REG - Coro Energy PLC - Issue of Shares & Total Voting Rights

Coro EnergyAnnouncement

12/09/2023 18:00

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RNS Number : 2212M  Coro Energy PLC  12 September 2023

12 September 2023

 

Coro Energy Plc

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

 

ISSUE OF SHARES

 

TOTAL VOTING RIGHTS

 

Coro Energy PLC, the South East Asian energy company with a natural gas and
clean energy portfolio, announces that further to restructuring its
arrangements with its partners in the Philippines, as announced on 27 January
2023, the Company's dividend entitlement was increased and in exchange it was
agreed to issue shares in the Company to two Philippines partners, (the
"Partners").

 

A total of 40,000,000 new ordinary shares will therefore be issued to the
Partners (the "New Ordinary Shares").  Fifty per cent of the New Ordinary
Shares would be subject to lock-in restrictions until the first power
production and revenue on the first Philippines renewable energy project; and
the remaining fifty per cent subject to lock-in restrictions until the first
power production and revenue on the second Philippines renewable energy
project.

An application has been made to the London Stock Exchange for the New Ordinary
Shares, which will rank pari passu with the Company's existing ordinary
shares, to be admitted to AIM at 8.00 a.m. on  18 September 2023
("Admission").

 

Following Admission, the Company's total issued ordinary share capital will
consist of 2,866,858,784 Ordinary Shares with one voting right per share. The
Company does not hold any Ordinary Shares in treasury. Accordingly, the total
number of voting rights in the Company is 2,866,858,784.

 

The above figure of 2,866,858,784 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 Coro Energy plc                               Via Vigo Consulting Ltd

 James Parsons, Executive Chairman

 Ewen Ainsworth, Chief Financial Officer

 Cavendish Securities plc (Nominated Adviser)  Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes

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

 Patrick d'Ancona

 Finlay Thomson

 WH Ireland (Broker)                             Tel: 44 (0)20 7220 1670 / 44 (0)113 946 618

 Harry Ansell

 Katy Mitchell

 Gneiss Energy Limited (Financial Advisor)       Tel: 44 (0)20 3983 9263

 Jon Fitzpatrick

 Doug Rycroft

 

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