Barryroe Offshore Energy plc ("Barryroe" or the "Company") announces that the EGM to be held in Dublin on 24 July 2023 will be opened but immediately adjourned.
This decision follows a petition, submitted to the High Court on 21 July 2023, by Vevan Unlimited Company ("Vevan"), one of the Company's substantial shareholders, for an Examiner to be appointed to the Company. It was directed by the High Court that the petition will be heard on 31 July 2023.
Upon opening the EGM, the Chairman will immediately propose an adjournment in accordance with section 187(4) of the Companies Act 2014, pending the outcome of the High Court petition by Vevan.
A further notice will be issued to shareholders following the decision of the High Court as regards the petition.
