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VIVO ENERGY PLC - Response to Moroccan Media Report

Release Date: 16/01/2020 09:00
Code(s): VVO     PDF:  
Wrap Text
Response to Moroccan Media Report

 Vivo Energy plc
(Incorporated in England and Wales)
(Registration number: 11250655)
(Share code: VVO)
LEI: 213800TR7V9QN896AU56
ISIN: GB00BDGT2M75




16 January 2020

                                        Vivo Energy plc
                                        LSE:VVO / JSE:VVO


                        Response to Moroccan Media Report


Following the publication of a media report in Morocco, Vivo Energy plc confirms that its subsidiary
in Morocco has received a report from the investigators in charge of the Conseil de la Concurrence’s
(the “CdC”) ongoing review of the competitive dynamics of the Moroccan fuel retailing industry.
Based on the procedures specified in the rules, Vivo Energy Maroc will have the opportunity to make
further submissions to the CdC over the next two months before the report is submitted to the
Board of the CdC for review and a formal judgement on the matter.
Vivo Energy believes that Vivo Energy Maroc has at all times conducted its operations in accordance
with applicable competition laws, rules and regulations and will make further announcements on this
matter as and when necessary.




                                            Ends


Notes to editors:

 Media contacts:                                   Investor contact:
 Vivo Energy plc                                   Vivo Energy plc
 Rob Foyle, Head of Communications                 Giles Blackham, Head of Investor Relations
 +44 7715 036 407                                  +44 20 3034 3735
 rob.foyle@vivoenergy.com                          giles.blackham@vivoenergy.com

 Tulchan Communications
 Martin Robinson, Suniti Chauhan
 +44 20 7353 4200
 vivoenergy@tulchangroup.com


JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd


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.

Date: 16-01-2020 09:00:00
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