REG - Coro Energy PLC - Duyung PSC Sale: Long Stop Date Extension

Coro EnergyAnnouncement

01/10/2025 07:00

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RNS Number : 5086B  Coro Energy PLC  01 October 2025

1 October 2025

 

Coro Energy Plc

("Coro" or the "Company")

 

Duyung PSC Sale: Long Stop Date Extension

 

Coro Energy Plc, the South East Asian renewable energy developer, announces an
extension to the long stop date for the sale of its interest in the Duyung PSC
which was previously announced on 10 April 2025, 14 May 2025 and 1 September
2025. The new long stop date has been mutually agreed as 31 December 2025 with
a rolling extension thereafter if required. As far as the Company is aware,
the transaction is still on track, but whether it completes or not, there is
no exposure to ongoing G&A cash calls for Coro. The Company also announces
that the previously announced 12 month lock in on Conrad Asia Energy Limited
shares issued to Coro under this transaction has been changed to a 6 month
lock in from 30 August 2025 for shares issued at transaction completion and 6
months from the date of issue for all other shares.

 

The transaction represents the final stage of the Company's strategic pivot to
clean energy and enables the Company to now focus its resources on its
exciting renewables portfolios in Vietnam and the Philippines.

 

For further information please contact:

 

 Coro Energy plc                                          Via Vigo Consulting Ltd

 Cavendish Capital Markets Limited (Nominated Adviser)    Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes

 Hybridan LLP (Nominated Broker)                            Tel: 44 (0)20 3764 2341

 Claire Louise Noyce

 Vigo Consulting (IR/PR Advisor)                          Tel: 44 (0)20 7390 0230

 Patrick d'Ancona

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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