RE: Good sign11 Apr 2018 10:11
The RNS clearly states that the shares were allocated to them because of the shares they held in SOU.
They paid nothing.
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.