RNS Number : 3365DCoro Energy PLC20 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: 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 Fitzpatrick
Doug Rycroft

Tel: 44 (0)20 3983 9263
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