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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Coro Energy Plc | LSE:CORO | London | Ordinary Share | GB00BDCFP425 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0235 | -17.09% | 0.114 | 0.068 | 0.16 | 0.1375 | 0.114 | 0.1375 | 593,954 | 16:25:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Natural Gas Liquids | 6.71M | -4.12M | -0.0014 | -0.79 | 3.15M |
From Apr 2019 to Apr 2024
TIDMCORO
RNS Number : 7635Z
Coro Energy PLC
21 May 2019
21 May 2019
Coro Energy plc
("Coro Energy" or the "Company")
Previously Intended Open Offer
Coro Energy, the Southeast Asian focused oil and gas company, previously announced on 16 February 2018 that it intended, following completion of a placing of and subscription for new ordinary shares to raise approximately GBP14 million at a price of 4.38 pence per ordinary share (the "Placing and Subscription"), to offer qualifying shareholders with the opportunity to subscribe for new ordinary shares at the same 4.38 pence per ordinary share price as was available to investors under the Placing and Subscription in an intended open offer of up to GBP2 million in 2018 (the "Previously Intended Open Offer").
The Previously Intended Open Offer was not required by the Company to fund operations but was instead intended to provide qualifying shareholders with the opportunity to subscribe for additional ordinary shares at the same price as was available to investors under the Placing and Subscription.
The Company's ordinary shares have, since completion of the Placing and Subscription, traded below the price at which the Previously Intended Open Offer was to be launched and the Directors do not therefore believe that it would be a productive use of Company funds to proceed with an open offer at a premium to the prevailing share price at the current time. As a result, the Company no longer intends to proceed with the Previously Intended Open Offer.
For further information please contact:
Coro Energy plc Tel: 44 (0)20 3965 7917 James Menzies, Chief Executive Officer Andrew Dennan, Chief Financial Officer Cenkos Securities plc (Nominated Adviser) Tel: 44 (0)20 7397 8900 Ben Jeynes David Jones Vigo Communications Ltd (IR/PR Advisor) Tel: 44 (0)20 7390 0230 Patrick d'Ancona Chris McMahon Mirabaud Securities Ltd (Joint Broker) Tel: 44 (0)20 3167 7221 Peter Krens Ed Haig-Thomas Turner Pope Investments (TPI) Ltd Tel: 44 (0)20 3621 4120 (Joint Broker) info@turnerpope.com Ben Turner James Pope
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 21, 2019 12:44 ET (16:44 GMT)
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