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Coro Energy PLC - Directorate Change

RNS Number : 8014Z
Coro Energy PLC
15 January 2020
 

15 January 2020

Coro Energy plc

("Coro" or the "Company")

 

                                                                                 Directorate Change

 

Coro Energy plc, the Southeast Asian focused upstream oil and gas company, is pleased to announce the appointment of Dr Nick Cooper as an independent non-executive director, with immediate effect.

 

Dr Cooper began his career as a geophysicist with BG and Amoco in the UK and various international locations. He then worked with the energy team at Booz-Allen & Hamilton and the oil and gas advisory team at Goldman Sachs. In 2005 Dr Cooper co-founded and became CFO of London listed Salamander Energy plc, an Asia-focussed exploration and production company. In 2011 he joined Ophir Energy plc, a London listed, international exploration and production company, as CEO which he ran until stepping down in 2018.

 

Dr Cooper holds a Bachelor of Science in Geophysical Sciences from the University of Leeds, a PhD in Exploration Geophysics from the University of Leicester and an MBA from INSEAD.

 

Commenting on the appointment, James Parsons, Chairman, said:

 

"I am delighted that Nick is joining the Board at an exciting time for Coro. His extensive industry and highly relevant regional experience will add hugely to our strategic deliberations and transaction expertise as we look to address the many opportunities that are emerging in South East Asia. Having very successfully worked with James Menzies when at Salamander and operated for many years in a senior capacity in the E&P sector, Nick will be an excellent addition to Coro's Board."

 

Dr Nicholas John Cooper, aged 52, has held the following directorships and/or partnerships in the past five years:

 

Current Directorships/Partnerships

Past Directorships/Partnerships

Albourne Winery Limited

Arcade Films 4 LLP

Bedlam Brewery Limited

Galileo Technologies Limited

Siccar Point Energy Limited

Siccar Point Energy Finance Limited

Siccar Point Energy (Holdings) Limited

Storegga Geotechnologies Limited

Dominion Kenya Holdings Limited

Dominion Petroleum Administrative Services Limited

Medco Energi Thailand (E&P) Limited

Ophir Asia Limited

Ophir Cote D'Ivoire (C1-513) Limited

Ophir East Africa Holdings Limited

Ophir East Africa Ventures Limited

Ophir Energy Limited

Ophir Energy Indonesia Limited

Ophir Equatorial Guinea (Block R) Limited

Ophir Equatorial Guinea (EG-24) Limited

Ophir Equatorial Guinea Holdings Limited

Ophir Gas Marketing Limited

Ophir Global New Ventures Limited

Ophir Holdings Limited

Ophir Holdings & Services (UK) Limited

Ophir Holdings & Ventures Limited

Ophir Indonesia (Kutai) Limited

Ophir Indonesia (Kofiau) 2 LLC

Ophir Indonesia (Simenggaris) Limited

Ophir (Indonesia South East Sangatta) Limited

Ophir Indonesia (South Sokang) Limited

Ophir Indonesia (West Papua IV) 2 LLC

Ophir Jaguar 1 Limited

Ophir Jaguar 2 Limited

Ophir LNG Limited

Ophir Malaysia (Block 2A) Limited

Ophir Mexico Limited

Ophir Pipeline Limited

Ophir Myanmar (Block AD-3) Limited

Ophir Tanzania (Block 1) Limited

Ophir Tanzania (Block 3) Limited

Ophir Tanzania (Block 4) Limited

Ophir Ventures (Jersey) Limited

Ophir Ventures (Jersey) No.2 Limited

Salamander Energy (Bengara) Limited

Salamander Energy (Bualuang Holdings) Limited

Salamander Energy (Glagah Kambuna Holdings) Limited

Salamander Energy Group Limited

Salamander Energy (Holdco) Limited

Salamander Energy (JS) Limited

Salamander Energy Limited

Salamander Energy (North Sumatra) Limited

Salamander Energy (Philippines) Limited

Salamander Energy (S.E. Asia) Limited

Salamander Energy (Vietnam) Limited

Starborn Petroleum Limited

Transunion Petroleum Limited

 

Nick Cooper has today been issued options to subscribe for 10 million new Ordinary Shares at a price of 4.38p per Ordinary Share. The options will all vest after 3 years and expire after 5 years.

 

Nick Cooper does not hold any ordinary shares in the Company. There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

 

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]

 

 

NOTIFICATION 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

Dr Nicholas Cooper

 

 

2

Reason for the notification

 

a)

Position/status

Non-executive Director

 

 

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

Ordinary Shares of 0.1 pence each

 

Identification code

GB00B4ZG0R74

 

 

b)

Nature of the transaction

Grant of options over Ordinary Shares

 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

 

£0.0438

10,000,000

 

 

d)

Aggregated information

N/A single transaction

 

 

Aggregated volume

N/A single transaction

 

 

Price

N/A single transaction

 

e)

Date of the transaction

15 January 2020

 

f)

Place of the transaction

Outside of 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
 
 
BOASFEFWLESSELF

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Price: 0.466

Market: AIM
Market Cap: £3.7 m
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