Vivo Energy PLC Statement re Media Report in Morocco (8415E)
July 08 2019 - 10:45AM
UK Regulatory
TIDMVVO
RNS Number : 8415E
Vivo Energy PLC
08 July 2019
8 July 2019
Vivo Energy plc
LSE:VVO / JSE:VVO
Media Report in Morocco
Vivo Energy plc notes a 6 July 2019 media report in Morocco
citing engagement between the Conseil de la Concurrence
(Competition Council) and industry participants, as part of its
ongoing investigation into the competitive dynamics of the Moroccan
fuel retailing industry.
We take compliance with the laws and regulations of the
jurisdictions in which we operate seriously and are co--operating
fully with the Conseil de la Concurrence.
Ends
Notes to editors:
Media contacts: Investor contact:
Vivo Energy plc Vivo Energy plc
Rob Foyle, Head of Communications Giles Blackham, Head of Investor
+44 7715 036 407 Relations
rob.foyle@vivoenergy.com +44 20 3034 3735
giles.blackham@vivoenergy.com
Tulchan Communications
Martin Robinson, Suniti Chauhan
+44 20 7353 4200
vivoenergy@tulchangroup.com
This announcement contains inside information, which is
disclosed in accordance with the Market Abuse Regulation.
About Vivo Energy:
Vivo Energy operates and markets its products in countries
across North, West, East and Southern Africa. The Group has a
network of over 2,100 service stations in 23 countries operating
under the Shell and Engen brands and exports lubricants to a number
of other African countries. Its retail offering includes fuels,
lubricants, card services, shops, restaurants and other non-fuel
services (e.g. oil change and car wash). It provides fuels,
lubricants and liquefied petroleum gas (LPG) to business customers
across a range of sectors including marine, mining, construction,
power, transport and manufacturing. Jet fuel is sold to customers
under the Vitol Aviation brand.
The Company employs around 2,700 people and has access to over
1,000,000 cubic metres of fuel storage capacity. The Group's joint
venture, Shell and Vivo Lubricants B.V., sources, blends, packages
and supplies Shell-branded lubricants at plants in six
countries.
For more information about Vivo Energy, please visit
www.vivoenergy.com
Forward-looking statements
This announcement includes forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond the Company's control and
all of which are based on the Directors' current beliefs and
expectations about future events. Forward-looking statements are
sometimes identified by the use of forward-looking terminology such
as: "believe", "expects", "may", "will", "could", "should",
"shall", "risk", "intends", "estimates", "aims", "plans",
"predicts", "continues", "assumes", "positioned", "anticipates" or
"targets" or the negative thereof, other variations thereon or
comparable terminology. These forward-looking statements include
all matters that are not historical facts. They appear in a number
of places throughout this report and include statements regarding
the intentions, beliefs or current expectations of the Directors or
the Group concerning, among other things, the future results of
operations, financial condition, prospects, growth, strategies of
the Group and the industry in which it operates.
No assurance can be given that such future results will be
achieved; actual events or results may differ materially as a
result of risks and uncertainties facing the Group. Such risks and
uncertainties could cause actual results to vary materially from
the future results indicated, expressed, or implied in such
forward-looking statements.
Such forward-looking statements contained in this report speak
only as of the date of this report. The Company and the Directors
expressly disclaim any obligation or undertaking to update these
forward-looking statements contained in the document to reflect any
change in their expectations or any change in events, conditions,
or circumstances on which such statements are based, unless
required to do so by applicable law.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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