Cobra Resources PLC Block Listing and Director/PDMR Shareholding (2561E)
04 Noviembre 2020 - 05:16AM
UK Regulatory
TIDMCOBR
RNS Number : 2561E
Cobra Resources PLC
04 November 2020
For immediate release
4 November 2020
Cobra Resources plc
("Cobra" or the "Company")
PDMR Dealing and Block Listing Application
PDMR Dealing
Cobra, the mining exploration company focused on the Wudinna
Gold Project in South Australia, announces that 2,000,000 ordinary
shares will be issued to Craig Moulton, the Managing Director, upon
successful completion of stage 1 of the Wudinna Gold Project, in
accordance with the terms of his services agreement. The stage 1
work programme is expected to complete imminently and will see the
Company secure its initial 50% stake in the project.
Application has been made to the UK Listing Authority and the
London Stock Exchange for the 2,000,000 ordinary shares of 1p each
to trade on The London Stock Exchange and to be admitted to The
Official List. The 2,000,000 ordinary shares will rank equally with
the existing issued shares of the Company.
Admission of the shares is expected to take place at 8.00 am on
10 November 2020.
Block Listing Application
For administrative purposes, application has also been made to
The UK Listing Authority and The London Stock Exchange for a block
listing of 106,182,623 ordinary shares of 1p each to trade on The
London Stock Exchange and to be admitted to The Official List in
respect of 106,182,623 warrants, all with an exercise price of
2p.
For the avoidance of doubt, the block listing application is
only a cost-efficient administrative provision to ensure that the
Company would not need to make multiple applications for admissions
on each separate occasion, should any warrants be exercised by
holders. It is not an application to list the warrants themselves
on any regulated market. The warrants remain in uncertificated form
and there are no changes to the terms and conditions of the
warrants.
The 106,182,623 ordinary shares will rank equally with the
existing issued shares of the Company. The block listing scheme
will be known as "Warrants with a 2p exercise price".
Admission of the shares is expected to take place at 8.00 am on
10 November 2020.
1. Details of PDMR / person closely associated
a) Name Craig Moulton
------------------ --------------------------------------------
2. Reason for the notification
----------------------------------------------------------------
a) Position MD
/ status
------------------ --------------------------------------------
b) Initial Initial notification
notification
/amendment
------------------ --------------------------------------------
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 Ordinary Shares of 1p each
of the
financial
instrument
------------------ --------------------------------------------
b) Identification ISIN for Cobra Resources plc: GB00BGJW5255
code of
the Financial
Instrument
------------------ --------------------------------------------
c) Nature Vested share award
of the
transaction
------------------ --------------------------------------------
d) Price(s) Price Volume
and volume(s) Nil 2,000,000
------------------ --------------------------------------------
f) Date of 4 November 2020
the transaction
------------------ --------------------------------------------
g) Place of XLON
the transaction
------------------ --------------------------------------------
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that as at
the date of this announcement, it has a single class of shares in
issue being Ordinary Shares and that following the issue of the New
Ordinary Shares to Mr Moulton, the total number of Ordinary Shares
in issue will be 264,375,617. There are no Ordinary Shares held in
treasury. Each Ordinary Share entitles the holder to a single vote
at general meetings of the Company.
The figure of 264,375,617 Ordinary Shares may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
End
Enquiries:
Craig Moulton +61 (0)89 316 4938
Cobra Resources plc Daniel Maling (UK) +44 (0)7580 032 520
SI Capital Limited Nick Emerson
(Joint Broker) Sam Lomanto +44 (0)1483 413 500
-------------------- --------------------
Peterhouse Capital Limited Duncan Vasey
(Joint Broker) Lucy Williams +44 (0)20 7469 0932
-------------------- --------------------
Vigo Communications B en Simons
(Financial Public Relations) Simon Woods +44 (0)20 7390 0234
-------------------- --------------------
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END
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November 04, 2020 06:16 ET (11:16 GMT)
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