REG - Barryroe Offshore - Appointment of Examiner

Barryroe Offshore EnergyAnnouncement

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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