Business
Directors' Grant of Options
Directors' Grant of Options.
About this update from Cobra Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 0923T\n Cobra Resources PLC\n 15 July 2020\n \n \n \n \n Cobra Resources plc\n \n \n \n \n \n (\"Cobra\" or the \"Company\")\n \n \n \n \n \n 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.\n \n \n 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.\n \n \n For immediate release\n \n \n 15 July 2020\n \n \n \n \n \n Cobra Resources plc\n \n \n (Incorporated in England and Wales with company number 11170056)\n \n \n \n \n \n Directors' Grant of Options\n \n \n \n \n \n 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.\n \n \n \n \n \n The Options are exercisable at between 2 and 4 pence per Ordinary Share and subject to certain vesting conditions including;\n \n \n 1) The Company achieving mineral resources of 1 million ounces; or\n \n \n 2) A market capitalisation of £10 million.\n \n \n \n \n \n Persons discharging managerial responsibility participating in the Grant are tabled below:\n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n Title\n \n \n \n \n No. of Share Options Granted\n \n \n \n \n Date of Grant\n \n \n \n \n \n \n David Clarke\n \n \n \n \n Non-Executive Director\n \n \n \n \n 5,000,000\n \n \n \n \n 14/07/2020\n \n \n \n \n \n \n Daniel Maling\n \n \n \n \n Non-Executive Director\n \n \n \n \n 5,000,000\n \n \n \n \n 14/07/2020\n \n \n \n \n \n \n Greg Hancock\n \n \n \n \n Non-Executive Chairman\n \n \n \n \n 5,000,000\n \n \n \n \n 14/07/2020\n \n \n \n \n \n \n \n \n \n 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 ce...