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7 February 2025
Coro Energy plc
("Coro" or the "Company")
Director / PDMR Dealings
Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, announces that following the purchase on 6 February 2025 by Tom Richardson, Non-Executive Chairman of the Company, of EUR 525,000 of the Company's Luxembourg listed EUR 22.5 million 10.0% secured notes ("Bonds"), the Bonds today converted into new ordinary shares in the Company ("Ordinary Shares").
As a result, Mr. Richardson is now interested in a total of 7,271,065 Ordinary Shares, representing 1.51% per cent of the enlarged issued share capital of the Company.
The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.
For further information please contact:
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Coro Energy plc |
Via Vigo Consulting Ltd
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Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes
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Tel: 44 (0)20 7220 0500 |
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Hybridan LLP (Nominated Broker) Claire Louise Noyce
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Tel: 44 (0)20 3764 2341 |
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Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Finlay Thomson
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Tel: 44 (0)20 7390 0230 |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Tom Richardson
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2. |
Reason for the notification |
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a. |
Position/status |
Non-Executive Chair
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b. |
Initial notification/Amendment |
Initial Notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Coro Energy Plc
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b. |
LEI |
2138004JXMD9YXLMKS49
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Ordinary Shares of GBP0.005 per share par value
GB00BS457501
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b. |
Nature of the transaction |
Issue of Ordinary Shares following conversion of Luxembourg listed 10.0% secured notes
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information ·Aggregated volume ·Price
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N/A - single transaction |
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e. |
Date of the transaction |
7 February 2025
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f. |
Place of the transaction |
Outside of a trading venue
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On 6 February 2025, Tom Richardson, Non-Executive Chairman of Coro Energy PLC, purchased EUR 525,000 of the company's EUR 22.5 million 10.0% secured notes. These notes converted into 7,271,065 new ordinary shares on 7 February 2025, resulting in Mr. Richardson holding 1.51% of Coro Energy PLC's enlarged issued share capital.
| Date | 7 Feb 2025 |
| Time | 13:50:00 |
| Category | Director/PDMR dealings |
| ID | 3923W |