26 April 2018
Coro Energy Plc
("Coro" or the "Company")
Continental Distribution - Director/PDMR Shareholding
The Company announces that it has been notified by Continental Investment Partners S.A. ("Continental"), a person closely associated with Marco Fumagalli, a Non-Executive Director of the Company, that Metano Capital S.A. ("Metano"), a 100% subsidiary of Continental, has today, as part of a broader restructuring of its business, distributed 8,523,214 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") from its existing shareholding in the Company, directly to Continental investors as a distribution in kind for no consideration (the "Continental Distribution").
Marco Fumagalli, is Managing Partner of, and holds a 25 per cent. interest in Continental. Following the Continental Distribution, Continental and its affiliates Metano and Greenberry plc, remain interested in a total of 3,817,065 Ordinary Shares, representing 0.53% of the Issued Ordinary Share capital of the Company.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please contact:
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Coro Energy plc Sara Edmonson, Chief Executive Officer James Parsons, Non-Executive Chairman |
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Grant Thornton UK LLP (Financial and Nominated Adviser) Colin Aaronson Jen Clarke Harrison J Clarke |
Tel: +44 (0)20 383 5100 |
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Turner Pope Investments (TPI) Ltd (Broker) Ben Turner James Pope |
Tel: +44 (0)20 3621 4120 |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Metano Capital S.A. |
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2 |
Reason for the notification |
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a) |
Position/status |
Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Marco Fumagalli, a PDMR of Coro Energy plc |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Coro Energy Plc |
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b) |
LEI |
2138004JXMD9YXLMKS49 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 0.1 pence each |
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Identification code |
GB00BDCFP425 |
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b) |
Nature of the transaction |
Distribution of ordinary shares |
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c) |
Price(s) and volume(s) |
8,523,214 shares at 4.38 pence each |
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d) |
Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e) |
Date of the transaction |
26/04/2018 |
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f) |
Place of the transaction |
London Stock Exchange's AIM Market |
This information is provided by RNS