Scirocco Energy Share News (SCIR)

IN BRIEF: Scirocco completes "transformative" Ruvuma divestment

Scirocco Energy PLC - investing company targeting assets within the European sustainable energy and circular economy markets - Completes divestment of its 25% non-operated interest in the Ruvuma asset in Tanzania to ARA Petroleum Tanzania for USD2.5 million. The cash call loan facility provided by APT fully settles by completion, leaving Scirocco with no ongoing associated liabilities. "This is a transformative divestment for Scirocco and we are delighted to have reached this watershed moment for the company," says Chief Executive Officer Tom Reynolds. He adds that the receipt of the initial consideration puts the company on a solid financial footing to explore and evaluate opportunities in line with its strategic focus on energy, circular and vector sectors.

AIM WINNERS & LOSERS: Scirocco hails 'watershed' Ruvuma divestment

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Scirocco Energy gets Tanzanian ministry approval for Ruvuma divestment

(Alliance News) - Scirocco Energy PLC on Monday said it received Tanzanian ministerial approval to divest its stake in Ruvuma petroleum sharing contract in south-east Tanzania.

EARNINGS: Eight Capital swings to profit; Savannah Energy loss widens

(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

TRADING UPDATES: Technology Minerals' Recyclus commissions facility

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Ritson to chair both Hydrogen Future and Helium Ventures

Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Hires Neil Ritson to be non-executive chair, starting immediately. Ritson replaces Daniel Maling, who steps back from executive chair to executive director. At the same time, Non Executive Director David Ormerod leaves the board to "focus on his other commitments in Australia".

Scirocco Energy extends longstop date for Ruvuma asset sale

(Alliance News) - Scirocco Energy PLC on Tuesday said it has extended the longstop date for the Ruvuma transaction to September 30.

IN BRIEF: Scirocco Energy sees minor shareholder rebellion at AGM

Scirocco Energy PLC - investing company targeting assets within the European sustainable energy and circular economy markets - Notes 26% of shareholders voted against resolution five at its annual general meeting. Resolution five was for the reappointment of the auditor and the fixing of remuneration. Adds resolutions six, seven and eight were withdrawn from the agenda of the AGM prior to the event following consultation with a number of shareholders.

IN BRIEF: Scirocco Energy close to sealing ARA Petroleum stake sale

Scirocco Energy PLC - Leeds, England-based investment firm focused on assets with the European sustainable energy and circular economy markets - Updates on sale of 25% interest in the Ruvuma asset to ARA Petroleum Tanzania announced in August 2022. Has received confirmation from the Tanzania Revenue Authority of the assessed tax liability of around GBP150,000, in line with the company's expectations, and which has now been paid. This represents a major milestone towards final completion. Hopes to complete deal by amended long stop date of August 31 once final approval has been received from the Tanzanian Minister for Energy.

UK shareholder meetings calendar - next 7 days

Aminex notes Ruvuma operations progress; Scirocco has clarity on sale

(Alliance News) - Aminex PLC on Wednesday said operations at Ruvuma have continued to progress, and has chosen a new target location for the Chikumbi-1 well.

EARNINGS SUMMARY: Wentworth swings to loss as M&P takeover drags on

(Alliance News) - The following is a round-up of 2022 annual results by London-listed companies, issued on Friday and not separately reported by Alliance News:

TRADING UPDATES: Acquisition of Hurricane Energy clears another hurdle

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Scirocco Energy shares rise on Grenan's strong quarterly performance

(Alliance News) - Scirocco Energy PLC on Thursday provided an update on its investment in Energy Acquisitions Group Ltd, which owns and operates an anaerobic digestor plant in Northern Ireland.

Scirocco investment in EAG performing well

(Sharecast News) - Scirocco Energy said in an update on Thursday that its investment in Energy Acquisitions Group (EAG) was showing positive results.