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SCIR Scirocco Energy Plc

0.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scirocco Energy Plc LSE:SCIR London Ordinary Share GB00BF1BK408 ORD 0.20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.20 0.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Scirocco Energy PLC Result of GM

07/05/2024 12:00pm

RNS Regulatory News


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

Tom Reynolds, CEO

+44 (0)20 7466 5000

Strand Hanson Limited, Nominated Adviser and Broker

Ritchie Balmer / James Spinney / Robert Collins

+44 (0) 20 7409 3494

Buchanan, Financial PR

Ben Romney / Barry Archer / George Pope

+44 (0)20 7466 5000

 

 

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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