KEYFACT Energy
Cairn plans to change its company name from Cairn Energy PLC to Capricorn Energy PLC, effective from 13 December 2021. The LSE stock ticker will remain as CNE.
This follows an agreement at the time of the Cairn India IPO that the name would ultimately be changed.
Given the recent legislative change in India and the Company's participation in the related tax refund process, Cairn are now putting in place the planned name change.
The new name reflects continuity and evolution: the majority of Cairn’s subsidiaries have been known as Capricorn for some time. It is an established and respected name across the Company's global operations.