NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA,
NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF
THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO
WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY
APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THIS ANNOUNCEMENT.
THE
COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR
MATERIALS RELATING TO THE WRAP RETAIL OFFER AS A FINANCIAL
PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY,
THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF
THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION)
ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF CORO
ENERGY PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH
THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND
WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR
INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART
OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF
AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF CORO
ENERGY PLC.
24 January 2025
Coro Energy plc
Extension and increase of WRAP Retail
Offer
Coro Energy plc ("Coro" or the "Company"), the South East Asian energy
company with a natural gas and clean energy portfolio, announces
that further to the announcement made on 10 January 2025 regarding
the WRAP Retail Offer launch, the Company is extending the time for
existing retail shareholders to participate in the WRAP Retail
Offer as well as increasing the maximum amount to £125,000.00.
The Company would like to thank those retail shareholders who
have, by participating in this WRAP Retail Offer,
demonstrated continued support for the Company.
Under the increased WRAP Retail Offer up to
83,333,334 New Ordinary Shares (the "WRAP Retail Offer Shares") will be made
available at a price of 1.5 pence per New Ordinary
Share.
Under the revised timetable, the WRAP Retail
Offer will now close on 3 February at 4:30pm. As per the
announcement made on 15 January 2025, the General Meeting to grant
authority for the issue of the Retail Offer Shares will be held on
5 February 2025 at 9.00 a.m. at Fieldfisher's offices, 9th Floor,
Riverbank House, 2 Swan Lane, London EC4R 3TT.
A Shareholder Circular (containing a notice
convening the General Meeting) has been posted to shareholders and
is available on the Company's website https://www.coroenergyplc.com
with proposals in relation to the equity fundraising, a share
capital reorganisation and the deemed redemption of part of the
Company's existing secured listed bonds with the balance being
converted into equity ("the Recapitalisation").
Retail brokers wishing to participate in the
WRAP Retail Offer on behalf of existing retail shareholders should
contact wrap@winterflood.com. Existing shareholders can contact
their broker or wealth manager to participate in the WRAP Retail
Offer.
Terms used but not defined in this announcement
have the same meaning as set out in the Company's announcement
released at 07.00am on 10 January 2025.
For Further Information please
contact:
Coro Energy
plc
|
Via Vigo Consulting
Ltd
|
|
|
|
Cavendish
Capital Markets Limited (Nominated Adviser)
|
+44 (0)20 7220
0500
|
Adrian Hadden
Ben Jeynes
|
|
|
|
Hybridan LLP
(Nominated Broker)
|
+44 (0)20 3764 2341
|
Claire Louise Noyce
|
|
|
|
Winterflood
Retail Access Platform
|
WRAP@winterflood.com
|
Joe Winkley, Sophia Bechev
|
+ 44 (0) 203 100
0286
|
|
|
Vigo
Consulting (IR/PR Advisor)
Patrick d'Ancona
Finlay Thomson
|
Tel:
44 (0)20 7390 0230
|
|
|
Further information on the Company can be found
on its website at www.coroenergyplc.com
The Company's LEI is
2138004JXMD9YXLMKS49.
This announcement should be read in its
entirety. In particular, the information in the "Important Notices"
section of the announcement should be read and
understood.
Important
Notices
The content of this announcement, which has
been prepared by and is the sole responsibility of the
Company.
This announcement and the information contained
herein is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into or from the United
States (including its territories and possessions, any state of the
United States and the District of Columbia (the "United States" or "US")), Australia, Canada, New Zealand,
Japan, the Republic of South Africa, any member state of the EEA or
any other jurisdiction where to do so might constitute a violation
of the relevant laws or regulations of such
jurisdiction.
The WRAP Retail Offer Shares have not been and
will not be registered under the US Securities Act of 1933, as
amended (the "US Securities
Act") or under the applicable state securities laws of the
United States and may not be offered or sold directly or indirectly
in or into the United States. No public offering of the WRAP Retail
Offer Shares is being made in the United States. The WRAP Retail
Offer Shares are being offered and sold outside the United States in
"offshore transactions", as
defined in, and in compliance with, Regulation S under the US
Securities Act ("Regulation
S") to non-US persons (within the meaning of Regulation S).
In addition, the Company has not been, and will not be, registered
under the US Investment Company Act of 1940, as amended.
This announcement does not constitute an offer
to sell or issue or a solicitation of an offer to buy or subscribe
for WRAP Retail Offer Shares in the United States, Australia,
Canada, New Zealand, Japan, the Republic of South Africa, any
member state of the EEA or any other jurisdiction in which such
offer or solicitation is or may be unlawful. No public offer of the
securities referred to herein is being made in any such
jurisdiction.
This announcement is not for publication or
distribution, directly or indirectly, in or into the United States
of America. This announcement is not an offer of securities
for sale into the United States. The securities referred to
herein have not been and will not be registered under the US
Securities Act, and may not be offered or sold in the United
States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made
in the United States.
