{"success":true,"data":{"pressRelease":{"id":"163277","rtpr_id":"nBw2rRrKPa-20261007","ticker":"CNE","exchange":"LSE","all_tickers":["CNE"],"title":"REG-Sand Grove Capital Management LLP Form 8.3 Capricorn Energy plc","author":"Business Wire","published_at":"2026-10-07T14:00:00.543Z","article_body":"Form 8.3 Capricorn Energy plc\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser:   Sand Grove Capital Management LLP \n (b) Owner or controller of interests and short positions disclosed, if   Fund(s) for which Sand Grove Capital Management LLP serves as the Investment \n different from 1(a): Manager or Discretionary Sub-Advisor \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form   Capricorn Energy plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this     \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken:   06 October 2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making   N/A \n disclosures in respect of any other party to the offer? \n \n \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security:   799 / 122p ordinary \n     Interests   Short positions \n \n \n \n  \n     Number   %   Number   % \n (1) Relevant securities owned and/or controlled:                 \n (2) Cash-settled derivatives:   544,766   0.76%         \n (3) Stock-settled derivatives (including options) and agreements to                 \n purchase/sell: \n     544,766   0.76%         \n \n \n \nTOTAL: \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists:     \n Details, including nature of the rights concerned and relevant percentages:     \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security   Purchase/sale   Number of securities   Price per unit \n \n \n \n  \n               \n               \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security   Product description   Nature of dealing   Number of reference securities   Price per unit \n \n \n \n \ne.g. CFD \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 799 / 122p ordinary   CFD   Reducing a long position   210,291   5.6677 USD \n                   \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type   Expiry date   Option money paid/ received per unit \n \n \n \ne.g. American, European etc. \n                               \n\n\n(ii) Exercise\n Class of relevant security   Product description   Exercising/ exercised against   Number of securities   Exercise price per unit \n \n \n \ne.g. call option \n                   \n \n \n \n  \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security   Nature of dealing   Details   Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n               \n \n \n \n  \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached?   No \n\n Date of disclosure:   07 October 2026 \n Contact name:   Abel Romero \n Telephone number:   +44 20 3770 8625 \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\n*If the discloser is a natural person, a telephone number does not need to be\nincluded, provided contact information has been provided to the Panel’s\nMarket Surveillance Unit.\n\nThe Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54617679&newsitemid=20261007717968&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=eed4e61c68a80b8a6ea7d4fd2fd11d69)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261007717968/en/\n(https://www.businesswire.com/news/home/20261007717968/en/)\n\nSand Grove Capital Management LLP\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2rRrKPa-20261007","title":"REG-Sand Grove Capital Management LLP Form 8.3 Capricorn Energy plc","author":"Business Wire","ticker":"CNE","created":"2026-10-07T14:00:00.543Z","tickers":["CNE"],"exchange":"LSE","article_body":"Form 8.3 Capricorn Energy plc\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser:   Sand Grove Capital Management LLP \n (b) Owner or controller of interests and short positions disclosed, if   Fund(s) for which Sand Grove Capital Management LLP serves as the Investment \n different from 1(a): Manager or Discretionary Sub-Advisor \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form   Capricorn Energy plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this     \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken:   06 October 2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making   N/A \n disclosures in respect of any other party to the offer? \n \n \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security:   799 / 122p ordinary \n     Interests   Short positions \n \n \n \n  \n     Number   %   Number   % \n (1) Relevant securities owned and/or controlled:                 \n (2) Cash-settled derivatives:   544,766   0.76%         \n (3) Stock-settled derivatives (including options) and agreements to                 \n purchase/sell: \n     544,766   0.76%         \n \n \n \nTOTAL: \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists:     \n Details, including nature of the rights concerned and relevant percentages:     \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security   Purchase/sale   Number of securities   Price per unit \n \n \n \n  \n               \n               \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security   Product description   