Coro Energy plc ("Coro" or the "Company"), the South East Asian energy company with a natural gas and clean energy portfolio, announces that further to the announcement made on 10 January 2025 regarding the WRAP Retail Offer launch, the Company is extending the time for existing retail shareholders to participate in the WRAP Retail Offer as well as increasing the maximum amount to £125,000.00. The Company would like to thank those retail shareholders who have, by participating in this WRAP Retail Offer, demonstrated continued support for the Company.
Under the increased WRAP Retail Offer up to 83,333,334 New Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 1.5 pence per New Ordinary Share.
Under the revised timetable, the WRAP Retail Offer will now close on 3 February at 4:30pm. As per the announcement made on 15 January 2025, the General Meeting to grant authority for the issue of the Retail Offer Shares will be held on 5 February 2025 at 9.00 a.m. at Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT.
A Shareholder Circular (containing a notice convening the General Meeting) has been posted to shareholders and is available on the Company's website https://www.coroenergyplc.com with proposals in relation to the equity fundraising, a share capital reorganisation and the deemed redemption of part of the Company's existing secured listed bonds with the balance being converted into equity ("the Recapitalisation").
Retail brokers wishing to participate in the WRAP Retail Offer on behalf of existing retail shareholders should contact wrap@winterflood.com. Existing shareholders can contact their broker or wealth manager to participate in the WRAP Retail Offer.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 07.00am on 10 January 2025.