The distribution of this announcement may be
restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein
comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
WRAP is a proprietary technology platform owned
and operated by Winterflood Securities Ltd (registered address at
Riverbank House, 2 Swan Lane, London EC4R 3GA; FRN 141455).
Winterflood Securities Ltd ("Winterflood") is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for the Company and for no-one else and will
not regard any other person (whether or not a recipient of this
announcement) as its client in relation to the WRAP Retail Offer
and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients, nor for
providing advice in connection with the WRAP Retail Offer,
Admission and the other arrangements referred to in this
announcement.
The value of Ordinary Shares and the income
from them is not guaranteed and can fall as well as rise due to
stock market movements. When you sell your investment, you may get
back less than you originally invested. Figures refer to past
performance and past performance is not a reliable indicator of
future results. Returns may increase or decrease as a result of
currency fluctuations.
Certain statements in this announcement are
forward-looking statements which are based on the Company's
expectations, intentions and projections regarding its future
performance, anticipated events or trends and other matters that
are not historical facts. These forward-looking statements, which
may use words such as "aim", "anticipate", "believe", "intend",
"estimate", "expect" and words of similar meaning, include all
matters that are not historical facts. These forward-looking
statements involve risks, assumptions and uncertainties that could
cause the actual results of operations, financial condition,
liquidity and dividend policy and the development of the industries
in which the Company's businesses operate to differ materially from
the impression created by the forward-looking statements. These
statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties and other factors that
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. Given
those risks and uncertainties, prospective investors are cautioned
not to place undue reliance on forward-looking
statements.
These forward-looking statements speak only as
at the date of this announcement and cannot be relied upon as a
guide to future performance. The Company and Winterflood expressly
disclaim any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual
results or any change in the assumptions, conditions or
circumstances on which any such statements are based unless
required to do so by the Financial Conduct Authority, the London
Stock Exchange or applicable law.
The information in this announcement is for
background purposes only and does not purport to be full or
complete. None of Winterflood or any of its affiliates, accepts any
responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to this
announcement, including the truth, accuracy or completeness of the
information in this announcement (or whether any information has
been omitted from the announcement) or any other information
relating to the Company or associated companies, whether written,
oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of
the announcement or its contents or otherwise arising in connection
therewith. Winterflood and its affiliates, accordingly disclaim all
and any liability whether arising in tort, contract or otherwise
which they might otherwise be found to have in respect of this
announcement or its contents or otherwise arising in connection
therewith.
Any indication in this announcement of the
price at which the Ordinary Share have been bought or sold in the
past cannot be relied upon as a guide to future performance.
Persons needing advice should consult an independent financial
adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be
interpreted to mean that earnings or target dividend per share of
the Company for the current or future financial years would
necessarily match or exceed the historical published earnings or
dividends per share of the Company.
Neither the content of the Company's website
(or any other website) nor the content of any website accessible
from hyperlinks on the Company's website (or any other website) is
incorporated into or forms part of this announcement. The WRAP
Retail Offer Shares to be issued or sold pursuant to the WRAP
Retail Offer will not be admitted to trading on any stock exchange
other than the London Stock Exchange.
It is further noted that the WRAP Retail Offer
is only open to investors in the United Kingdom who fall within
Article 43 of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (which includes an
existing member of the Company).
Cavendish Capital Markets Limited which is
authorised and regulated by the FCA in the United Kingdom, is
acting Nominated Adviser to the Company. Cavendish Capital Markets
Limited has not authorised the contents of, or any part of, this
announcement, and no liability whatsoever is accepted by Cavendish
Capital Markets Limited for the accuracy of any information or
opinions contained in this announcement or for the omission of any
material information. The responsibilities of Cavendish Capital
Markets Limited as the Company's Nominated Adviser under the Market
Rules for Companies and the Market Rules for Nominated Advisers are
owed solely to London Stock Exchange plc and are not owed to the
Company or to any director or shareholder of the Company or any
other person, in respect of its decision to acquire shares in the
capital of the Company in reliance on any part of this
announcement, or otherwise.
Hybridan LLP ("Hybridan") is authorised and
regulated by the FCA in the United Kingdom. Hybridan is acting
solely as broker exclusively for the Company and no one else in
connection with the Subscription and the contents of this
announcement and will not regard any other person (whether or not a
recipient of this Announcement) as its client in relation to the
Subscription or the contents of this announcement nor will it be
responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice in
relation to the contents of this announcement. Apart from the
responsibilities and liabilities, if any, which may be imposed on
Hybridan by FSMA or the regulatory regime established thereunder,
Hybridan accepts no responsibility whatsoever, and makes no
representation or warranty, express or implied, for the
Subscription or the contents of this announcement including its
accuracy, completeness or verification or for any other statement
made or purported to be made by it, or on behalf of it, the Company
or any other person, in connection with the Company and the
contents of this announcement, whether as to the past or the
future. Hybridan accordingly disclaims all and any liability
whatsoever, whether arising in tort, contract or otherwise (save as
referred to above), which it might otherwise have in respect of the
contents of this announcement or any such statement.