REG - Coro Energy PLC - Issue of Equity and Total Voting Rights

Coro EnergyAnnouncement

13/10/2022 13:45

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RNS Number : 8351C  Coro Energy PLC  13 October 2022

13 October 2022

 

Coro Energy Plc

("Coro" or the "Company" and together with its subsidiaries the "Group")

 

Election by Bond holders to receive interest payment in shares, 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, 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 October 2022 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, 11
October 2022 being 0.2661 pence per new ordinary share.

A total of 215,940,722 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 October 2022 ("Admission").

In accordance with the provisions of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, the on
Admission its issued ordinary share capital will comprise 2,339,976,689
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 2,339,976,689.

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 (0)113 946 618

 Harry Ansell

 Katy Mitchell

 

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