Capricorn to recommend Palliser Capital Executive for election as Non-Executive Director
London, 13 March 2024, (Oilandgaspress): –Capricorn Energy PLC today announces that, following consultation by the Board with a broad range of shareholders, it has entered into a Relationship Agreement with Palliser Capital and Mr Sachin Mistry, pursuant to which Mr Mistry will stand for election as a Non-Executive Director at the Annual General Meeting to be held on 23 May 2024. Subject to shareholder approval, Mr Mistry will join the Board with effect from the close of the Annual General Meeting.
Mr 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. Prior to 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.
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