Finance News Oil & Gas

Scirocco cancels directors’ fee shares options

Scirocco Energy plc has cancelled certain options held by directors and former directors under the shares in lieu of fees scheme and paid the money owed in cash. OBLIGATION From 2020 to 2022 the directors concerned deferred salaries to preserve cash in the business in exchange for new ordinary shares options, resulting in £447,000 savings. […]

Finance News Oil & Gas

Scirocco Energy plans to sell interest in EAG

Scirocco Energy plc plans to sell its interest and investment in Energy Acquisitions Group Ltd (EAG) for £2.6 million plus contingent consideration of up to a further £150,000. SHAREHOLDERS The sale, related to anaerobic digestion sites, is to OrbeNovo Sponsor LLP. Scirocco said that the growth of EAG was “heavily dependent” on more investment but […]