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







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









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