Cobra Resources PLC Directors' Grant of Options (0923T)
15 Julio 2020 - 05:09AM
UK Regulatory
TIDMCOBR
RNS Number : 0923T
Cobra Resources PLC
15 July 2020
Cobra Resources plc
("Cobra" or the "Company")
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
15 July 2020
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 15,000,000
ordinary shares of nominal value 1 pence each (the "Ordinary
Shares") in the issued share capital of the Company.
The Options are exercisable at between 2 and 4 pence per
Ordinary Share and subject to certain vesting conditions
including;
1) The Company achieving mineral resources of 1 million ounces; or
2) A market capitalisation of GBP10 million.
Persons discharging managerial responsibility participating in
the Grant are tabled below:
Name Title No. of Share Options Date of
Granted Grant
David Clarke Non-Executive 5,000,000 14/07/2020
Director
-------------- --------------------- -----------
Daniel Maling Non-Executive 5,000,000 14/07/2020
Director
-------------- --------------------- -----------
Greg Hancock Non-Executive 5,000,000 14/07/2020
Chairman
-------------- --------------------- -----------
Following this announcement, the total number of current
director options granted and outstanding is in respect of
15,672,336 Ordinary Shares representing 8 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) David Clarke
(ii) Daniel Maling
(iii) Greg Hancock
------------------------------------------------ -------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------
a) Position / status (i) Non-Executive 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 1p
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.David Clarke
a) GBP0.03 3,000,000
b) GBP0.04 2,000,000
ii. Daniel Maling
a) GBP0.02 2,000,000
b) GBP0.04 3,000,000
iii. Greg Hancock
a) GBP0.03 3,000,000
b) GBP0.04 2,000,000
------------------------------------------------ -------------------------------------------
e) Aggregated information N/A
Aggregated volume 2,000,000
6,000,000
Price 7,000,000
GBP0.02
GBP0.03
GBP0.04
------------------------------------------------ -------------------------------------------
f) Date of the transaction 14 July 2020
------------------------------------------------ -------------------------------------------
g) Place of the transaction XLON
------------------------------------------------ -------------------------------------------
The person who arranged for the release of this announcement on
behalf of the Company was Dan Mailing, Non-Executive Director of
the Company.
End
Enquiries:
Craig Moulton +61 (0) 8 9316 4938
Cobra Resources plc Daniel Maling +44 (0) 758 003 2520
SI Capital Limited Nick Emerson
(Joint Broker) Sam Lomanto +44 (0) 14 8341 3500
--------------- ------------------------
Peterhouse Capital Limited Duncan Vasey
(Joint Broker) Lucy Williams +44 (0) 20 7469 0932
--------------- ------------------------
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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