Scirocco Energy PLC Response to Investor Forum Speculation (2271E)
05 Julio 2021 - 10:36AM
UK Regulatory
TIDMSCIR
RNS Number : 2271E
Scirocco Energy PLC
05 July 2021
5 July 2021
Scirocco Energy plc
("Scirocco" or "the Company")
Response to Investor Forum Speculation
Scirocco Energy (AIM: SCIR), the AIM investing company targeting
attractive production and development opportunities within the
European energy market, provides the response to erroneous
speculation on investor forums regarding its intentions with regard
to corporate activity in the oil and gas sector generally and with
Block Energy PLC ("Block Energy") in particular.
The Board of Scirocco wishes to categorically state that it has
never had, nor currently has any intention to engage in corporate
discussions with Block Energy. Scirocco has clearly stated a
strategic intention to focus on the sustainable energy and circular
economy and will therefore not consider new investments in Oil and
Gas assets or businesses. As such any speculation that SCIR is
considering any form of corporate engagement with Block Energy is
completely false.
Furthermore, the Board confirms that none of its Directors are
looking to join the Board of Block Energy and any speculation to
the contrary on the forums is also completely erroneous.
Scirocco's non-Executive Chairman Alastair Ferguson and
non-Executive Director Jon Fitzpatrick do have independent material
shareholdings in Block Energy, alongside numerous other personal
investments, however they are independent of one another, and those
holdings represent the extent of their involvement in that
company.
For further information:
Scirocco Energy plc
Tom Reynolds, CEO
Doug Rycroft, COO +44 (0) 20 7466 5000
Strand Hanson Limited, Nominated Adviser
James Spinney / Ritchie Balmer / Rory Murphy +44 (0) 20 7409 3494
WH Ireland Limited, Broker
Harry Ansell / Katy Mitchell +44 (0) 0207 220 1666
Buchanan, Financial PR
Ben Romney / Kelsey Traynor / James Husband +44 (0) 20 7466 5000
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END
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