Nature of dealing   Number of reference securities   Price per unit \n \n \n \n \ne.g. CFD \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 799 / 122p ordinary   CFD   Reducing a long position   210,291   5.6677 USD \n                   \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type   Expiry date   Option money paid/ received per unit \n \n \n \ne.g. American, European etc. \n                               \n\n\n(ii) Exercise\n Class of relevant security   Product description   Exercising/ exercised against   Number of securities   Exercise price per unit \n \n \n \ne.g. call option \n                   \n \n \n \n  \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security   Nature of dealing   Details   Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n               \n \n \n \n  \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached?   No \n\n Date of disclosure:   07 October 2026 \n Contact name:   Abel Romero \n Telephone number:   +44 20 3770 8625 \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\n*If the discloser is a natural person, a telephone number does not need to be\nincluded, provided contact information has been provided to the Panel’s\nMarket Surveillance Unit.\n\nThe Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54617679&newsitemid=20261007717968&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=eed4e61c68a80b8a6ea7d4fd2fd11d69)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261007717968/en/\n(https://www.businesswire.com/news/home/20261007717968/en/)\n\nSand Grove Capital Management LLP\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-07T14:00:00.891510652Z","server_sent_at_ms":1791381600891},"received_at":"2026-10-07T14:00:00.941Z","source_url":"https://www.businesswire.com/news/home/20261007717968/en/"},"analysis":{"id":"151735","press_release_id":"163277","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"other","narrative":"Sand Grove Capital Management LLP filed a Rule 8.3 Takeover Code disclosure regarding Capricorn Energy plc, dated 6 October 2026.\n\nThe form shows the fund holding cash-settled derivative (CFD) interests of 544,766 shares, equal to 0.76% of the class, and reducing a long CFD position by 210,291 reference shares at 5.6677 USD per unit.\n\nThis is a routine regulatory position disclosure by a third-party investor, not a company announcement; it carries no direct operational or financial implication for Capricorn Energy.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine hedge fund position disclosure under UK Takeover Code Rule 8.3 — suppress as low-signal."},"keyFigures":{"customDimensions":{"disclosure_date":"2026-10-06","position_percent":"0.76%","cfd_price_per_unit":"5.6677 USD","cfd_shares_reduced":210291,"cash_settled_derivatives_position":544766}},"namedEntities":{"people":[{"name":"Abel Romero","role":"disclosure contact for Sand Grove Capital Management LLP"}],"products":[],"companies":[{"name":"Capricorn Energy plc","ticker":"CNE","relationship":"offeree/subject of disclosure"},{"name":"Sand Grove Capital Management LLP","relationship":"disclosing fund manager"}],"dollarAmounts":[{"amount":"5.6677 USD","context":"price per unit of CFD reducing a long position"}]},"materialImpact":{"score":1,"reasoning":"Routine Rule 8.3 Takeover Code position disclosure by third-party fund Sand Grove Capital Management showing a 0.76% cash-settled derivative position and a reduction of a CFD long. No company action, no new corporate information about Capricorn Energy itself."},"tickerRelevance":{"others":[],"primary":"CNE"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"regulatory-position-disclosure","issuerAuthored":false,"marketCapAdjustment":"micro-cap energy issuer"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Sand Grove Capital Management LLP filed a Rule 8.3 Takeover Code disclosure regarding Capricorn Energy plc, dated 6 October 2026.\n\nThe form shows the fund holding cash-settled derivative (CFD) interests of 544,766 shares, equal to 0.76% of the class, and reducing a long CFD position by 210,291 reference shares at 5.6677 USD per unit.\n\nThis is a routine regulatory position disclosure by a third-party investor, not a company announcement; it carries no direct operational or financial implication for Capricorn Energy.","key_figures":{"customDimensions":{"disclosure_date":"2026-10-06","position_percent":"0.76%","cfd_price_per_unit":"5.6677 USD","cfd_shares_reduced":210291,"cash_settled_derivatives_position":544766}},"named_entities":{"people":[{"name":"Abel Romero","role":"disclosure contact for Sand Grove Capital Management LLP"}],"products":[],"companies":[{"name":"Capricorn Energy plc","ticker":"CNE","relationship":"offeree/subject of disclosure"},{"name":"Sand Grove Capital Management LLP","relationship":"disclosing fund manager"}],"dollarAmounts":[{"amount":"5.6677 USD","context":"price per unit of CFD reducing a long position"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T14:00:08.315Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"regulatory-position-disclosure","issuerAuthored":false,"marketCapAdjustment":"micro-cap energy issuer"}},"durationMs":7333,"modelName":"glm-5.3-flashx"}}