REG - Scirocco Energy PLC - Result of GM

Scirocco EnergyAnnouncement

07/05/2024 12:00

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RNS Number : 4324N  Scirocco Energy PLC  07 May 2024

7 May 2024

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Result of General Meeting

Scirocco Energy (AIM: SCIR), the AIM Rule 15 cash shell, announces that at
the general meeting held earlier today in order to approve the cancellation
from trading on AIM ("Cancellation"), the necessary Special Resolutions were
passed to effect such Cancellation.

The results of the Shareholder vote shown in the table below have been
confirmed by a poll of votes cast, carried out by the Company's independent
registrar present at the meeting.

                                        Total Votes
 Special Resolution  For          %     Against      %    Withheld   Total Cast
 1.                  328,127,991  94.6  17,408,811   5.0  1,289,846  346,826,648
 2.                  326,841,433  94.2  17,954,206   5.2  2,031,009  346,826,648

 

Consequently, the last day of dealings in the Company's Ordinary Shares on AIM
will be 16 May 2024 and the Cancellation will take effect at 7.00 a.m. on 17
May 2024.

MVL Next steps

As set out in the Circular published on 23 February 2024 (the "Circular"), the
process of returning cash to Shareholders is highly likely to be implemented
via a members' voluntary liquidation ("MVL"), which will involve a further
general meeting being called by the Company in c. 2 months' time to seek
approval from Shareholders to appoint liquidators. Existing and prospective
investors are encouraged to read the Circular for more information on the MVL
process.

As stated in the circular published by the Company on 17 April 2024, provision
for potential trading in the Company's Ordinary Shares post Cancellation will
be provided through a matched bargain platform from 20 May 2024 until the
point when the Company enters MVL, if approved. Details of that trading
platform will be the subject of a further announcement closer to the date of
Cancellation.

For further information:

 Scirocco Energy plc                                  +44 (0)20 7466 5000

 Tom Reynolds, CEO
 Strand Hanson Limited, Nominated Adviser and Broker  +44 (0) 20 7409 3494

 Ritchie Balmer / James Spinney / Robert Collins
 Buchanan, Financial PR                               +44 (0)20 7466 5000

 Ben Romney / Barry Archer / George Pope

 

 

Inside Information

The information contained within this announcement is deemed by Scirocco to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) no. 596/2014 ("MAR"). On the publication of this announcement via
a Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.

 

 

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