Results of General Meeting

Coro Energy PLC

22 January 2026

 

22 January 2026

Coro Energy plc

("Coro" or the "Company")

Results of General Meeting

Share Capital Reorganisation

Placing

Director / PDMR Dealings

Total Voting Rights

Coro Energy Plc, the South East Asian renewable energy developer, advises that the Company held its General Meeting ("GM") meeting earlier today at which all the resolutions were duly passed.

Unless otherwise defined herein, defined terms used in this announcement have the same meaning as those set out in the Company's announcement released at 7.00 a.m. on 22 December 2025.

Results of General Meeting

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

Resolution	For	%	Against	%	Withheld Votes
1	422,215,278	99.34%	2,797,147	0.66%	104,384
2	422,083,540	99.31%	2,928,885	0.69%	104,384
3	422,076,064	99.31%	2,936,361	0.69%	104,384

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.

Share Capital Reorganisation

As a result of the Resolutions having been passed, shareholders have now approved the Share Capital Reorganisation. At the record date of 6.00 p.m. 22 January 2026, every 10 Existing Ordinary Shares will be consolidated into one Consolidated Share. Subsequently, each Consolidated Share will be subdivided into one New Ordinary Share and one Deferred Share. The New Ordinary Shares created upon implementation of the Share Capital Reorganisation will have the same rights as Existing Ordinary Shares including voting, dividend and other rights. The ISIN code for the New Ordinary Shares is GB00BPSRYZ03 and the SEDOL number is BPSRYZ0 which will come into effect at 8.00 a.m. on 23 January 2026.

Placing

Following the announcements on 22 December 2025 and the passing of the Resolutions, the Company confirms that 25,000,000 New Ordinary Shares will be issued at the Placing Price pursuant to the Placing.

The Placing has raised gross proceeds of £1 million and the Placing Shares will represent approximately 23.27% of the enlarged issued share capital following Admission.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

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

Director / PDMR Dealings

Tom Richardson, Non Executive Chair, purchased 625,000 Placing Shares pursuant to the Placing.

Following the transaction Mr Richardson is interested in 1,852,106 New Ordinary Shares, representing 1.72% per cent of the enlarged issued share capital of the Company.

The subscription by Tom Richardson is a "related party transaction" for the purposes of Rule 13 of the AIM Rules for Companies.  As announced on 22 December 2025, the sole independent Director, being Harry Beamish, considers, having consulted with the Company's nominated adviser, that the terms of Tom Richardson's participation in the Placing are fair and reasonable insofar as the shareholders of the Company are concerned.

Admission and Total Voting Rights

Application has been made for the New Ordinary Shares and the Placing Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8:00 a.m. on 23 January 2026.

The Company's enlarged issued share capital following Admission will be 107,418,442. 

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following Admission, its issued Ordinary Share capital will comprise 107,418,442 New Ordinary Shares.  All of the New Ordinary Shares have equal voting rights and none of the New Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 107,418,442. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For further information please contact:

Coro Energy plc	Via Vigo Consulting Ltd
Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes	Tel: [phone]
Tennyson Securities (Nominated Broker) Peter Krens	Tel: [phone]
Vigo Consulting (IR/PR Advisor) Patrick d'Ancona	Tel: [phone]

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Tom Richardson
2.	Reason for the notification
a.	Position/status	Non-Executive Chair
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Coro Energy Plc
b.	LEI	2138004JXMD9YXLMKS49
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
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary Shares of GBP 1p per share par value GB00BPSRYZ03
b.	Nature of the transaction	Issue of Ordinary Shares following Placing
c.	Price(s) and volume(s)	Price(s) Volume(s) 4p 625,000
d.	Aggregated information ·Aggregated volume ·Price	N/A - single transaction
e.	Date of the transaction	23 January 2026
f.	Place of the transaction	Outside of a trading venue

 

END