Posting of Shareholder Circular and Notice of GM
Coro Energy PLC has announced the posting of a Shareholder Circular and Notice of General Meeting regarding proposals for a conditional £1 million placing, a share capital reorganisation, and authority to allot shares and disapply pre-emption rights. The General Meeting is scheduled for January 22, 2026, and the Directors unanimously recommend voting in favour of the resolutions, as the placing is conditional upon their approval. If approved, the share capital reorganisation is expected to take effect on January 23, 2026, with new ordinary shares admitted to trading.
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Coro Energy PLC, the South East Asian renewable energy developer, announces that further to the announcement on 22 December 2025, a Shareholder Circular (containing a notice convening a General Meeting of the Company) with proposals in relation to a conditional placing of £1m (before expenses), a share capital reorganisation, and authority to allot shares and disapply pre-emption rights, 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 22 January 2026 at 10.00 a.m. at Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT.
The Directors believe that the Placing will promote the success of the Company for the benefit of its shareholders as a whole. Accordingly, they unanimously recommend you to vote in favour of the resolutions to be proposed at the General Meeting. Shareholders are reminded that the Placing is conditional, amongst other things, on the passing of the resolutions to be proposed at the General Meeting. Should the resolutions not be passed, the Placing will not proceed.
Subject to, inter alia, the approval of shareholders at the General Meeting, the Share Capital Reorganisation is expected to take effect on Admission of the New Ordinary Shares at 8.00 a.m. on 23 January 2026.
The new ISIN for the New Ordinary Shares will be GB00BPSRYZ0. The Company's TIDM, CORO, will remain unchanged.
Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Company's announcement of 22 December 2025.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
| Latest time and date for receipt of Forms of Proxy, CREST and Proxymity voting instructions | 10:00 a.m. on 20 January 2026 |
| General Meeting | 10.00 a.m. on 22 January 2026 |
| Results of the General Meeting | 22 January 2026 |
| Share Capital Reorganisation Record Date | 6.00 p.m. on 22 January 2026 |
| Admission and commencement of dealings of the New Ordinary Shares (following completion of the Share Capital Reorganisation) and the Placing Shares to trading on AIM and credited to CREST stock accounts | 8.00 a.m. on 23 January 2026 |
| Dispatch of definitive share certificates for the New Ordinary Shares (following completion of the Share Capital Reorganisation) and the Placing Shares | Week commencing 2 February 2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.