LONDON, 16 January 2023
LONDON, January 16, 2023 /PRNewswire/ — VR International Companions, LP (“VRGP“), which holds 6,544,661 bizarre shares in Capricorn Power 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 Power and NewMed Power LP.
VRGP has thought of 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 modifications 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 evaluation 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 Alternate Fee and the UK Monetary Conduct Authority.
For extra data, please contact:
Steve Bruce / Taylor Ingraham
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SOURCE VR Capital Group