LONDON - Coro Energy plc, the South East Asian energy company focusing on natural gas and clean energy, has announced the extension and expansion of its WRAP Retail Offer for existing retail shareholders. The company is now allowing more time for participation and has increased the maximum amount to £125,000.00.
The revised offer will make up to 83,333,334 New Ordinary Shares available at 1.5 pence per share. This extension follows the initial launch of the offer on January 10, 2025, and is in response to the support demonstrated by retail shareholders.
The closing date for the WRAP Retail Offer is now set for February 3, 2025, at 4:30 pm. This comes ahead of the General Meeting scheduled for February 5, 2025, where the issuance of the Retail Offer Shares will be authorized.
Coro Energy has also issued a Shareholder Circular which outlines the details of the equity fundraising, a share capital reorganization, and the redemption and conversion of the company’s existing secured listed bonds into equity, a process referred to as the Recapitalization.
Retail brokers who intend to facilitate the participation of existing retail shareholders in the WRAP Retail Offer are directed to contact Winterflood Securities at wrap@winterflood.com. Shareholders themselves are advised to reach out to their respective brokers or wealth managers to engage in the offer.
The company’s announcement and the Shareholder Circular are available on Coro Energy’s website, providing existing shareholders with the necessary information to make an informed decision regarding their potential investment.
This expansion of the WRAP Retail Offer is part of Coro Energy’s continued efforts to engage its shareholder base and provide opportunities for investment in its natural gas and clean energy portfolio in South East Asia. The information contained in this article is based on a press release statement from Coro Energy plc.
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