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Scirocco Energy PLC denies interest in Block Energy

The company dismissed speculation and reaffirmed its plan to prioritise opportunities in sustainable energy and the circular economy

() has dismissed speculation linking it with a deal involving (), or any form of corporate engagement with the firm.

“The board of Scirocco wishes to categorically state that it has never had, nor currently has any intention to engage in corporate discussions with Block Energy,” Scirocco said in a statement.

“Scirocco has clearly stated a strategic intention to focus on the sustainable energy and circular economy and will therefore not consider new investments in Oil and Gas assets or businesses. As such any speculation that SCIR is considering any form of corporate engagement with Block Energy is completely false.”

The company added that none of its directors are looking to join the Board of Block Energy and any speculation to the contrary on the forums is also completely erroneous.

At the same time the company did note that its chairman Alastair Ferguson and non-executive director Jon Fitzpatrick do have independent material shareholdings in Block Energy, alongside numerous other personal investments.

The separate investments are independent of one another, and the holdings represent the extent of the individuals’ involvement in Block.

Read More: Scirocco Energy PLC denies interest in Block Energy

2021-07-06 01:21:00

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