Famida Rasheed

Hardy Plc

Hardy Plc (formerly Hardy Oil and Gas Plc) was an international oil and gas exploration and production company which sold all it's oil and gas interests in October 2019. Following the sale, Hardy is a ‘cash shell' and no longer has any subsidiaries or assets of significance other than cash and cash equivalents. The Company's shares were delisted from trading on the Main Market of the London Stock Exchange on 24 February 2020. One 28 July 2020 the Company was re-registered under the Isle of Man Companies Act 2006 with the name Hardy Plc and company number 018168V. The directors of Hardy have stated that Hardy intends to use its cash resources for the purposes of acquiring or establishing a company, business or asset that operates in the resources sector or other industries should an appropriate investment opportunity present itself. In the meantime, whilst the review of such potential business opportunities continues, the directors also plan to deploy part or all of the cash resources in order to generate a level of return on capital including by way of short term investment in quoted stocks.