On January 5, 2023, Capricorn Energy Plc announced that it has filed an investor presentation with shareholders to give update on combination with NewMed Energy. In addition, the Company stated that, the presentation included the requisition notice delivered by Palliser Capital Master Fund Ltd, requesting the Company to convene a general meeting of shareholders for the purposes of considering and, if thought fit, approving resolutions to: (1) remove 7 incumbent directors from the board and (2) appoint 6 new proposed candidates to the board selected by Palliser.