Result of AGM

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:

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."

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