Scirocco Energy PLC Result of Annual General Meeting (8042E)

TIDMSCIR

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   Withheld 
                                                       For 
      To approve the 
       new investing 
 1.    policy                 146,337,026   511,167   99.6%        143,452 
     ----------------------  ------------  --------  -----------  --------- 
      To receive and 
       consider the report 
       of the directors 
       and the financial 
       statements for 
       the period ended 
       31 December 2020 
       and the report 
 2.    of the auditors        146,914,803   11,167    99.9%        65,675 
     ----------------------  ------------  --------  -----------  --------- 
      To appoint Muir 
       Miller as a director 
 3.    of the Company         146,134,453   291,517   99.9%        565,675 
     ----------------------  ------------  --------  -----------  --------- 
      To re-appoint 
       PKF Littlejohn 
       LLP as auditors 
 4.    of the Company         146,724,479   150,380   99.9%        116,786 
     ----------------------  ------------  --------  -----------  --------- 
      Directors authority 
 5.    to allot shares        146,620,360   204,756   99.9%        166,529 
     ----------------------  ------------  --------  -----------  --------- 
      Disapplication 
       of pre-emption 
 6.    rights                 146,310,056   515,060   99.9%        166,529 
     ----------------------  ------------  --------  -----------  --------- 
      Purchase of own 
 7.    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                                +44 (0) 20 7466 
  Doug Rycroft, COO                                 5000 
 
   Strand Hanson Limited, Nominated Adviser          +44 (0) 20 7409 
   James Spinney / Ritchie Balmer / Rory Murphy      3494 
 
   WH Ireland Limited, Broker                        +44 (0) 0207 220 
   Harry Ansell / Katy Mitchell                      1666 
 
   Buchanan, Financial PR                            +44 (0) 20 7466 
   Ben Romney / Kelsey Traynor / James Husband       5000

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