Coro Energy PLC Issue of Shares & Total Voting Rights (2212M)

TIDMCORO

RNS Number : 2212M

Coro Energy PLC

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 t he 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         Tel: 44 (0)20 7220 0500 
  Adviser) 
  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 
  Harry Ansell                                (0)113 946 618 
  Katy Mitchell 
 
 Gneiss Energy Limited (Financial Advisor)   Tel: 44 (0)20 3983 9263 
  Jon Fitzpatrick 
  Doug Rycroft

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September 12, 2023 12:45 ET (16:45 GMT)

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