Coro Energy PLC Notice of General Meeting
15 Gennaio 2025 - 5:35PM
RNS Regulatory News
RNS Number : 4851T
Coro Energy PLC
15 January 2025
15 January 2025
Coro Energy
Plc
("Coro"
or the "Company")
Notice of General
Meeting
Coro Energy Plc, the South East
Asian energy company with a natural gas and clean energy portfolio,
announces that further to the announcement
9 January 2025, a Shareholder Circular (containing a notice
convening a General Meeting of the Company) with proposals in
relation to an equity fundraising, a share capital reorganisation
and the deemed redemption of part of the Company's existing secured
listed bonds with the balance being converted into equity
("the Recapitalisation") is
available on the Company's website at https://www.coroenergyplc.com
and has been posted to shareholders today.
The General Meeting is to be held
on 5 February 2025 at 9.00 a.m. at
Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane,
London EC4R 3TT.
Should Shareholders not vote in
favour of the Shareholder Resolution set out in the notice of
General Meeting, the Board would not be able to proceed with the
Recapitalisation and the Company would be unable to repay the Bonds
on their due date. In these circumstances, in the absence of
substantial capital being provided to the Company in the short
term, the Board would likely seek to cancel the Company's admission
to trading on AIM and commence an orderly winding up of the
Company. In this event it is highly unlikely that
Shareholders would see any return on their current investment.
Capitalised terms used but not defined in this
announcement shall have the meaning given to them in the Company's
announcement of 9 January 2025.
EXPECTED
TIMETABLE OF PRINCIPAL EVENTS
|
Retail Offer closes
|
24 January
2025
|
|
Latest time for receipt of proxy
votes for the General Meeting
|
|
9.00 a.m.
on 3 February 2025
|
|
|
Latest time for receipt of
electronic voting instructions for the Bondholder
Meetings
|
|
10.00 a.m.
or 10.15 a.m. on 3 February 2025
|
|
|
Bondholder meetings
|
10.00 a.m.
or 10.15 a.m. on 5 February 2025
|
|
General Meeting
|
9.00 a.m.
on 5 February 2025
|
|
Share Capital Reorganisation Record
Date
|
6.00 p.m.
on 6 February 2025
|
|
Admission and commencement of
dealings of the New Ordinary Shares (following completion of the
Share Capital Reorganisation), the Subscription Shares, the Retail
Offer Shares and the Bond Conversion Shares credited to CREST stock
accounts
|
8.00 a.m.
on 7 February 2025
|
|
Dispatch of definitive share
certificates for the New Ordinary Shares (following completion of
the Share Capital Reorganisation), the Subscription Shares, the
Retail Offer Shares and the Bond Conversion Shares
|
Week
commencing 17 February 2025
|
For
further information please contact:
|
Coro Energy plc
|
Via Vigo Consulting Ltd
|
|
Cavendish Capital Markets (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
|
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END
NOGBAMFTMTJBBIA
Grafico Azioni Coro Energy (LSE:CORO)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Coro Energy (LSE:CORO)
Storico
Da Gen 2024 a Gen 2025
