TIDMCORO

RNS Number : 6403N

Coro Energy PLC

01 October 2021

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                             Via Vigo Communications 
  Mark Hood, Chief Executive Officer          Ltd 
 Cenkos Securities plc (Nominated Adviser)   Tel: 44 (0)20 7397 8900 
  Ben Jeynes 
  Katy Birkin 
 Vigo Communications Ltd (IR/PR Advisor)     Tel: 44 (0)20 7390 0230 
  Patrick d'Ancona 
  Chris McMahon 
 WH Ireland (Broker)                        Tel: 44 (0)20 7220 1670 / 
  Harry Ansell                               44 (0)113 394 6618 
  Katy Mitchell

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UPDSDWFWSEFSESU

(END) Dow Jones Newswires

October 01, 2021 01:59 ET (05:59 GMT)

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