Scirocco Energy plc today marks its final day of dealing following shareholders’ approval earlier this month to cancel trading.
MVL
On 17 May, the company’s shares will be admitted to JP Jenkins share dealing platform for unlisted or unquoted assets in companies.
The platform enables shareholders and prospective investors to buy and sell equity on a matched bargain basis.
Scirocco said that it was preparing for liquidation and expected to notify shareholders in late June of a final general meeting to enter members voluntary liquidation (MVL).
The company aims to distribute cash to shareholders over 2024 to 2026 and potentially 2027.
The matched bargain trading platform will cease if the company enters an MVL.