Beacon Energy plc today became an AIM Rule 15 cash shell after creditors sold certain assets belonging to its German subsidiary to a third party, signalling the start of its liquidation. TRADING Rhein Petroleum GmbH had debts of €7.5 million following a poor show at the Erfelden field in Hessen and lack of “very significant […]
Tag: liquidation
Scirocco shareholders vote to cancel trading
Scirocco Energy plc shareholders today voted to cancel trading with the last day of dealings expected to be on 16 May. The company will hold further general meeting in approximately two months to appoint liquidators ahead of returning cash to its investors. The process will be via a members’ voluntary liquidation.
Scirocco faces liquidation on vote to return investors’ cash
Scirocco Energy plc is facing a members’ voluntary liquidation after today’s vote to return the company’s cash and any cash proceeds from the sale of its material assets to its investors. MEETINGS At a requisitioned general meeting, 80.19% of shareholders voted in favour of the resolution with 19.81% against, out of a total 363,291,448 votes […]