TIDMSCIR

RNS Number : 2545B

Scirocco Energy PLC

01 June 2023

1 June 2023

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Board Changes

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, confirms that, as announced on 1 March 2023, Muir Miller has stepped down as a director of Scirocco Energy plc.

Mr Miller will be replaced by Niall Roberts on the board of Energy Acquisitions Group Ltd ("EAG"). Scirocco owns 50% in the EAG Joint Venture which wholly owns and operates Greenan Generation Limited ("GGL"), a 0.5MW Anaerobic Digestor ("AD") plant in Northern Ireland.

During the bulk of his tenure as a director Mr Miller agreed to defer his director fees to preserve cash in the company. In order to meet its obligations to him - and consistent with other directors - the company has entered into an Options Deed which awards options to Mr Miller to subscribe for shares in order to settle the total salary deferred between March 2021 and August 2022.

Alastair Ferguson, Chairman of Scirocco stated "I want to thank Muir on behalf of our fellow Directors for his personal and professional contribution to Scirocco during a challenging period which saw the company transition from a natural resources investor to an investor in sustainable energy assets.

Muir's experience and knowledge, especially with regards to ESG and renewable energy sectors, has assisted the company in both identifying and assessing a range of potential investments. We wish him well with his future endeavours."

For further information:

 
 Scirocco Energy plc                               +44 (0) 20 7466 
  Tom Reynolds, CEO                                 5000 
 
   Strand Hanson Limited, Nominated Adviser          +44 (0) 20 7409 
   Ritchie Balmer / James Spinney / Rory Murphy      3494 
 
   WH Ireland Limited, Broker                        +44 (0) 207 220 
   Harry Ansell / Katy Mitchell                      1666 
 
   Buchanan, Financial PR                            +44 (0) 20 7466 
   Ben Romney / Jon Krinks / George Pope             5000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOANKDBKCBKDDPN

(END) Dow Jones Newswires

June 01, 2023 02:00 ET (06:00 GMT)

Scirocco Energy (LSE:SCIR)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025 Click aqui para mais gráficos Scirocco Energy.
Scirocco Energy (LSE:SCIR)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025 Click aqui para mais gráficos Scirocco Energy.