Cloudbreak Discovery PLC Issue of Warrants and Options (7182J)
25 Agosto 2021 - 01:01AM
UK Regulatory
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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