CORO ENERGY PLC

Director's Dealing • Jan 15, 2020

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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 info@turnerpope.com

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

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