Cobra Resources PLC Warrant Exercises and Block Listing Application (7538E)
10 November 2020 - 8:00AM
UK Regulatory
TIDMCOBR
RNS Number : 7538E
Cobra Resources PLC
10 November 2020
For immediate release
10 November 2020
Cobra Resources plc
("Cobra" or the "Company")
Warrant Exercises and previous Block Listing Application
On 4 November 2020 the Company announced that it had made a
block listing application for warrants with an exercise price of
2p. After discussions with the FCA and due to the short exercise
window the FCA advised that a block listing was not considered
appropriate in the circumstances.
The Company has accordingly made a pplications to the UK Listing
Authority and the London Stock Exchange for an initial 10,000,000
ordinary shares of 1p each ("Ordinary Shares") to trade on the
London Stock Exchange and to be admitted to The Official List,
reflecting exercises received to date. The 10,000,000 Ordinary
Shares will rank equally with the existing issued shares of the
Company.
Admission of the 10,000,000 Ordinary Shares is expected to take
place at 8.00 am on 12 November 2020.
A further application has also been made to the UK Listing
Authority and The London Stock Exchange for up to an additional
10,000,000 Ordinary Shares of 1p each to trade on the London Stock
Exchange and to be admitted to the Official List in respect of the
exercise of up to an additional 10,000,000 warrants with an
exercise price of 2p. Any further Shares Ordinary shares so issued
will rank equally with the existing issued shares of the
Company.
The Company will confirm the precise number of additional
Ordinary Shares to be admitted under the additional application on
12 November 2020 and it is expected that such additional Ordinary
Shares will be admitted at 8.00 am on 13 November 2020.
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
10,000,000 new Ordinary Shares, the total number of Ordinary Shares
in issue will be 274,375,617. 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 274,375,617 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.
The Company will make an additional announcement to update total
voting rights when it announces the exact number of additional
Ordinary Shares proposed to be admitted on 12 November 2020.
End
Enquiries:
Craig Moulton +61 (0) 893164938
Cobra Resources plc Daniel Maling (UK) +44 (0) 758 003 2520
SI Capital Limited Nick Emerson
(Joint Broker) Sam Lomanto +44 (0) 14 8341 3500
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Peterhouse Capital Limited Duncan Vasey
(Joint Broker) Lucy Williams +44 (0) 20 7469 0932
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END
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