Issue of Equity
Coro Energy Plc has issued 1,110,000 new ordinary shares at 4 pence each to a creditor in lieu of cash payments for services rendered, with admission to AIM expected around April 16, 2026. Following this issuance, the company's total number of ordinary shares in issue will increase to 108,528,442, which will be used by shareholders for notification calculations regarding their interests in the company's share capital.
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Coro Energy Plc, the South East Asian renewable energy developer, announces it has issued shares to a creditor in lieu of cash payments.
Accordingly, 1,110,000 new ordinary shares of 1 pence each have been issued in lieu of cash for services provided at a price of 4 pence per new Ordinary Share, being the closing market price of the Company's stock on 9 April 2026 (the "Creditor Shares").
Admission and Total Voting Rights
Application has been made for the Creditor Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and dealings will commence at 8.00 a.m. on or around 16 April 2026. The Creditor Shares will rank pari passu with the ordinary shares of the Company in issue.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 108,528,442 with voting rights. This figure may be used by shareholders 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's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.