Business
Results of GM, Issue of Equity & Director Dealings
Results of GM, Issue of Equity & Director Dealings.
About this update from Coro Energy Plc
[{"type":"text","content":"\n\n14 August 2025\n \n \nCoro Energy Plc\n(\"Coro\" or the \"Company\")\n \nResults of General Meeting, Issue of Equity\n \nDirector / PDMR Dealings\n \nCoro Energy Plc, the South East Asian renewable energy developer, advises that the Company held its General Meeting (\"GM\") earlier today at which all resolutions were duly passed.\n \nUnless otherwise defined herein, the defined terms used in this announcement have the same meaning as prescribed in the Company's announcement released on 25 July 2025.\n \nGeneral Meeting\n \nThe resolutions put to the GM were voted on by way of a show of hands and the results are as follows:\n \n\n\n\n\nResolution\n\n\nFor\n\n\n%\n\n\nAgainst\n\n\n%\n\n\nWithheld*\n\n\n\n\n1\n\n\n170,855,683\n\n\n99.23\n\n\n1,321,426\n\n\n0.77\n\n\n17,004\n\n\n\n\n2\n\n\n170,855,663\n\n\n99.23\n\n\n1,321,446\n\n\n0.77\n\n\n17,004\n\n\n\n\n \n* Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.\n \nEquity Fundraising\n \nThe Company announced, on 25 July 2025 a Fundraising by way of a Placing and WRAP Retail Offer, conditional on resolutions to grant the relevant authorities to issue the New Shares being duly passed at the General Meeting and the New Shares being admitted to AIM. Further to the resolutions to grant the relevant authorities to issue New Shares being passed at the GM, the Company confirms that it has, conditional on Admission, raised gross proceeds of approximately £1.678 million, comprising:\n· the Placing which will raise gross proceeds of approximately £1.64 million through the issue of 329,089,000 Placing Shares at the Issue Price; and\n· the WRAP Retail Offer which will raise gross proceeds of approximately £32,415.19 through the issue of 6,483,038 WRAP Retail Offer Shares at the Issue Price.\nAdmission and Total Voting Rights\n \nApplication has been made to London Stock Exchange for the New Shares to be admitted to trading on AIM. It is currently expected that Admission will become effective and that dealings in the New Shares will commence at 8.00 a.m. on 15 August 2025.\n \nUpon Admission, the Company's issued ordinary share capital will consist of 816,233,327 Ordinary Shares with on...