Last checked at 4 Oct 2019 17:05
4 October 2019
Coro Energy plc
("Coro" or the "Company")
Director/PDMR Shareholding
Coro Energy plc, the Southeast Asian focused upstream oil and gas company, announces that it has today issued to Andrew Dennan, the Company's Chief Financial Officer, options to subscribe for 10,000,000 new ordinary shares in the capital of the Company ("Ordinary Shares"), exerciseable at a price of 4.38 pence per new Ordinary share (the "Options").
The Options vest on the third anniversary of issue and are capable of exercise thereafter until the fifth anniversary of issue.
Following the issue of the Options, Mr. Dennan wil be interested in 3,123,830 Ordinary Shares in the Company, representing 0.43 per cent. of the Company's issued ordinary share capital, and a total of 15,000,000 options to subscribe for new Ordinary Shares, all of which are exerciseable at 4.38 pence per new Ordinary share.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.
For further information please contact:
Coro Energy plc James Menzies, Chief Executive Officer Andrew Dennan, Chief Financial Officer
| Tel: 44 (0)20 3965 7917
|
Cenkos Securities plc (Nominated Adviser) Ben Jeynes Katy Birkin
| Tel: 44 (0)20 7397 8900 |
Vigo Communications Ltd (IR/PR Advisor) Patrick d'Ancona Chris McMahon
| Tel: 44 (0)20 7390 0230 |
Mirabaud Securities Ltd (Joint Broker) Peter Krens Ed Haig-Thomas
| Tel: 44 (0)20 3167 7221 |
Turner Pope Investments (TPI) Ltd (Joint Broker) Zoe Alexander Andy Thacker | Tel: 44 (0)20 3657 0050 info@turnerpope.com |
NOTIFICATIONS AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr. Andrew Dennan | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PDMR (Chief Financial Offier) | |||
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 | Options over ordinary shares of 1 pence each | |||
Identification code | GB00BDCFP425 | ||||
b)
| Nature of the transaction
| Subscription under an open offer to existing shareholders | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 10,000,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 4 October 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||