Saffron Energy PLC Result of General Meeting (4332J)
29 Marzo 2018 - 1:35PM
UK Regulatory
TIDMSRON
RNS Number : 4332J
Saffron Energy PLC
29 March 2018
29 March 2018
Saffron Energy plc
("Saffron" or the "Company")
Result of General Meeting
Saffron, the pan Euro Asian gas explorer to be renamed Coro
Energy plc, announces that the resolutions proposed at the General
Meeting held earlier today were duly passed.
As a result of Shareholders passing the resolutions, the Company
can now complete the acquisition of Sound Energy Holdings Italy
Limited, as described in the Supplementary AIM Admission Document
published on 7 March 2018 and to complete the placing of GBP14
million before expenses originally announced on 22 January
2018.
The Company will now award the warrants and options described in
the Supplementary AIM Admission Document along with the 25 million
options to Chief Executive elect, James Menzies, as announced on 22
March 2018.
The Company looks forward to being re-admitted to AIM on 9 April
2018 under its new name of Coro Energy plc with an issued share
capital of 716,809,735 Ordinary Shares and an anticipated opening
market capitalisation of GBP31.4 million.
Further information may be found within the Company's
Supplementary AIM Admission Document which can be found on its
website www.saffronenergy.co.uk.
At the General Meeting, the Company gave a presentation on its
South-East Asian strategy, a copy of which will be available on the
Company's website.
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:
Saffron Energy plc / Coro Energy plc
s.edmonson@coroenergyplc.com
Sara Edmonson, Chief Executive Officer
j.parsons@coroenergyplc.com
James Parsons, Non-Executive Chairman
Grant Thornton UK LLP (Financial and Tel: +44 (0)20 383 5100
Nominated Adviser)
Colin Aaronson
Jen Clarke
Harrison J Clarke
Turner Pope Investments (TPI) Ltd Tel: +44 (0)20 3621 4120
(Broker)
info@turnerpope.com
Ben Turner
James Pope
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 29, 2018 07:35 ET (11:35 GMT)
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