Business
Results of General Meeting
Coro Energy Plc announced that all resolutions were passed at its General Meeting, approving a share capital reorganisation where ten existing ordinary shares will consolidate into one, followed by a subdivision into one new ordinary share and one deferred share, effective January 23, 2026. The company also confirmed a placing of 25,000,000 new ordinary shares, raising £1 million in gross proceeds, which will represent approximately 23.27% of the enlarged issued share capital. Non-Executive Chair Tom Richardson purchased 625,000 placing shares at 4p each, increasing his holding to 1.72% of the enlarged share capital. Admission of the new and placing shares to AIM is expected on January 23, 2026, at which point the total voting rights will be 107,418,442. Disclaimer*
About this update from Coro Energy Plc
[{"type":"text","content":"\n\n \n22 January 2026\nCoro Energy plc\n(\"Coro\" or the \"Company\")\n \nResults of General Meeting\nShare Capital Reorganisation\nPlacing\nDirector / PDMR Dealings\nTotal Voting Rights\n \n \n\nCoro 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.\n \nUnless 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.\n \n \nResults of General Meeting\n \nThe resolutions put to the GM were voted on by way of a poll and the results are as follows:\n\n\n\n\nResolution\n\n\nFor\n\n\n%\n\n\nAgainst\n\n\n%\n\n\nWithheld Votes\n\n\n\n\n1\n\n\n422,215,278\n\n\n99.34%\n\n\n2,797,147\n\n\n0.66%\n\n\n104,384\n\n\n\n\n2\n\n\n422,083,540\n\n\n99.31%\n\n\n2,928,885\n\n\n0.69%\n\n\n104,384\n\n\n\n\n3\n\n\n422,076,064\n\n\n99.31%\n\n\n2,936,361\n\n\n0.69%\n\n\n104,384\n\n\n\n\n \nA \"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.\n \n \nShare Capital Reorganisation\n \nAs 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.\n \nPlacing\n \nFollowing 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.\n \nThe Placing has raised gross proceeds of £1 million and the Placing Shares will represent approximately 23.27% of the enlarged issued share capi...