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Coro Energy PLC - Director/PDMR Shareholding

RNS Number : 8921O
Coro Energy PLC
04 October 2019
 

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

[email protected]



 

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

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Coro Energy PLC

Price: 0.367

Market: AIM
Market Cap: £2.91 m
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