Saffron Energy PLC PVE publishes Prospectus and Notice of GM (7770I)
23 Mars 2018 - 12:37PM
UK Regulatory
TIDMSRON
RNS Number : 7770I
Saffron Energy PLC
23 March 2018
23 March 2018
Saffron Energy plc
("Saffron" or the "Company")
Po Valley Energy Limited publishes Prospectus and Notice of
General Meeting
Saffron, the pan Euro Asian gas explorer to be renamed Coro
Energy plc, announces that Po Valley Energy Limited ("PVE") has
published a prospectus and notice of general meeting in relation to
its proposed capital reduction as referred to in the Company's
Supplementary AIM Admission Document published on 7 March 2018. PVE
currently holds 100 million Saffron ordinary shares of 0.1 pence
each ("Saffron Shares") and proposes to distribute 80 million
Saffron Shares to shareholders of PVE by way of a capital reduction
(the "Capital Reduction"). The Capital Reduction is conditional on
shareholder approval by PVE shareholders at the PVE General Meeting
to be held on 23 April 2018.
Shareholders can view the PVE prospectus and notice of general
meeting at
https://www.asx.com.au/asx/share-price-research/company/PVE
For further information please contact:
Saffron Energy plc / Coro
Energy plc s.edmonson@coroenergyplc.com
Sara Edmonson, Chief Executive j.parsons@coroenergyplc.com
Officer
James Parsons, Non-Executive
Chairman
Grant Thornton UK LLP (Financial Tel: +44 (0)20 383
and Nominated Adviser) 5100
Colin Aaronson
Jen Clarke
Harrison J Clarke
Turner Pope Investments (TPI) Tel: +44 (0)20 3621
Ltd (Broker) 4120
Ben Turner info@turnerpope.com
James Pope
This information is provided by RNS
The company news service from the London Stock Exchange
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March 23, 2018 07:37 ET (11:37 GMT)
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