27 August 2024
Coro Energy Plc
("Coro" or the "Company" and together with its subsidiaries the "Group")
Convertible Loan Update
Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces, further to the announcement on 15 August 2024, an amendment to the Convertible Loan Note agreement (the 'Original Agreement') entered into on 14 August 2024 between River Merchant Capital and Fenikso Limited.
The amendment was a correction to amend the Original Agreement to properly reflect the original intentions of the parties. The Original Agreement referred to the security covering the renewable business but did not correctly refer to the entity holding the Vietnam renewable assets, being Coro Clean Energy Limited. This has been corrected and an amendment to the Original Agreement has been signed between all parties. None of the other commercial terms of the agreement have changed.
For further information please contact:
| Coro Energy plc
| Via Vigo Consulting Ltd
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| Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes
| Tel: 44 (0)20 7220 0500 |
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| Hybridan LLP (Nominated Broker) Claire Louise Noyce | Tel: 44 (0)20 3764 2341
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| Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Finlay Thomson
| Tel: 44 (0)20 7390 0230 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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