Business
Issue of Shares & Total Voting Rights
Issue of Shares & Total Voting Rights.
About this update from Coro Energy Plc
[{"type":"text","content":"\n\n12 September 2023\n \nCoro Energy Plc\n(\"Coro\" or the \"Company\" and together with its subsidiaries the \"Group\")\n \nISSUE OF SHARES\n \nTOTAL VOTING RIGHTS\n \nCoro 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\").\n \nA 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.\nAn 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\").\n \nFollowing 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.\n \nThe 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.\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nFor further information please contact:\n\n\n\nCoro Energy plc\nJames Parsons, Executive Chairman\nEwen Ainsworth, Chief Financial Officer\n \n \n\n\nVia Vigo Consulting Ltd\n \n \n\n\n\n\nCavendish Securities plc (Nominated Adviser)\nAdrian Hadden\nBen Jeynes\n \n \n\n\nTel: 44 (0)20 7220 0500\n\n\n\n\nVigo Consulting (IR/PR Advisor)\nPatrick d'Ancona\nFinlay Thomson\n \n\n\nTel: 44 (0)20 7390 0230\n\n\n\n\...