Coro Energy PLC Issue of Equity and Total Voting Rights (7096M)
13 January 2023 - 11:29PM
UK Regulatory
TIDMCORO
RNS Number : 7096M
Coro Energy PLC
13 January 2023
13 January 2023
Coro Energy Plc
("Coro" or the "Company" and together with its subsidiaries the
"Group")
Issue of Equity and Total Voting Rights
Coro Energy PLC, the South East Asian energy company with a
natural gas and clean energy portfolio, announces that, further to
the successful restructuring of the Company's Luxembourg listed EUR
22.5m 10% secured notes (the "Notes") as announced on 11 April
2022, the holders of the Notes have elected by the requisite
majority to receive interest payments on the Notes in relation to
the quarter to 12 January 2023 in new ordinary shares of the
Company (the "Election").
The new Ordinary shares to be issued pursuant to the Election
will be issued to holders of the Notes at a price equal to the
volume weighted average price the Company's ordinary shares for the
10 business days to, and including, 12 January 2023 being 0.254
pence per new ordinary share.
A total of 229,325,962 new ordinary shares will therefore be
issued in connection with the Election (the "New Ordinary Shares")
and application has been made to the London Stock Exchange plc for
the New Ordinary Shares, which will rank pari passu with the
Company's existing ordinary shares, to be admitted to trading on
AIM. Dealings in the New Ordinary Shares are expected to commence
on or around 8.00 a.m. on 19 January 2023 ("Admission").
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, on Admission its issued ordinary share capital will
comprise 2,569,302,651 ordinary shares. All of the ordinary shares
have equal voting rights and none of the ordinary shares are held
in treasury. The total number of voting rights in the Company will
therefore be 2,569,302,651.
The above figure may be used by shareholders as the denominator
for the calculations to determine if they are required to notify
their interests in, or change to their interest in, the
Company.
For further information please contact:
Coro Energy plc Via Vigo Consulting Ltd
James Parsons, Executive Chairman
Ewen Ainsworth, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser) Tel: 44 (0)20 7397 8900
Ben Jeynes
Katy Birkin
Vigo Consulting (IR/PR Advisor) Tel: 44 (0)20 7390 0230
Patrick d'Ancona
Charlie Neish
WH Ireland (Broker) Tel: 44 (0)20 7220 1670 / 44
Harry Ansell (0)113 946 618
Katy Mitchell
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END
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January 13, 2023 07:29 ET (12:29 GMT)
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