Capricorn Energy PLC 21 May 2026
AGM ResolutionsCapricorn Energy PLC 21 May 2026
Capricorn Energy PLC
AGM ResolutionsNo. | Resolution |
1 | To receive the report and accounts for the year ended 31 December 2025. |
2 | To approve the directors' remuneration report contained in the report and accounts. |
3 | To approve the directors' remuneration policy contained in the report and accounts. |
4 | To re-appoint PricewaterhouseCoopers LLP as auditor. |
5 | To authorise the directors to determine the auditor's remuneration. |
6 - 11 | To re-elect the current directors. |
12 | To authorise the Company to allot relevant securities. |
13 - 14 | To disapply pre-emption rights on allotments of equity securities or sale of treasury shares.* |
15 | To authorise the Company to make market purchases of the ordinary share capital of the Company.* |
16 | To authorise the Company to call a general meeting other than an Annual General Meeting on not less than 14 clear days' notice.* |
*Special Resolutions (all other resolutions are Ordinary Resolutions)
AGM May 2026 4
Annual General MeetingCapricorn Energy PLC 21 May 2026
Capricorn Energy PLC
Key achievements in 2025/6Operational performance
Consistent production performance underpinned by effective reservoir management and drilling
Financial improvement
Strategic progress
Significant reduction in receivables and debt, enhancing liquidity and enabling self-funded capital expenditure
Merged concession agreement reduces execution risk and
supports future investment
Cost discipline
Maintained strict control of corporate costs since 2023 restructure
AGM May 2026 6
A transformational milestone for long-term valueWestern Desert merged concession agreement
AGM May 2026
Capricorn Energy PLC
A transformational milestone for long-term valueStrategic consolidation
Modernising and consolidating eight concessions simplifies operations and enhances fiscal and commercial terms for the Company
Enhanced economic benefits
Growth opportunities
Improves cost recovery, profit share and gas pricing, boosting free cash flow and field/ licence longevity
Access to adjacent development and exploration areas enables organic growth and reserves expansion
Value creation
Rapid execution post-ratification, driving sustainable shareholder returns and growth
AGM May 2026 8
Capricorn Energy PLC
Our strategic focusStrong operational performance
Priorities focused on scaling activity under the merged concession and pursuing value-accretive growth opportunities
Financial resilience and shareholder returnsDebt-free - improved liquidity and disciplined capital allocation ensure financial resilience and consistent shareholder returns
Growth opportunitiesOngoing engagement and business development in Egypt, the UK North Sea and MENA regions support our growth ambitions
Delivering a clear pathway for scalable growth
Annual General MeetingCapricorn Energy PLC 21 May 2026
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