To view the PDF file, sign up for a MySharenet subscription.

VIVO ENERGY PLC - Annual Report and Accounts 2021

Release Date: 09/03/2022 16:00
Code(s): VVO     PDF:  
Wrap Text
Annual Report and Accounts 2021

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



9 March 2022

                             Vivo Energy plc (the "Company")
                                       (LSE: VVO / JSE: VVO)


                         Annual Report and Accounts 2021

Further to the release of the Company's 2021 Full Year Results announcement on 2 March 2022, the
Company announces that it has published its Annual Report and Accounts for the period ended 31
December 2021 (the 2021 Annual Report) on its website https://investors.vivoenergy.com/.

Copies of the 2021 Annual Report will be posted to shareholders who have elected to receive a hard
copy on 25 March 2022, together with the Notice of 2022 Annual General Meeting.

In accordance with Listing Rule 9.6.1 of the UK Financial Conduct Authority (FCA), a copy of the 2021
Annual Report will be submitted to the UK Listing Authority and will shortly be available for public
inspection  at  the  National  Storage Mechanism (NSM)
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

This information should be read in conjunction with the Company's 2021 Full Year
Results announcement, which included the Company's financial statements, information on important
events that have occurred during the financial year, their impact on the financial statements, a
description of the Company's principle risks and uncertainties and related party transactions, as
released on 2 March 2022. That information, together with the information set out below, which is
extracted from the 2021 Annual Report, is provided in accordance with DTR 6.3.5R, which requires
it to be communicated to the media in full unedited text through a Regulatory Information Service.
This announcement is not a substitute for reading the full 2021 Annual Report. Page references in the
text below refer to page numbers in the 2021 Annual Report.

Directors' responsibilities statement
The Directors are responsible for preparing the Annual Report and Accounts in accordance with
applicable law and regulations. Company law requires the Directors to prepare financial statements
for each financial year. Under that law, the Directors have elected to prepare the Group financial
statements in accordance with UK adopted International Accountings Standards in conformity with
the requirements of the Companies Act 2006.

The Company financial statements have been prepared in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102), the
Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law.

In preparing these financial statements, the Directors are required to:
    •   adopt the going concern basis unless it is inappropriate to do so;
    •   select suitable accounting policies and then apply them consistently from year to year;
    •   make judgements and accounting estimates that are reasonable and prudent; and
    •   state whether the UK adopted International Accountings Standards in conformity with the
        requirements of the Companies Act 2006 have been followed for the Group financial
        statements and United Kingdom Accounting Standards, comprising FRS 102, have been
        followed for the Company financial statements.

The Directors are responsible for keeping adequate accounting records that are sufficient to show
and explain the Company’s and the Group’s transactions and disclose with reasonable accuracy, at any
time, the financial position of the Group and the Company and to enable them to ensure that the
financial statements and the Directors’ Remuneration Report comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the Group and the Company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the corporate and financial
information included on the Company’s website.

Legislation in the UK governing the preparation and dissemination of financial statements may differ
from legislation in other jurisdictions.

DECLARATION
Each of the Directors, whose names and functions are listed on pages 82 to 83 of the Annual Report,
confirm to the best of their knowledge, that:
    •   the Group financial statements, which have been prepared in accordance with International
        Financial Reporting Standards as adopted by the UK and applicable law, and give a true and
        fair view of the assets, liabilities, financial position and profit of the Group;
    •   the Company financial statements, which have been prepared in accordance with United
        Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards,
        comprising FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of
        Ireland’, and applicable law), give a true and fair view of the assets, liabilities, financial position
        and profit of the Company;
    •   the Strategic Report and Directors’ Report include a fair review of the development and
        performance of the business and the position of the Group, together with a description of the
        principal risks and uncertainties that it faces; and
    •   as at the date of this Report, there is no relevant audit information of which the Company’s
        auditor is unaware. Each Director has taken all the steps he or she should have taken as a
        Director in order to make himself or herself aware of any relevant audit information and to
        establish that the Company’s auditors are aware of that information.

The Board confirms that the Annual Report and financial statements when taken as a whole are fair,
balanced and understandable and provide the information necessary for shareholders to assess the
strategy, position and performance and business model of the Group.

                                                   ENDS

For further information, please contact:

Minna Gonzalez-Gomez
Group Company Secretary
+44 20 3034 3718
minna.gonzalez-gomez@vivoenergy.com


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 2,450 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. It provides fuels, lubricants and liquefied petroleum
gas (LPG) to business customers across a range of sectors including marine, mining, construction, power,
transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over
1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that
sources, blends, packages and supplies Shell-branded lubricants.

Vivo Energy plc has a primary listing on the London Stock Exchange, and is a member of the FTSE 250 index,
with a secondary inward listing on the Johannesburg Stock Exchange.

For more information about Vivo Energy, please visit www.vivoenergy.com


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

Date: 09-03-2022 04:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story