Result of General Meeting

Scirocco Energy PLC

10 January 2024

 

10 January 2024

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, is pleased to announce that the Company received the requisite majority approval from shareholders at the General Meeting held today in respect of the proposed divestment of its interest in Energy Acquisitions Group Limited ("EAG") (the "Proposed Transaction").

Completion of the Proposed Transaction is subject to the receipt of a waiver by Allied Irish Banks PLC ("AIB"), of any change of the control provisions, or equivalent mechanisms, which may apply to the Proposed Transaction under the existing loan facility dated 3 May 2023 made between EAG and AIB, with such waiver expected to be received by the end of January. Further announcements will be made as and when appropriate.

The results of the shareholder vote shown in the table below have been confirmed by a poll of votes cast carried out by the Company's independent registrar present at the meeting.

			Total Votes
Resolution	For	%	Against	%	Withheld	Total Cast
1	180,737,012	95.49	8,531,803	4.51	10,255,169	189,268,815

For further information:

Scirocco Energy plc Tom Reynolds, CEO	[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 / Barry Archer / George Pope	[phone]

Inside Information

The information contained within this announcement is deemed by Scirocco to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 ("MAR"). On the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

END