Block Listing Application

RNS Number : 3915M

Cobra Resources PLC

11 May 2020

 

For immediate release

11 May 2020

Cobra Resources plc

("Cobra" or the "Company")

Block Listing Applications

Applications have been made to The UK Listing Authority and The London Stock Exchange for three block listings of ordinary shares of 1p each to trade on The London Stock Exchange and to be admitted to The Official List. The aggregate of 98,515,957 ordinary shares will rank equally with the existing issued shares of the Company.

The block listings consist of:

1 25,000,000 ordinary shares in respect of the February 2018 subscription warrants, the "February 2018 Subscription Warrants Scheme";

2      38,018,582 ordinary shares in respect of the November 2018 subscription warrants, the "November 2018 Subscription Warrants Scheme"; and

3  35,497,375 ordinary shares in respect of the January 2020 placing warrants, the "January 2020 Placing Warrants Scheme".

The expected admission of the shares will be 8.00 am on 15 May 2020.

For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.

End

Enquiries:

Cobra Resources plc	Craig Moulton Daniel Maling (UK)	[phone] [phone]
SI Capital Limited (Broker)	Nick Emerson Sam Lomanto	[phone]
Peterhouse Capital Limited	Duncan Vasey Lucy Williams	[phone]

 

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