LONDON, January 16, 2023 /PRNewswire/ — VR International 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 at present 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 fully 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 lots 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 chance to assessment 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 targeted on distressed securities and event-driven/particular conditions, with a robust historic publicity to rising markets. VR Capital has places of work New York and London and its funding advisory subsidiaries are regulated by the US Securities and Trade Fee and the UK Monetary Conduct Authority.
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SOURCE VR Capital Group