20th Jun 2023 14:16
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: 44 (0)20 7397 8900 |
Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Charlie Neish
| Tel: 44 (0)20 7390 0230 |
WH Ireland (Broker) Harry Ansell Katy Mitchell
| Tel: 44 (0)20 7220 1670 / 44 (0)113 946 618 |
Gneiss Energy Limited (Financial Advisor) Jon FitzpatrickDoug Rycroft
| Tel: 44 (0)20 3983 9263 |
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Coro Energy