REG - Scirocco Energy PLC - Management Changes

Scirocco EnergyAnnouncement

28/11/2023 07:00

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RNS Number : 8296U  Scirocco Energy PLC  28 November 2023

28 November 2023

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Management Changes

 

Scirocco Energy (AIM:SCIR), the AIM investing company targeting attractive
assets within the European sustainable energy and circular economy
markets, announces that following completion of the divestment of its
interest in Ruvuma, as planned, Doug Rycroft has stepped down from his
position as COO of Scirocco with immediate effect.

Commenting on the change, CEO Tom Reynolds said:

"As a secondee from Gneiss Energy, which assisted us with the disposal of
Ruvuma, Doug has played a critical role in managing Scirocco's interest in
Ruvuma since 2018 and overseeing the divestment process. I'd like to thank him
for his hard work in assisting that transformative transaction over the
line.  As we previously communicated to the market, the Board's priority in
the near-term is to preserve cash until we land on the next investment and the
shrinking of the executive team supports that focus."

 

For further information:

 Scirocco Energy plc                               +44 (0) 20 7466 5000

 Tom Reynolds, CEO

 Strand Hanson Limited, Nominated Adviser          +44 (0) 20 7409 3494

 Ritchie Balmer / James Spinney / Robert Collins

 WH Ireland Limited, Broker                        +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

 Buchanan, Financial PR                            +44 (0) 20 7466 5000

 Ben Romney / Barry Archer / George Pope

 

 

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