RNS Number : 3365D
Coro Energy PLC
20 June 2023
 

 

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:

Resolutions

For

%

Against

%

Withheld

1

598,562,932

82.79

124,402,175

17.21

218,819

2

598,316,160

82.76

124,648,947

17.24

218,819

3

598,157,467

82.74

124,807,640

17.26

218,819

4

577,527,364

79.98

144,544,362

20.02

1,112,200

5

442,946,544

61.27

279,989,354

38.73

248,028

6

443,333,212

61.32

279,602,686

38.68

248,028

7

442,746,544

61.24

280,189,354

38.76

248,028

 

 

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."

 

For further information please contact:

Coro Energy plc

James Parsons, Executive Chairman

Ewen Ainsworth, Chief Financial Officer

 

 

Via Vigo Consulting Ltd

 

Cenkos Securities plc (Nominated Adviser)

Adrian Hadden

Ben Jeynes

Katy Birkin

 

 

Tel: 44 (0)20 7397 8900

Vigo Consulting (IR/PR Advisor)

Patrick d'Ancona

Charlie Neish

 

Tel: 44 (0)20 7390 0230

WH Ireland (Broker)

Harry Ansell

Katy Mitchell  

 

 

Tel: 44 (0)20 7220 1670 / 44 (0)113 946 618

Gneiss Energy Limited (Financial Advisor)

Jon Fitzpatrick
Doug Rycroft

 

Tel: 44 (0)20 3983 9263

 

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