REG - Coro Energy PLC - Result of AGM

Coro EnergyAnnouncement

20/06/2023 14:30

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RNS Number : 3365D  Coro Energy PLC  20 June 2023

 

20 June 2023

Coro Energy Plc

("Coro" or the "Company")

 

Results of Annual General Meeting

 

Coro Energy Plc, the South East Asian energy company with a natural gas and
clean energy portfolio, advises that it held its Annual General Meeting
("AGM") earlier today.

The resolutions put to the AGM were voted on by way of a poll and the results
are as follows:

 Resolutions  For          %      Against      %      Withheld
 1            598,562,932  82.79  124,402,175  17.21  218,819
 2            598,316,160  82.76  124,648,947  17.24  218,819
 3            598,157,467  82.74  124,807,640  17.26  218,819
 4            577,527,364  79.98  144,544,362  20.02  1,112,200
 5            442,946,544  61.27  279,989,354  38.73  248,028
 6            443,333,212  61.32  279,602,686  38.68  248,028
 7            442,746,544  61.24  280,189,354  38.76  248,028

 

 

A "Vote withheld" is not a vote in law and is not counted in the calculation
of the percentage of shares voted "For" or "Against" any resolution.

 

Resolutions  1-5 of the resolutions put to the meeting passed.

Resolution 6, which was to give the Directors power to issue shares in
connection with an election by a debt holder to convert interest payments into
shares in respect of the Company's Luxembourg listed EUR 22.5m 10.0% secured
notes , has not passed and therefore the Company will not be in a position to
issue further shares in lieu of interest payments for the notes. Resolution 7,
which was to give the Directors power to issue shares on a non-pre-emptive
basis, has also not passed.

James Parsons, Executive Chairman of Coro Energy, commented:

"We appreciate the ongoing support of our shareholders, particularly as we
approach such a critical time for the business with the long awaited GSA and
potential Duyung farm out / sale.  We remain excited about the opportunities
that lie before us and look forward to updating shareholders on our progress."

 

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

 Adrian Hadden

 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

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

Jon Fitzpatrick

Doug Rycroft

 

 

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