RNS Number : 7770I
Saffron Energy PLC
23 March 2018
 

23 March 2018

 

 

Saffron Energy plc

 

("Saffron" or the "Company")

 

Po Valley Energy Limited publishes Prospectus and Notice of General Meeting

 

Saffron, the pan Euro Asian gas explorer to be renamed Coro Energy plc, announces that Po Valley Energy Limited ("PVE") has published a prospectus and notice of general meeting in relation to its proposed capital reduction as referred to in the Company's Supplementary AIM Admission Document published on 7 March 2018. PVE currently holds 100 million Saffron ordinary shares of 0.1 pence each ("Saffron Shares") and proposes to distribute 80 million Saffron Shares to shareholders of PVE by way of a capital reduction (the "Capital Reduction"). The Capital Reduction is conditional on shareholder approval by PVE shareholders at the PVE General Meeting to be held on 23 April 2018.

 

Shareholders can view the PVE prospectus and notice of general meeting at https://www.asx.com.au/asx/share-price-research/company/PVE 

 

For further information please contact:

 



Saffron Energy plc / Coro Energy plc

 

Sara Edmonson, Chief Executive Officer

 

James Parsons, Non-Executive Chairman

 

 

s.edmonson@coroenergyplc.com

 

j.parsons@coroenergyplc.com

 



Grant Thornton UK LLP (Financial and Nominated Adviser)

 

Colin Aaronson

 

Jen Clarke

 

Harrison J Clarke

 

 

Tel: 44 (0)20 383 5100

Turner Pope Investments (TPI) Ltd (Broker)

 

Ben Turner

 

James Pope

Tel: 44 (0)20 3621 4120

 

info@turnerpope.com

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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