LONDON – Coro Energy plc, the Southeast Asian energy company focused on clean energy, has announced the extension and expansion of its WRAP 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 offering on January 10, 2025 and responds to the support shown by retail shareholders.
The WRAP Retail Offer Deadline is now set for February 3, 2025 at 4:30 pm This comes ahead of the General Meeting scheduled for February 5, 2025, where the issuance of Offer Shares will be authorized Retail.
Coro Energy has also issued a Shareholder Circular outlining the details of the equity fundraising, a reorganization of share capital and the redemption and conversion of the company’s existing secured listed bonds into equity, a process known as Recapitalization.
Retail brokers intending to facilitate the participation of existing retail shareholders in the WRAP Retail Offering should contact Winterflood Securities at wrap@winterflood.com. Shareholders themselves are advised to contact their respective brokers or wealth managers to participate in the offer.
The company’s announcement and Shareholder Circular are available on Coro Energy’s website, providing existing shareholders with the information necessary to make an informed decision regarding their potential investment.
This expansion of the WRAP retail offering is part of Coro Energy’s ongoing efforts to engage its shareholder base and provide investment opportunities across 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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