before joining Palliser Capital, he served as Portfolio Manager at LIM Advisors, and before that, he was an Executive Director at Elliott Advisors for more than eight years. He is not a director of any other listed companies.
Sachin Mistry said: “It is a privilege to be joining the Board at this time, and I look forward to working with the Board members and management team to execute on the next phase of their plans to maximise shareholder value.”
Corporate Governance Information
Under the provisions of the UK Corporate Governance Code, Sachin Mistry will not be considered to be an independent Non-Executive Director.
Capricorn, Palliser, and Sachin Mistry have entered into a Relationship Agreement that covers share dealings and other corporate governance matters.
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.
SOURCE: https://www.capricornenergy.com/
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