Result of Annual General Meeting

RNS Number : 8042E

Scirocco Energy PLC

09 July 2021

 

9 July 2021

Scirocco Energy plc

("Scirocco" of "the Company")

Result of Annual General Meeting

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, announces that at the Annual General Meeting of the Company held today, all resolutions were duly passed.

	Resolutions	For	Against	Percentage For	Withheld
1.	To approve the new investing policy	146,337,026	511,167	99.6%	143,452
2.	To receive and consider the report of the directors and the financial statements for the period ended 31 December 2020 and the report of the auditors	146,914,803	11,167	99.9%	65,675
3.	To appoint Muir Miller as a director of the Company	146,134,453	291,517	99.9%	565,675
4.	To re-appoint PKF Littlejohn LLP as auditors of the Company	146,724,479	150,380	99.9%	116,786
5.	Directors authority to allot shares	146,620,360	204,756	99.9%	166,529
6.	Disapplication of pre-emption rights	146,310,056	515,060	99.9%	166,529
7.	Purchase of own shares	146,600,225	232,167	99.9%	159,253

Of note, the new investment policy was approved with 99.6% votes. This now enables the Company to focus on investing in attractive assets within the European sustainable energy and circular economy markets, such as the proposed investment in EAG announced on 14 June 2021.

As previously announced, Jon Fitzpatrick,Non-Executive Director had stated that he would not stand for re-election and following today's AGM, he is no longer a Director of Scirocco. The Board now consists of two Independent Non-Executive Directors, alongside the Non-Executive Chairman and CEO, together with a COO in a senior management role.  

Alastair Ferguson, Non-Executive Chairman, commented: "I would like to take this opportunity to thank Jon for his contribution to the Board. He has been a key part of launching the new strategy and our transition from Solo Oil to Scirocco Energy. We wish him the best of luck with his future endeavours.

Following the AGM today, we will continue to focus on executing our growth strategy, and building on the recent investment in EAG. We will update investors on any development with Scirocco assets when appropriate."

For further information: 

Scirocco Energy plc Tom Reynolds, CEO Doug Rycroft, COO	[phone]
Strand Hanson Limited, Nominated Adviser James Spinney / Ritchie Balmer / Rory Murphy	[phone]
WH Ireland Limited, Broker Harry Ansell / Katy Mitchell	[phone]
Buchanan, Financial PR Ben Romney / Kelsey Traynor / James Husband	[phone]

 

END

 

 

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