Result of General Meeting

RNS Number : 8287C

Scirocco Energy PLC

13 October 2022

 

13 October 2022

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Result of General Meeting

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, provides the results of the requisitioned General Meeting ("GM") which was held today at 9am. 

All the Resolutions proposed by the Requisitioning Shareholders at the GM were voted down by the requisite majority, as summarised below:

Total Votes
Resolution
	For	%	Against	%	Withheld	Total cast
1	138,024,174	38.66%	218,950,981	61.34%	253,348	356,975,155
2	137,978,070	38.66%	218,954,585	61.34%	295,848	356,932,655
3	138,195,841	38.69%	218,954,314	61.31%	78,348	357,150,155
4	138,199,174	38.69%	218,950,981	61.31%	78,348	357,150,155
5	138,158,062	38.69%	218,949,593	61.31%	120,848	357,107,655

Commenting on the vote, Alastair Ferguson, Non-Executive-Chairman, said:

"The result of this GM demonstrates the support that the Board maintains from the majority of its shareholders to deliver on its strategy. That said, we regret the lack of strategic alignment with certain shareholders and will continue to make every effort to engage constructively with them going forward.  This meeting has given the Board a greater understanding of their issues and we commit to working more intently to address them in order to draw a line under these matters. We thank shareholders for their attendance today and we look forward to demonstrating the value upside that we expect to realise over the long-term as we accelerate our proven, low-risk strategy."

For further information:

Scirocco Energy plc Tom Reynolds, CEO Doug Rycroft, COO	[phone]
Strand Hanson Limited, Nominated Adviser Ritchie Balmer / James Spinney / Robert Collins	[phone]
WH Ireland Limited, Broker Harry Ansell / Katy Mitchell	[phone]
Buchanan, Financial PR Ben Romney / Jon Krinks	[phone]

 

END

 

 

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