By Iain Gilbert
Date: Tuesday 20 Dec 2022
LONDON (ShareCast) - (Sharecast News) - Asset manager Legal & General has called for Capricorn Energy's board to be given the boot, joining a growing revolt among key shareholders in the exploration and production firm.
Legal & General, which holds an almost 4% stake in the FTSE 250-listed company, said it believes that "a change of directors" at Capricorn was now "warranted", according to the Times.
The news comes just 24 hours after Palliser Capital, Capricorn's third-biggest shareholder, called for an extraordinary general meeting in order to lobby for the ousting of seven of the company's nine directors, including long-standing chief executive Simon Thomson.
Shareholders recently turned on Capricorn after it sought out a highly unpopular merger with Tullow Oil, which it later abandoned in September in favour of a merger with Israeli natural gas group NewMed Energy.
As of 1310 GMT, Capricorn Energy shares were down 0.64% at 247.20p.
Reporting by Iain Gilbert at Sharecast.com
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Currency | UK Pounds |
Share Price | 226.50p |
Change Today | -0.50p |
% Change | -0.22 % |
52 Week High | 331.50p |
52 Week Low | 183.60p |
Volume | 43,582 |
Shares Issued | 70.56m |
Market Cap | £159.81m |
Beta | 0.03 |
RiskGrade | 219 |
Value |
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Latest | Previous | |
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Special | Special | |
Ex-Div | 24-May-24 | 06-Oct-23 |
Paid | 07-Jun-24 | 20-Oct-23 |
Amount | 43.00p | 56.00p |
Time | Volume / Share Price |
16:35 | 1,292 @ 226.50p |
16:35 | 475 @ 226.50p |
16:35 | 1 @ 226.50p |
16:35 | 24 @ 226.50p |
16:35 | 25 @ 226.50p |
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