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

END

MSCEAFDDADLPEFF

(END) Dow Jones Newswires

March 23, 2018 07:37 ET (11:37 GMT)

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