Last checked at 1 Oct 2021 07:00
1 October 2021
Coro Energy Plc
("Coro" or the "Company")
Update on Proposed Acquisition of Vietnamese Solar Portfolio
Coro Energy Plc, the South East Asian energy company focused on leading the regional transition to a low carbon economy, announces an extension of the exclusivity period agreed with the Company's Vietnamese rooftop solar project partner, Vinh Phuc Electrical Mechanical Installation Co Ltd. ("VPE").
Current in-country COVID-19 restrictions, including limitations on being able to formally lodge papers with the Vietnamese government, have meant that the Company now expects a definitive joint venture agreement for the JV to be capable of entry by the end of October 2021. Accordingly, the Company and VPE have agreed to extend the exclusivity period under the Heads of Terms first announced by the Company on 12 July 2021 until 31 October 2021.
Further announcements will be made, as appropriate.
Coro Energy plc Mark Hood, Chief Executive Officer
| Via Vigo Communications Ltd
|
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 |
WH Ireland (Broker) Harry Ansell Katy Mitchell
| Tel: 44 (0)20 7220 1670 / 44 (0)113 394 6618 |