London – Coro Energy Plc, a Southeast Asian energy company focused on and clean energy, has announced the expansion and expansion of its retail offering for existing retail shareholders. The company is now allowing more time to participate 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 shown by retail shareholders.
The retail offer closing date for the wrap is now set for February 3, 2025 at 4:30 p.m. This comes ahead of the general meeting scheduled for February 5, 2025, where the issuance of the retail offer shares will be approved.
Coro Energy also issued a shareholder circular detailing the capital raising, the reorganization of the share capital and the redemption and conversion of the company’s existing secured bonds into equity, a process called a recapitalization.
Retail intermediaries intending to facilitate the participation of existing retail shareholders in the retail offering are directed to contact Winterflood Securities at wrap@winterflood.com. Shareholders themselves are advised to contact their brokers or wealth managers to participate in the offer.
The company announcement and shareholder circular are available on Coro Energy’s website, providing existing shareholders with the information they need to make an informed decision regarding their potential investment.
This expansion of the retail offering for Wrap is part of Coro Energy’s continued efforts to engage its shareholder base and provide investment opportunities for its natural gas and clean energy portfolio in Southeast Asia. The information contained in this article is based on a press release from Coro Energy Plc.
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