TIDMSCIR

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 
  Tom Reynolds, CEO                             5000 
 
   Strand Hanson Limited, Nominated Adviser 
   Ritchie Balmer / James Spinney / Robert       +44 (0) 20 7409 
   Collins                                       3494 
 
   WH Ireland Limited, Broker                    +44 (0) 207 
   Harry Ansell / Katy Mitchell                  220 1666 
 
   Buchanan, Financial PR                        +44 (0) 20 7466 
   Ben Romney / Barry Archer / George Pope       5000

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(END) Dow Jones Newswires

November 28, 2023 02:00 ET (07:00 GMT)

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