Coro Energy PLC - Leeds, England-based energy company - Says resolution 6 at its annual general meeting on Tuesday did not pass, meaning will not be in a position to issue further shares in lieu of interest payments for notes. This relates to an election by a debt holder, which hoped to convert interest payments into shares in respect of the company’s Luxembourg listed €22.5 million 10.0% secured notes.

Executive Chair James Parsons says: ‘We appreciate the ongoing support of our shareholders, particularly as we approach such a critical time for the business with the long awaited GSA and potential Duyung farm out / sale. We remain excited about the opportunities that lie before us and look forward to updating shareholders on our progress.’

Current stock price: 0.20 pence, down 2.7%

12-month change: down 41%

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