Cobra Resources PLC Directors' Grant of Options (6917P)
12 Febrero 2019 - 1:00AM
UK Regulatory
TIDMCOBR
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
DSHBRGDDCXBBGCB
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February 12, 2019 02:00 ET (07:00 GMT)
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