RNS Number : 3068M
Coro Energy PLC
26 April 2018
 

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:

 



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

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Metano Capital S.A.

2

 

Reason for the notification

 

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

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Coro Energy Plc

b)

 

LEI

 

 

2138004JXMD9YXLMKS49

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

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of  0.1 pence each



Identification code

GB00BDCFP425



b)

 

Nature of the transaction

 

 

Distribution of ordinary shares

c)

 

Price(s) and volume(s)

8,523,214 shares at 4.38 pence each

d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

 

 

26/04/2018

f)

 

Place of the transaction

 

 

London Stock Exchange's AIM Market

 

 


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