Cobra Resources PLC Directors' Grant of Options

Fecha : 12/02/2019 @ 01:00
Fuente : UK Regulatory (RNS & others)
Emisora : Cobra Resources Plc (COBR)
Cotización : 1.25  0.0 (0.00%) @ 18:00
Cobra Resources Cotización de acciones Gráfica

Cobra Resources PLC Directors' Grant of Options

Cobra Resources (LSE:COBR)
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RNS Number : 6917P

Cobra Resources PLC

12 February 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY NEWS SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

For immediate release

12 February 2019

Cobra Resources plc

(Incorporated in England and Wales with company number 11170056)

Directors' Grant of Options

Cobra Resources plc (the "Company") today announces the grant (the "Grant") of share options (the "Options") to the directors of the Company which are exercisable over a total of 2,017,008 ordinary shares of nominal value 0.01 pence each (the "Ordinary Shares") in the issued share capital of the Company (or the number of shares (of the same class or another class) as the Grant may be adjusted to relate to on a variation of the Company's share capital, such that the number of shares subject to the Grant shall be not less, in the aggregate, than 3 per cent. of the then-issued share capital of the Company).

The Options are exercisable at 0.015 pence per Ordinary Share.

Persons discharging managerial responsibility participating in the Grant are tabled below:

 
 Name             Title           No. of Share Options   Date of Grant 
                                   Granted 
 Rolf Gerritsen   Director        672,336                11/02/2019 
                 --------------  ---------------------  -------------- 
 Greg Hancock     Non-Executive   672,336                11/02/2019 
                   Director 
                 --------------  ---------------------  -------------- 
 Kenneth Watson   Non-Executive   672,336                11/02/2019 
                   Chairman 
                 --------------  ---------------------  -------------- 
 

Following this announcement, the total number of options granted and outstanding is in respect of 2,017,008 Ordinary Shares representing three per cent. of the current issued share capital of the Company.

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 
 1.   Details of PDMR / person closely associated 
 a)   Name                                              (i) Rolf Gerritsen 
                                                         (ii) Greg Hancock 
                                                         (iii) Kenneth Watson 
     ------------------------------------------------  ------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------- 
 a)   Position / status                                 (i) Director 
                                                         (ii) Non-Executive Director 
                                                         (iii) Non-Executive Chairman 
     ------------------------------------------------  ------------------------------------------- 
 b)   Initial notification /amendment                   Initial notification 
     ------------------------------------------------  ------------------------------------------- 
 3.   Details of the issuer 
     --------------------------------------------------------------------------------------------- 
 a)   Name                                              Cobra Resources plc 
     ------------------------------------------------  ------------------------------------------- 
 b)   LEI                                               213800XTW5PLLK72TQ57 
     ------------------------------------------------  ------------------------------------------- 
 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           Ordinary Shares of nominal value 0.01p 
                                                         each 
     ------------------------------------------------  ------------------------------------------- 
 b)   Identification code of the Financial Instrument   ISIN for Cobra Resources plc: GB00BGJW5255 
     ------------------------------------------------  ------------------------------------------- 
 c)   Nature of the transaction                         Grant of options over Ordinary Shares 
                                                         in Cobra Resources plc under the Share 
                                                         Option Plan with Non-Employee Sub-Plan 
                                                         and US Sub-Plan 
     ------------------------------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)                             Price               Volume 
                                                             i. GBP0.015      672,336 
                                                             ii. GBP0.015     672,336 
                                                             iii. GBP0.015    672,336 
     ------------------------------------------------  ------------------------------------------- 
 e)   Aggregated information                            N/A 
       - Aggregated volume 
       - Price 
     ------------------------------------------------  ------------------------------------------- 
 f)   Date of the transaction                           11 February 2019 
     ------------------------------------------------  ------------------------------------------- 
 g)   Place of the transaction                          XLON 
     ------------------------------------------------  ------------------------------------------- 
 

The person who arranged for the release of this announcement on behalf of the Company was Rolf Gerritsen, Chief Executive Officer of the Company.

End

Enquiries:

 
Cobra Resources plc              Rolf Gerritsen      +44 (0)20 7129 1471 
                                 Nick Emerson 
SI Capital Limited (Broker)       Sam Lomanto        +44 (0)14 8341 3500 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 12, 2019 02:00 ET (07:00 GMT)

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