VR Capital reiterates its intention to vote in opposition to the proposed enterprise mixture between Capricorn Vitality and NewMed Vitality and the adjustments to the composition of the corporate's board of administrators proposed by Palliser Capital.

VR Capital reiterates its intention to vote in opposition to the proposed enterprise mixture between Capricorn Vitality and NewMed Vitality and the adjustments to the composition of the corporate’s board of administrators proposed by Palliser Capital.

</p> <p> VR Capital reiterates its intention to vote in opposition to the proposed enterprise mixture between Capricorn Vitality and NewMed Vitality and the adjustments to the composition of the corporate’s board of administrators proposed by Palliser Capital.<br />

LONDON

January 16, 2023

/PRNewswire/ — VR World Companions, LP (”

VRGP

“), which holds 6,544,661 unusual shares in Capricorn Vitality PLC (LSE: CNE) (”

Capricorn vitality

” or ”

Firm

“), representing an possession curiosity of roughly 2.0%, introduced in the present day that it intends to vote AGAINST the proposed enterprise mixture between Capricorn Vitality and NewMed Vitality LP.

VRGP has thought-about the Firm’s arguments in favor of the merger to be utterly unconvincing and believes that continuing with the transaction would harm shareholder worth. VRGP finds the present authorities’s intransigence within the face of the opposition of so a lot of its main shareholders to be complicated and worrying.

VRGP intends to vote on the adjustments proposed by Palliser Capital to the composition of the corporate’s board of administrators. VRGP believes that changing the present incumbent board with a reconstituted, non-partisan board will present a possibility to overview the proposed phrases of sale with a way of urgency and to maximise shareholder worth.

About VR Capital

VRGP is a fund managed by VR Capital. VR Capital is an alternate asset supervisor centered on distressed securities and event-driven/particular conditions, with a powerful historic publicity to rising markets. VR Capital has workplaces

New York

and

London

and its funding advisory subsidiaries are regulated by the US Securities and Change Fee and the UK Monetary Conduct Authority.

For extra data, please contact:

Steve Bruce

/

Taylor Ingraham

ASC Advisors

(203) 992-1230

sbruce@ascadvisors.com / tingraham@ascadvisors.com

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SOURCE VR Capital Group

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