Scirocco Energy PLC Cancellation of Listing on AIM
16 Mayo 2024 - 1:00AM
RNS Regulatory News
RNS Number : 6290O
Scirocco Energy PLC
16 May 2024
16 May 2024
Scirocco
Energy plc
("Scirocco Energy" or "the Company")
Cancellation of Listing on AIM
Scirocco Energy (AIM:
SCIR), the AIM Rule 15 cash shell,
today provides an update with regards to the cancellation from
trading on AIM ("Cancellation") following shareholder approval for
the Cancellation at the Company's General Meeting ("GM") on 7 May
2024.
The Company reminds Shareholders
that today, 16 May 2024, will be the last day of dealings in the
Company's ordinary shares on AIM. Admission to trading on AIM will
be cancelled at 7am BST on Friday 17 May 2024.
As discussed in the circular,
published on 17 April 2024, the Company stated it would update
shareholders on the selection of service provider that can
facilitate a secondary market trading platform. Scirocco Energy can
confirm that its ordinary shares will be admitted to trade on JP
Jenkins (https://jpjenkins.com/)
share dealing platform on Friday 17 May 2024.
JP Jenkins provides a share trading
venue for unlisted or unquoted assets in companies, enabling
shareholders and prospective investors to buy and sell equity on a
matched bargain basis. JP Jenkins is a trading name of InfinitX
Limited and Appointed Representative of Prosper Capital LLP
(FRN453007). Shareholders wishing to trade
these securities can do so through their stockbroker. Trades will
be conducted at a level that JP Jenkins is able to match a willing
seller and a willing buyer.
The Board is now engaged with
pre-liquidation preparation and expects to notify shareholders in
late June of a further (and final) GM to enter Members Voluntary Liquidation ("MVL")
with the aim of distributing cash to Shareholders
over the 2024 - 2026 (and potentially 2027) period in accordance
with the outcome of the 19 March 2024 GM. The matched bargain
trading platform will cease if the Company enters an MVL.
Shareholders are reminded that the timing of any distributions
pursuant to the MVL - which are not guaranteed - will depend on a
number of factors, most predominantly the development of the Ruvuma
asset (in line with the expected plan of its owners which the
Company has no control over), and will be under the control of the
liquidator, if the Company enters an MVL.
The Company will issue notices via
the JPJ platform and post them on its website site which will
remain live.
For further information:
Scirocco Energy plc
Tom Reynolds, CEO
|
+44 (0)20 7466 5000
|
Strand Hanson Limited, Nominated Adviser and
Broker
Ritchie Balmer / James Spinney /
Robert Collins
|
+44 (0) 20 7409 3494
|
Buchanan, Financial PR
Ben Romney / Barry Archer / George
Pope
|
+44 (0)20 7466 5000
|
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