REG - Coro Energy PLC - Results of General Meeting

Coro EnergyAnnouncement

22/01/2026 16:00

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RNS Number : 0265Q  Coro Energy PLC  22 January 2026

 

22 January 2026

Coro Energy plc

("Coro" or the "Company")

 

Results of General Meeting

Share Capital Reorganisation

Placing

Director / PDMR Dealings

Total Voting Rights

 

 

Coro Energy Plc, the South East Asian renewable energy developer, advises that
the Company held its General Meeting ("GM") meeting earlier today at which all
the resolutions were duly passed.

 

Unless otherwise defined herein, defined terms used in this announcement have
the same meaning as those set out in the Company's announcement released at
7.00 a.m. on 22 December 2025.

 

 

Results of General Meeting

 

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

 Resolution  For          %       Against    %      Withheld Votes
 1           422,215,278  99.34%  2,797,147  0.66%  104,384
 2           422,083,540  99.31%  2,928,885  0.69%  104,384
 3           422,076,064  99.31%  2,936,361  0.69%  104,384

 

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.

 

 

Share Capital Reorganisation

 

As a result of the Resolutions having been passed, shareholders have now
approved the Share Capital Reorganisation. At the record date of 6.00 p.m. 22
January 2026, every 10 Existing Ordinary Shares will be consolidated into one
Consolidated Share. Subsequently, each Consolidated Share will be subdivided
into one New Ordinary Share and one Deferred Share. The New Ordinary Shares
created upon implementation of the Share Capital Reorganisation will have the
same rights as Existing Ordinary Shares including voting, dividend and other
rights. The ISIN code for the New Ordinary Shares is GB00BPSRYZ03 and the
SEDOL number is BPSRYZ0 which will come into effect at 8.00 a.m. on 23 January
2026.

 

Placing

 

Following the announcements on 22 December 2025 and the passing of the
Resolutions, the Company confirms that 25,000,000 New Ordinary Shares will be
issued at the Placing Price pursuant to the Placing.

 

The Placing has raised gross proceeds of £1 million and the Placing Shares
will represent approximately 23.27% of the enlarged issued share capital
following Admission.

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 Share Capital Reorganisation Record Date                                      6.00 p.m. on 22 January 2026

 Admission and commencement of dealings of the New Ordinary Shares (following  8.00 a.m. on 23 January 2026
 completion of the Share Capital Reorganisation) and the Placing Shares to

 trading on AIM and credited to CREST stock accounts

 Dispatch of definitive share certificates for the New Ordinary Shares         Week commencing 2 February 2026
 (following completion of the Share Capital Reorganisation) and the Placing
 Shares

 

 

Director / PDMR Dealings

 

Tom Richardson, Non Executive Chair, purchased 625,000 Placing Shares pursuant
to the Placing.

 

Following the transaction Mr Richardson is interested in 1,852,106 New
Ordinary Shares, representing 1.72% per cent of the enlarged issued share
capital of the Company.

 

The subscription by Tom Richardson is a "related party transaction" for the
purposes of Rule 13 of the AIM Rules for Companies.  As announced on 22
December 2025, the sole independent Director, being Harry Beamish, considers,
having consulted with the Company's nominated adviser, that the terms of Tom
Richardson's participation in the Placing are fair and reasonable insofar as
the shareholders of the Company are concerned.

 

 

Admission and Total Voting Rights

 

Application has been made for the New Ordinary Shares and the Placing Shares
to be admitted to trading on AIM. It is expected that Admission will become
effective at 8:00 a.m. on 23 January 2026.

The Company's enlarged issued share capital following Admission will be
107,418,442.

 

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
Admission, its issued Ordinary Share capital will comprise 107,418,442 New
Ordinary Shares.  All of the New Ordinary Shares have equal voting rights and
none of the New Ordinary Shares are held in Treasury. The total number of
voting rights in the Company will therefore be 107,418,442. 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

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

 Adrian Hadden

 Ben Jeynes

 Tennyson Securities (Nominated Broker)                 Tel: 44 (0)20 4530 9239

 Peter Krens

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

 Patrick d'Ancona

 

 1.                    Details of the person discharging managerial responsibilities / person closely
                       associated
 a.                    Name                                           Tom Richardson
 2.                    Reason for the notification
 a.                    Position/status                                Non-Executive Chair
 b.                    Initial notification/Amendment                 Initial Notification
 3.                    Details of the issuer, emission allowance market participant, auction
                       platform, auctioneer or auction monitor
 a.                    Name                                           Coro Energy Plc
 b.                    LEI                                            2138004JXMD9YXLMKS49
 4.                    Details of the transaction(s): section to be repeated for (i) each type of
                       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                       place where transactions have been conducted
 a.                    Description of the Financial instrument, type  Ordinary Shares of GBP 1p per share par value

                       of instrument

                       Identification code

                                                                      GB00BPSRYZ03
 b.                    Nature of the transaction                      Issue of Ordinary Shares following Placing
 c.                    Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      4p        625,000

 
 d.                    Aggregated information

                       ·Aggregated volume                             N/A - single transaction

                       ·Price

 e.                    Date of the transaction                        23 January 2026
 f.                    Place of the transaction                       Outside of a trading venue

 

d.

Aggregated information

·Aggregated volume

·Price

 

 

N/A - single transaction

e.

Date of the transaction

23 January 2026

f.

Place of the transaction

Outside of a trading venue

 

 

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