On January 24, 2023, Capricorn Energy Plc announced that the requisitioned general meeting of shareholders will go ahead on February 1, 2023, and the NewMed general meeting to be adjourned from February 1, 2023, until February 22, 2023. In addition, the Company stated that to best enable the process of board reconstitution, Nicoletta Giadrossi step down as Chair following the proposed NewMed combination vote, and will step down from the board with immediate effect, Simon Thomson, Peter Kallos, Alison Wood and Luis Araujo will step down from the Board with immediate effect, Keith Lough and James Smith remains on the board to ensure ongoing oversight of reporting obligations and other corporate governance requirements with the intention of stepping down from the board in advance of the requisitioned general meeting.