REG - Scirocco Energy PLC - Result of General Meeting

Scirocco EnergyAnnouncement

13/10/2022 12:30

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RNS Number : 8287C  Scirocco Energy PLC  13 October 2022

13 October 2022

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,
provides the results of the requisitioned General Meeting ("GM") which was
held today at 9am.

All the Resolutions proposed by the Requisitioning Shareholders at the GM were
voted down by the requisite majority, as summarised below:

 Total Votes
 Resolution
             For             %       Against         %       Withheld               Total cast
 1             138,024,174   38.66%    218,950,981   61.34%        253,348            356,975,155
 2             137,978,070   38.66%    218,954,585   61.34%        295,848            356,932,655
 3             138,195,841   38.69%    218,954,314   61.31%          78,348           357,150,155
 4             138,199,174   38.69%    218,950,981   61.31%          78,348           357,150,155
 5             138,158,062   38.69%    218,949,593   61.31%        120,848            357,107,655

 

Commenting on the vote, Alastair Ferguson, Non-Executive-Chairman, said:

"The result of this GM demonstrates the support that the Board maintains from
the majority of its shareholders to deliver on its strategy. That said, we
regret the lack of strategic alignment with certain shareholders and will
continue to make every effort to engage constructively with them going
forward.  This meeting has given the Board a greater understanding of their
issues and we commit to working more intently to address them in order to draw
a line under these matters. We thank shareholders for their attendance today
and we look forward to demonstrating the value upside that we expect to
realise over the long-term as we accelerate our proven, low-risk strategy."

For further information:

 Scirocco Energy plc                               +44 (0) 20 7466 5000

 Tom Reynolds, CEO

 Doug Rycroft, COO

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

 Ritchie Balmer / James Spinney / Robert Collins

 WH Ireland Limited, Broker                        +44 (0) 0207 220 1666

 Harry Ansell / Katy Mitchell

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

 Ben Romney / Jon Krinks

 

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