REG - Barryroe Offshore - Appointment of Examiner
31/07/2023 17:15
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RNS Number : 7969H Barryroe Offshore Energy PLC 31 July 2023
Appointment of Examiner
31 July 2023
Barryroe Offshore Energy plc ("Barryroe" or the "Company") announces that at a
Court Hearing held earlier today Mr. Kieran Wallace of Interpath Advisory was
appointed as Examiner to the Company.
Mr. Wallace will now have an initial period of 70 days to ascertain whether he
can formulate a scheme of arrangement for the Company in order to restructure
its affairs. The Petitioner Vevan Unlimited Company has agreed to support the
Company throughout the Examinership process.
The proposed Creditors Voluntary Liquidation (CVL) and cancellation of the
admission to trading announced on the 30 June 2023 will not now proceed as
planned pending the outcome of the Examinership process. The Company's shares
will remain suspended from trading pending publication of its annual accounts
for 2022 and resolution of its solvency issues.
Ends
INVESTOR ENQUIRIES:
Barryroe Offshore Energy P.l.c.
Tel: +353 1 219 4074
Alan Curran, Chief Executive
Investor Relations
Tel: + 353 1 219 4074
Job Langbroek
J & E Davy
Tel: +353 1 679
6363
Anthony Farrell
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