Capricorn Energy Updates Total Voting Rights After Issuing 845,313 New Shares

Capricorn Energy’s Share Capital and Voting Rights Update

Following the allotment of 845,313 ordinary shares on 23 July 2026, Capricorn Energy has formally updated its issued share capital to 71,403,652 ordinary shares. Each share has a nominal value of 799/122 pence and carries one voting right. The company confirms it holds no treasury shares, meaning all issued shares are held by external shareholders.

The updated total voting rights figure of 71,403,652 serves as the official denominator under the FCA’s Disclosure Guidance and Transparency Rules. This figure is crucial for shareholders and investors to accurately calculate notification thresholds and comply with regulatory disclosure requirements.

Compliance with FCA Disclosure Guidance and Transparency Rules (DTR 5.6.1A)

This announcement complies with DTR 5.6.1A, which requires companies listed on regulated markets to promptly disclose total voting rights and share capital denomination changes. Capricorn Energy’s timely disclosure, issued on 24 July 2026 following the 23 July share allotment, ensures transparency and equal access to material information for all market participants.

Such prompt reporting prevents information asymmetry, allowing investors and analysts to maintain accurate records of shareholdings and fulfill their regulatory obligations when holding notifiable interests.

Role of Total Voting Rights as Regulatory Denominator for Notification Thresholds

The disclosed total voting rights establish the denominator used to calculate when shareholders must notify the company and FCA upon crossing specific thresholds. These thresholds typically include 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50%, 75%, and 90% of voting rights.

For instance, holding 2,142,109 shares corresponds to approximately 3% of Capricorn Energy’s voting rights based on the updated total. Crossing higher thresholds requires notification within two trading days, making this denominator essential for compliance.

Capricorn Energy’s Operational Focus and Asset Portfolio

Capricorn Energy operates as a cash flow-focused energy producer with a strategic portfolio of onshore development and production assets in the Western Desert. The company’s business model emphasizes cash generation from mature assets rather than exploration, positioning it as an operational energy producer.

The Western Desert portfolio provides existing production and development opportunities, enabling Capricorn Energy to deliver shareholder returns through operational performance and financial stability rather than speculative growth.

Share Capital Structure and Treasury Shares Status

The company confirms it holds no ordinary shares in treasury, meaning all 71,403,652 issued shares are held externally and carry voting rights. This absence of treasury shares simplifies shareholder voting power calculations and indicates no ongoing share buyback or capital management programs involving treasury holdings.

Nominal Value and Voting Rights Framework

Each ordinary share has a nominal value of 799/122 pence and carries one voting right, establishing a straightforward one-share-one-vote structure. This equal voting rights framework ensures proportional voting power across all shareholders without preferential rights.

Investor Communication and Market Notification Procedures

Capricorn Energy has disseminated this announcement to analysts, investors, and media through designated contacts. Nathan Piper, Commercial Director, and Diana Milford, Corporate Affairs, are primary contacts for investor relations and company inquiries. The company also engaged Camarco for media relations, ensuring broad and transparent communication of this voting rights update.

Investor Notification Obligations Post-Announcement

Investors must now use the updated denominator of 71,403,652 voting rights for all future notification threshold calculations under FCA regulations. Notifications must be submitted within two trading days upon crossing thresholds such as 3%, 5%, 10%, and higher levels. Institutional investors and fund managers should update compliance systems accordingly to avoid regulatory breaches.

Strategic Cash Flow Generation in the Western Desert Region

Capricorn Energy’s focus on cash flow generation from onshore Western Desert assets aligns with a strategy prioritizing operational efficiency and shareholder returns. This approach leverages mature infrastructure and known geology to maintain stable production and financial performance amid cyclical energy markets.

Ongoing Regulatory Disclosure Responsibilities

This announcement fulfills Capricorn Energy’s immediate disclosure requirements under DTR 5.6.1A. The company will continue to disclose any future changes to share capital or voting rights promptly, ensuring ongoing regulatory compliance and market transparency.

Investors should monitor future announcements for updates to the voting rights denominator resulting from corporate actions such as share issuances, buybacks, or restructurings.