Result of WRAP Retail Offer
Coro Energy raised £1.678m gross via placing and retail offer, issuing 335.6m new shares.
- Gross proceeds raised £1.678m
- WRAP Retail Offer proceeds £32,415.19
- Placing Shares issued 329,089,000
- WRAP Retail Offer Shares issued 6,483,038
- Total Ordinary Shares post-Admission 816,233,327
Select text to share a quote on X · sign in to keep highlights & notes in your CORO notes
Coro Energy is pleased to confirm, further to the announcements made on 25 July 2025, the result of the WRAP Retail Offer. The Company announces that it has conditionally raised aggregate gross proceeds of approximately £32,415.19 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 6,483,038 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In addition to the WRAP Retail Offer and as announced on 25 July and 28 July 2025, the Company has also raised further funds through a placing of new Ordinary Shares (the "Placing Shares"). A separate announcement regarding the Placing was made by the Company on 25 July 2025 regarding its terms and set out the reasons for the Placing and use of proceeds. The results of the Placing were announced on 28 July 2025. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing.
In total, the Placing and the WRAP Retail Offer have conditionally raised gross proceeds of approximately £1.678 million for the Company, via the Placing of 329,089,000 Placing Shares and 6,483,038 WRAP Retail Offer Shares.
The WRAP Retail Offer is also conditional, inter alia, on the shareholder resolution being passed at the general meeting of the Company (due to be held on 14 August 2025) and the Placing Shares and the WRAP Retail Offer Shares being admitted to trading on AIM ("Admission").
Admission and Total Voting Rights
It is anticipated that Admission will become effective and that dealings in the Placing Shares and the WRAP Retail Offer 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.
The Company's LEI is 2138004JXMD9YXLMKS49.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.