Genel Energy's Transition in Regulatory Listing

Genel Energy plc has announced a proposed transfer of its ordinary shares from the equity shares (transition) category to the equity shares (commercial companies) category on the Official List maintained by the Financial Conduct Authority (FCA). This move is tied to the anticipated acquisition of Capricorn Energy plc by Genel Energy No.9 Limited, a subsidiary of Genel.

This transition, categorized as a "reverse takeover" under the UK's Listing Rules, requires compliance with additional regulations. No shareholder approval is needed for this transfer, but it is contingent on FCA's approval and completion of the acquisition. Following this change, the combined entity will form an "Enlarged Group".