We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Solo Oil Plc | LSE:SOLO | 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% | 1.85 | 1.80 | 1.90 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2022 to Feb 2025
TIDMSCIR
RNS Number : 4900Z
Scirocco Energy PLC
14 September 2022
14 September 2022
Scirocco Energy plc
("Scirocco Energy" or "the Company")
Investment Update - Corallian Energy
Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, notes the announcement by Reabold Resources plc today regarding the conditional sale of its investee company, Corallian Energy Limited.
https://www.londonstockexchange.com/news-article/RBD/agreed-terms-of-conditional-sale-of-corallian/15627995
In line with its investment policy in 2018, Scirocco undertook a minor investment in Corallian through the subscription for 83,333 shares at a price of GBP1.50 per share. Scirocco notes the price of up to GBP3.20 per share will be paid to Corallian shareholders as a combination of initial cash plus contingent payments offering a profitable exit with up to GBP267k of proceeds net to Scirocco (based on estimated GBP3.20 per share).
Commenting on the update, CEO Tom Reynolds said:
"Following the disposal of Ruvuma interest announced on 13 June 2022 and approved by shareholders on 29th June 2022, this represents another example of Scirocco converting historical investments in oil & gas back into cash for reinvestment in support of Sirocco's Investment Policy approved by shareholders at AGM in July 2021. The proceeds of this legacy investment will strengthen the Company's financial position and provide more optionality to consider the compelling investment opportunities currently being screened by our Joint Venture EAG."
For further information:
Scirocco Energy plc Tom Reynolds, CEO +44 (0) 20 7466 Doug Rycroft, COO 5000 Strand Hanson Limited, Nominated Adviser +44 (0) 20 7409 Ritchie Balmer / James Spinney / Robert Collins 3494 WH Ireland Limited, Broker +44 (0) 0207 Harry Ansell / Katy Mitchell 220 1666 Buchanan, Financial PR +44 (0) 20 7466 Ben Romney / Jon Krinks 5000
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
MSCZZLFFLKLXBBF
(END) Dow Jones Newswires
September 14, 2022 10:33 ET (14:33 GMT)
1 Year Solo Oil Chart |
1 Month Solo Oil Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
