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Last checked at 
26 Apr 2018 17:18
26 April 2018
Coro Energy Plc
("Coro" or the "Company")
Continental Distribution - Director/PDMR Shareholding
The Company announces that it has been notified by Continental Investment Partners S.A. ("Continental"), a person closely associated with Marco Fumagalli, a Non-Executive Director of the Company, that Metano Capital S.A. ("Metano"), a 100% subsidiary of Continental, has today, as part of a broader restructuring of its business, distributed 8,523,214 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") from its existing shareholding in the Company, directly to Continental investors as a distribution in kind for no consideration (the "Continental Distribution").
Marco Fumagalli, is Managing Partner of, and holds a 25 per cent. interest in Continental. Following the Continental Distribution, Continental and its affiliates Metano and Greenberry plc, remain interested in a total of 3,817,065 Ordinary Shares, representing 0.53% of the Issued Ordinary Share capital of the Company.
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.
For further information please contact:
Coro Energy plc
Sara Edmonson, Chief Executive Officer
James Parsons, Non-Executive Chairman
|
s.edmonson@coroenergyplc.com
j.parsons@coroenergyplc.com
|
Grant Thornton UK LLP (Financial and Nominated Adviser)
Colin Aaronson
Jen Clarke
Harrison J Clarke
| Tel: +44 (0)20 383 5100 |
Turner Pope Investments (TPI) Ltd (Broker)
Ben Turner
James Pope | Tel: +44 (0)20 3621 4120
info@turnerpope.com |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |
a)
| Name
| Metano Capital 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 /Amendment
| Initial notification |
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 of the financial instrument, type of instrument | Ordinary shares of 0.1 pence each |
Identification code | GB00BDCFP425 | |
b)
| Nature of the transaction
| Distribution of ordinary shares |
c)
| Price(s) and volume(s) | 8,523,214 shares at 4.38 pence each |
d)
| Aggregated information | |
- Aggregated volume | N/A | |
- Price | ||
e)
| Date of the transaction
| 26/04/2018 |
f)
| Place of the transaction
| London Stock Exchange's AIM Market |
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