CORO.L

Coro Energy plc
Coro Energy PLC - Convertible Loan Update
27th August 2024, 11:32
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RNS Number : 8513B
Coro Energy PLC
27 August 2024
 

27 August 2024

 

Coro Energy Plc

("Coro" or the "Company" and together with its subsidiaries the "Group")

 

Convertible Loan Update

 

Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces, further to the announcement on 15 August 2024, an amendment to the Convertible Loan Note agreement (the 'Original Agreement') entered into on 14 August 2024 between River Merchant Capital and Fenikso Limited.

 

The amendment was a correction to amend the Original Agreement to properly reflect the original intentions of the parties. The Original Agreement referred to the security covering the renewable business but did not correctly refer to the entity holding the Vietnam renewable assets, being Coro Clean Energy Limited. This has been corrected and an amendment to the Original Agreement has been signed between all parties. None of the other commercial terms of the agreement have changed.

 

 

For further information please contact:

 

Coro Energy plc

 

 

Via Vigo Consulting Ltd

 

 

Cavendish Capital Markets Limited (Nominated Adviser)

Adrian Hadden

Ben Jeynes

 

Tel: 44 (0)20 7220 0500



Hybridan LLP (Nominated Broker)

Claire Louise Noyce

  Tel: 44 (0)20 3764 2341

 

 


 

 

 

Vigo Consulting (IR/PR Advisor)

Patrick d'Ancona

Finlay Thomson

 

Tel: 44 (0)20 7390 0230

 

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