Coro Energy PLC Issue of Equity & Total Voting Rights (0992L)
17 April 2018 - 4:00PM
UK Regulatory
TIDMCORO
RNS Number : 0992L
Coro Energy PLC
17 April 2018
17 April 2018
Coro Energy Plc
("Coro" or the "Company")
Issue of Equity & Total Voting Rights
Coro Energy plc, the pan Euro-Asian gas explorer, announces
that, consistent with its policy to preserve its substantial cash
balance for acquisitions and upstream operations, it has issued
1,712,329 new ordinary shares of 0.1 pence each ("Ordinary Shares")
each at a price of 4.38 pence per share in settlement of certain
professional advisor fees associated with the Company's
re-admission to trading on AIM. Application has been made for the
1,712,329 new Ordinary Shares being issued to be admitted to
trading on AIM which is expected to occur on 20 April 2018
("Admission").
Following Admission, the Company's enlarged issued share capital
will comprise 718,521,764 Ordinary Shares with voting rights. The
Company has no shares held in Treasury. This figure of 718,521,764
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under FCA's
Disclosure Guidance and Transparency Rules.
In addition and as previously announced, the Company has
164,817,352 warrants in issue, exercisable on or before the 9 April
2019, to subscribe for Ordinary Shares at a price of 6.57 pence and
62,000,000 director and employee options to subscribe for Ordinary
Shares at a price of 4.38 pence per share.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information please contact:
Coro Energy plc
Sara Edmonson, Chief Executive Officer
James Parsons, Non-Executive Chairman s.edmonson@coroenergyplc.com
j.parsons@coroenergyplc.com
Grant Thornton UK LLP (Financial Tel: +44 (0)20 383 5100
and Nominated Adviser)
Colin Aaronson
Jen Clarke
Harrison J Clarke
Turner Pope Investments (TPI) Ltd Tel: +44 (0)20 3621 4120
(Broker) info@turnerpope.com
Ben Turner
James Pope
This information is provided by RNS
The company news service from the London Stock Exchange
END
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