14 August 2025
Coro Energy Plc
("Coro" or the "Company")
Results of General Meeting, Issue of Equity
Director / PDMR Dealings
Coro Energy Plc, the South East Asian renewable energy developer, advises that the Company held its General Meeting ("GM") earlier today at which all resolutions were duly passed.
Unless otherwise defined herein, the defined terms used in this announcement have the same meaning as prescribed in the Company's announcement released on 25 July 2025.
General Meeting
The resolutions put to the GM were voted on by way of a show of hands and the results are as follows:
| Resolution | For | % | Against | % | Withheld* |
| 1 | 170,855,683 | 99.23 | 1,321,426 | 0.77 | 17,004 |
| 2 | 170,855,663 | 99.23 | 1,321,446 | 0.77 | 17,004 |
* Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
Equity Fundraising
The Company announced, on 25 July 2025 a Fundraising by way of a Placing and WRAP Retail Offer, conditional on resolutions to grant the relevant authorities to issue the New Shares being duly passed at the General Meeting and the New Shares being admitted to AIM. Further to the resolutions to grant the relevant authorities to issue New Shares being passed at the GM, the Company confirms that it has, conditional on Admission, raised gross proceeds of approximately £1.678 million, comprising:
· the Placing which will raise gross proceeds of approximately £1.64 million through the issue of 329,089,000 Placing Shares at the Issue Price; and
· the WRAP Retail Offer which will raise gross proceeds of approximately £32,415.19 through the issue of 6,483,038 WRAP Retail Offer Shares at the Issue Price.
Admission and Total Voting Rights
Application has been made to London Stock Exchange for the New Shares to be admitted to trading on AIM. It is currently expected that Admission will become effective and that dealings in the New Shares will commence at 8.00 a.m. on 15 August 2025.
Upon Admission, the Company's issued ordinary share capital will consist of 816,233,327 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in Treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 816,233,327. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Director / PDMR Dealings
As previously announced, Tom Richardson, Non-Executive Chairman of the Company, subscribed for 5,000,000 Placing Shares and, as a result, Mr. Richardson is now interested in a total of 12,271,065 Ordinary Shares, representing 1.47% per cent of the enlarged issued share capital of the Company. The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.
For further information please contact:
| Coro Energy plc
| Via Vigo Consulting Ltd
|
| Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes | Tel: 44 (0)20 7220 0500 |
| Hybridan LLP (Nominated Broker) Claire Louise Noyce
| Tel: 44 (0)20 3764 2341
|
| Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Finlay Thomson
| Tel: 44 (0)20 7390 0230 |
Further information on the Company can be found on its website at www.coroenergyplc.com
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Tom Richardson
| ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Non-Executive Chair
| ||||
| 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 Identification code | Ordinary Shares of GBP0.005 per share par value
GB00BS457501
| ||||
| b. | Nature of the transaction | Issue of Ordinary Shares following subscribing for Placing Shares pursuant to the Placing
| ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information ·Aggregated volume ·Price
|
N/A - single transaction | ||||
| e. | Date of the transaction | 15 August 2025
| ||||
| f. | Place of the transaction | Outside of a trading venue
| ||||
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