TIDMCDL

RNS Number : 7182J

Cloudbreak Discovery PLC

25 August 2021

25 August 2021

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

Issue of Warrants and Options

Cloudbreak Discovery Plc (LSE: CDL), a natural r esource project generator, announces the grant of options over 11,250,000 ordinary shares of 0.1 pence each in the Company (the "Options") to certain of its directors, PDMRs, and other members of staff and the issue of 2,050,000 warrants (the "Warrants").

The Options have an exercise price of 3 pence per share (being a premium of 29% to the closing price on 23August 2021) and can be exercised at any time until the fourth anniversary of grant.

In addition, the Company has issued the Warrants for services rendered which are exercisable at 3 pence per share at any time until the second anniversary of issue.

Following grant of the Options, the Company has 16,300,000 shares under Option, representing 4.18% of the current issued share capital of the Company. In addition, the Company has 45,665,967 Warrants in issue, representing 11.72% of the current issued share capital of the Company.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

- Ends -

For additional information please contact:

 
 Cloudbreak Discovery        Tel: +1 604 428 9480 
  PLC 
                             Kyler Hardy, CEO         khardy@cloudbreakdiscovery.com 
                             Henrik Mikkelsen, VP     hmikkelsen@cloudbreakdiscovery.com 
                              Corporate Development 
 
 Novum Securities            Tel: +44 7399 9400 
  Financial Adviser 
  and Broker 
                             David Coffman / Lucy 
                              Bowden 
                              Colin Rowbury 
 
 Blytheweigh                 Tel: +44 207 138 3204    Cloudbreak@blytheweigh.com 
  (Financial PR/IR-London) 
                             Tim Blythe 
                             Megan Ray 
 
 Stellium Services           Tel: +44 7771 763655     Cloudbreak@StelliumServices.com 
  (Investor Relations)        / 
                              +44 7726 476616 
                             Andrew Wilson 
                             Claire Bowden 
 

About Cloudbreak

Cloudbreak Discovery PLC is a leading natural resource project generator, working across a wide array of mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak's generative model enables a multi asset approach to investing. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
                                                                               ----------------------------------- 
 a.    Name                                                                                1) Samuel "Kyler" Hardy 
                                                                                           2) Andrew Male 
                                                                                           3) Kyle Hookey 
                                                                                           4) Emma Priestly 
                                                                                           5) Rory Kutluoglu 
                                                                                           6) David Robinson 
                                                                                           7) Henrik Mikkelsen 
                                                                                           8) Cam Bartsch 
                                                                               ----------------------------------- 
 2     Reason for notification 
                                                                               ----------------------------------- 
 a.    Position/Status                                                                     1) Director 
                                                                                            2) Director 
                                                                                            3) NED 
                                                                                            4) NED 
                                                                                            5) PDMR 
                                                                                            6) PDMR 
                                                                                            7) PDMR 
                                                                                            8) PDMR 
      ----------------------------------------------------------------------   ----------------------------------- 
 b.    Initial notification/                                                    Initial notification 
        Amendment 
      ----------------------------------------------------------------------   ----------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -----------------------------------------------------------------------  ----------------------------------- 
 a.    Name                                                                     Cloudbreak Discovery 
                                                                                 Plc 
      ---------------------------------------------------------------------- 
 b.    LEI                                                                      213800ZLZVEPOS7YID88 
      ----------------------------------------------------------------------   ----------------------------------- 
 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                                            Options over Ordinary 
                                                                                  Shares of 0.1p each 
        Identification Code                                                       ISIN Code: GB00B44LQR57 
      ----------------------------------------------------------------------   ----------------------------------- 
 b.    Nature of the transaction                                                Grant of Options 
      ----------------------------------------------------------------------   ----------------------------------- 
 c.    Price(s) and volume(s)                                                    Price           Volume 
                                                                                       1) 3.0p    2,000,000 
                                                                                                 ---------- 
                                                                                       2) 3.0p    600,000 
                                                                                                 ---------- 
                                                                                       3) 3.0p    1,200,000 
                                                                                                 ---------- 
                                                                                       4) 3.0p    600,000 
                                                                                                 ---------- 
                                                                                       5) 3.0p    1,750,000 
                                                                                                 ---------- 
                                                                                       6) 3.0p    1,750,000 
                                                                                                 ---------- 
                                                                                       7) 3.0p    500,000 
                                                                                                 ---------- 
                                                                                       8) 3.0p]   1,750,000 
                                                                                                 ---------- 
      ----------------------------------------------------------------------   ----------------------------------- 
       Aggregated information 
 
        - Aggregated Volume                                                       10,150,000 
 
 d.     - Price                                                                   3.0p 
      -----------------------------------------------------------------------  ----------------------------------- 
 e.    Date of the transaction 
                                                                                  25 August 2021 
      -----------------------------------------------------------------------  ----------------------------------- 
 f.    Place of the transaction                                                 Outside of a trading 
                                                                                 venue 
      -----------------------------------------------------------------------  ----------------------------------- 
 
 

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END

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August 25, 2021 02:01 ET (06:01 GMT)

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