Business
Results of the Placing
Coro Energy Plc has successfully completed a placing, raising gross proceeds of £1 million through the issuance of 25,000,000 placing shares at a specified price to institutional investors. This fundraising is conditional on shareholder approval and will see the new shares rank pari passu with existing ordinary shares. The company is a South East Asian renewable energy developer. Disclaimer*
About this update from Coro Energy Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS \"ANNOUNCEMENT\"), IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n22 December 2025\n \nCoro Energy Plc\n(\"Coro\" or the \"Company\") \nResults of the Placing\nCoro Energy Plc (\"Coro\" or the \"Company\"), the South East Asian renewable energy developer, is pleased to announce the successful completion of the Bookbuild announced on 22 December 2025, conditional inter alia on shareholder approval. The Placing has conditionally raised gross proceeds of £1 million. A total of 25,000,000 Placing Shares will be issued to existing and new institutional investors at the Placing Price pursuant to the Placing by Tennyson Securities (\"Tennyson\"), acting as broker to the Company. Please note that if the conditions are not met the Placing will not proceed.\nDefined terms used in this announcement have the same meaning as those set out in the Company's announcement released earlier today.\nThe Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the New Ordinary Shares of the Company, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue of the Placing Shares.\n \nFor further information please contact:\n \n\n\n\n\nCoro Energy plc\n \n \n\n\nVia Vigo Consu...