By Elena Vardon
Barryroe Offshore Energy on Monday said it intends to start an orderly wind down of its business through a creditors voluntary liquidation.
The London and Dublin-listed oil-and-gas company said it will seek shareholder approval at an extraordinary general meeting it is convening in July to appoint a liquidator to the company.
Shares in the company will be suspended from trading on AIM and Euronext Growth from Monday and will remain so until the funding situation is resolved or the liquidation process is complete, it said.
Talks with major shareholders on renewed funding will continue until the meeting, but there can be no guarantee they will be successful, it said.
Write to Elena Vardon at [email protected]
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