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

+44 (0) 20 7466 5000

 

Strand Hanson Limited, Nominated Adviser

James Spinney / Ritchie Balmer / Rory Murphy

 

+44 (0) 20 7409 3494

 

 

WH Ireland Limited, Broker

Harry Ansell / Katy Mitchell  

 

+44 (0) 0207 220 1666

 

 

Buchanan, Financial PR

Ben Romney / Kelsey Traynor / James Husband

 

 

+44 (0) 20 7466 5000

 

 

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END
 
 
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