Information  X 
Enter a valid email address

Vivo Energy (VVO)

  Print   

Wednesday 24 March, 2021

Vivo Energy

Update on Moroccan Industry Review

RNS Number : 2492T
Vivo Energy PLC
24 March 2021
 

 

 

24 March 2021

Vivo Energy plc

LSE:VVO / JSE:VVO

 

Update on Moroccan industry review

 

Vivo Energy notes an announcement in Morocco with the conclusions of the ad-hoc committee ("Committee") formed by the Royal Cabinet to review the procedural elements of the Conseil de la Concurrence's ("CDC") investigation of the fuel marketing industry.

 

The Committee concluded that the CDC investigation "was marked by numerous procedural irregularities" and experienced "an obvious deterioration in the climate of deliberations". A new President has now been appointed to lead the CDC. The full announcement can be found at: http://www.mapnews.ma/en/activites-royales/statement-royal-office-61 .

 

Vivo Energy Maroc continues to believe that it has conducted its operations in accordance with applicable competition laws, rules and regulations at all times.

 

Ends

 

Notes to editors:

Media contacts:

Vivo Energy plc

Rob Foyle, Head of Communications

+44 7715 036 407

[email protected]

 

Tulchan Communications

Martin Robinson, Suniti Chauhan

+44 20 7353 4200

[email protected] 

 

 

Investor contact:

Vivo Energy plc

Giles Blackham, Head of Investor Relations

+44 20 3034 3735 / +44 7714 134 681

[email protected]

 

 

 

About Vivo Energy:

 

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,300 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

 

Vivo Energy plc has a primary listing on the London Stock Exchange, and is a member of the FTSE 250 index, with a secondary inward listing on the Johannesburg Stock Exchange.

 

For more information about Vivo Energy, please visit www.vivoenergy.com

 

Forward-looking statements

This announcement includes forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control and all of which are based on the Directors' current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as: "believe", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned", "anticipates" or "targets" or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this report and include statements regarding the intentions, beliefs or current expectations of the Directors or the Group concerning, among other things, the future results of operations, financial condition, prospects, growth, strategies of the Group and the industry in which it operates.

No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Group. Such risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed, or implied in such forward-looking statements.

Such forward-looking statements contained in this report speak only as of the date of this announcement. The Company and the Directors expressly disclaim any obligation or undertaking to update these forward-looking statements contained in the document to reflect any change in their expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law.

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 [email protected] 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
 
 
STRVXLFLFXLBBBD

a d v e r t i s e m e n t