Result of AGM

Coro Energy PLC

20 June 2023

 

20 June 2023

Coro Energy Plc

("Coro" or the "Company")

Results of Annual General Meeting

Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, advises that it held its Annual General Meeting ("AGM") earlier today.

The resolutions put to the AGM were voted on by way of a poll and the results are as follows:

Resolutions	For	%	Against	%	Withheld
1	598,562,932	82.79	124,402,175	17.21	218,819
2	598,316,160	82.76	124,648,947	17.24	218,819
3	598,157,467	82.74	124,807,640	17.26	218,819
4	577,527,364	79.98	144,544,362	20.02	1,112,200
5	442,946,544	61.27	279,989,354	38.73	248,028
6	443,333,212	61.32	279,602,686	38.68	248,028
7	442,746,544	61.24	280,189,354	38.76	248,028

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

Resolutions  1-5 of the resolutions put to the meeting passed.  

Resolution 6, which was to give the Directors power to issue shares in connection with an election by a debt holder to convert interest payments into shares in respect of the Company's Luxembourg listed EUR 22.5m 10.0% secured notes , has not passed and therefore the Company will not be in a position to issue further shares in lieu of interest payments for the notes. Resolution 7, which was to give the Directors power to issue shares on a non-pre-emptive basis, has also not passed.

James Parsons, Executive Chairman of Coro Energy, commented:

"We appreciate the ongoing support of our shareholders, particularly as we approach such a critical time for the business with the long awaited GSA and potential Duyung farm out / sale.  We remain excited about the opportunities that lie before us and look forward to updating shareholders on our progress."

For further information please contact:

Coro Energy plc James Parsons, Executive Chairman Ewen Ainsworth, Chief Financial Officer	Via Vigo Consulting Ltd
Cenkos Securities plc (Nominated Adviser) Adrian Hadden Ben Jeynes Katy Birkin	Tel: [phone]
Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Charlie Neish	Tel: [phone]
WH Ireland (Broker) Harry Ansell Katy Mitchell	Tel: [phone]
Gneiss Energy Limited (Financial Advisor) Jon Fitzpatrick Doug Rycroft	Tel: [phone]

 

END