On January 9, 2023, Capricorn Energy Plc announced that it has sent a letter to Palliser Capital, stating that as a result of that review of multiple options, the Company recommending the proposed NewMed combination, which it believe will deliver maximum value to shareholders. In addition, the Company stated that it is ready to add Palliser Capital nominees to the board promptly and well before the general meetings there is no need to wait until next month. Later, the Company stated that requisitioned general meeting by Palliser Capital will be held on February 1, 2023, which falls within the period prescribed by Article 59 of the CompanyÆs articles of association.