Coro Energy PLC Director/PDMR Shareholdings (3503K)

TIDMCORO

RNS Number : 3503K

Coro Energy PLC

10 April 2018

10 April 2018

Coro Energy plc

("Coro Energy" or the "Company")

Director/PDMR Shareholdings

Coro Energy plc, formerly Saffron Energy plc, the pan Euro-Asian gas explorer, announces that further to the issue of 185,907,500 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to Sound Energy plc shareholders, James Parsons, Chairman of Coro Energy, has today received 584,150 Ordinary Shares. James Parsons' resultant holding in the Company is now 584,150 Ordinary Shares, equal to 0.08 per cent. of the issued share capital of the Company.

Continental Investment Partners S.A. ("Continental"), a person closely associated with Marco Fumagalli, a Non-Executive Director of the Company, has today also received 12,336,561 Ordinary Shares. Marco Fumagalli is Managing Partner of, and holds a 25 per cent. interest in Continental and as a result of the issue of shares to Continental, Continental's holding in the Company is now 12,336,561 Ordinary Shares, equal to 1.72 per cent. of the issued share capital of the Company.

 
 
 Saffron Energy plc / Coro 
  Energy plc                             [e-mail] 
 
  Sara Edmonson, Chief Executive          [e-mail] 
  Officer 
 
  James Parsons, Non-Executive 
  Chairman 
 
 Grant Thornton UK LLP (Financial                  Tel: [phone] 
  and Nominated Adviser)                                         5100 
  Colin Aaronson/Jen Clarke/Harrison 
  J Clarke 
 Turner Pope Investments (TPI)                    Tel: [phone] 
  Ltd (Broker)                                                   4120 
 
  Ben Turner/James Pope                           [e-mail] 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 
 1    Details of the person discharging 
       managerial responsibilities / person 
       closely associated 
---  ----------------------------------------------- 
 a)   Name                   James Parsons 
---  ---------------------  ------------------------ 
 2    Reason for the notification 
---  ----------------------------------------------- 
 a)   Position/status        Chairman 
---  ---------------------  ------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
---  ---------------------  ------------------------ 
 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            Ordinary shares of 0.1 
       of the financial       pence each 
       instrument, 
       type of instrument 
--- 
 
      Identification         GB00BDCFP425 
       code 
 
 b)   Nature of the          Vendor consideration 
       transaction 
---  ---------------------  ------------------------ 
 c)   Price(s) and           584,150 shares at 4.38 
       volume(s)              pence each 
---  ---------------------  ------------------------ 
 d)   Aggregated 
       information 
--- 
 
      - Aggregated           N/A 
       volume 
 
      - Price 
 
 e)   Date of the            09/04/2018 
       transaction 
---  ---------------------  ------------------------ 
 f)   Place of the           London Stock Exchange's 
       transaction            AIM Market 
---  ---------------------  ------------------------ 
 
 
 1    Details of the person discharging 
       managerial responsibilities / person 
       closely associated 
---  -------------------------------------------------- 
 a)   Name                   Continental Investment 
                              Partners S.A. 
---  ---------------------  --------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------- 
 a)   Position/status        Notification concerns 
                              a PCA, being a legal 
                              person the managerial 
                              responsibilities of which 
                              are discharged by Marco 
                              Fumagalli, a PDMR of 
                              Coro Energy plc 
---  ---------------------  --------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
---  ---------------------  --------------------------- 
 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            Ordinary shares of 0.1 
       of the financial       pence each 
       instrument, 
       type of instrument 
--- 
 
      Identification         GB00BDCFP425 
       code 
 
 b)   Nature of the          Vendor consideration 
       transaction 
---  ---------------------  --------------------------- 
 c)   Price(s) and           12,336,561 shares at 
       volume(s)              4.38 pence each 
---  ---------------------  --------------------------- 
 d)   Aggregated 
       information 
--- 
 
      - Aggregated           N/A 
       volume 
 
      - Price 
 
 e)   Date of the            09/04/2018 
       transaction 
---  ---------------------  --------------------------- 
 f)   Place of the           London Stock Exchange's 
       transaction            AIM Market 
---  ---------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 10, 2018 02:01 ET (06:01 GMT)