Cobra Resources (LSE:COBR)
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RNS Number : 7875Q
Cobra Resources PLC
21 February 2019
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
21 February 2019
Cobra Resources plc
(Incorporated in England and Wales with company number 11170056)
Cobra Resources plc (the "Company") seeks to clarify the regulatory news service announcement released on 12 February 2019 relating to certain share options (the "Options") granted to the directors of the Company (the "Grant").
The Company wishes to clarify that (i) the Options are exercisable over a total of 2,017,008 ordinary shares of nominal value 1 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), and (ii) that the Options are exercisable at 1.5 pence per Ordinary Share.
Cobra Resources plc Rolf Gerritsen +44 (0)20 7129 1471
SI Capital Limited (Broker) Sam Lomanto +44 (0)14 8341 3500
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(END) Dow Jones Newswires
February 21, 2019 10:57 ET (15:57 GMT)