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Waldorf update

19th Aug 2025 11:00

RNS Number : 9169V
Capricorn Energy PLC
19 August 2025
 

FOR IMMEDIATE RELEASE 19 August 2025

 

 

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

 

Waldorf update

 

 

Capricorn notes the judgment handed down on 19 August 2025 regarding Waldorf Production UK Plc's restructuring plan under Part 26A of the Companies Act. As previously disclosed, liabilities of $29.5m were owed to Capricorn related to a sale and purchase agreement entered into in 2021 and amended in 2023.

 

The High Court refused to sanction the restructuring plan following a contested hearing in June 2025. Capricorn continues to consider its position on this matter in conjunction with its legal advisers, Mayer Brown International LLP. Discussions with Waldorf are ongoing but full recovery of $29.5m remains unlikely due to Waldorf's financial position. The full judgment is available at: https://caselaw.nationalarchives.gov.uk/.

 

Enquiries to:

 

Analysts / Investors

 

Nathan Piper, Commercial Director

Tel: 0131 475 3000

 

 

Media

 

Diana Milford, Corporate Affairs

Tel: 0131 475 3000

 

 

Georgia Edmonds/ Violet Wilson / Fergus Young, Camarco

Tel: 0203 757 4980

 

 

 

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