TVR, Exercise of Warrants & PDMR Dealings
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your COBR notes
Cobra (LSE: COBR), a South Australian mineral exploration and development company, announces, in conformity with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1R, that, as at 31 October 2025, its issued share capital comprises 924,882,429 ordinary shares of nominal value 1 pence each ("Ordinary Shares"). Each Ordinary Share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not hold any shares in treasury and therefore the total number of voting rights attributable to the Ordinary Shares is 924,882,429.
The Company further announces that it has received notice of exercise of warrants ("Warrants") to subscribe for a total of 7,460,165 new Ordinary Shares ("New Ordinary Shares"). The total consideration paid to the Company in connection with the exercise of such Warrants is £223,804.95. This figure takes the total number of new Ordinary Shares applied for in connection with Warrants above the Company's existing block listing such that the block listing has now been fully utilised.
Included in the exercise of Warrants, were Warrants held by certain directors of the Company, who elected to exercise a combined total of 2,233,332 Warrants. Directors who elected to exercise Warrants are detailed below, along with further details included in accordance with the requirements of Article 19(3) of Regulation 2014/596/EU, which is part of the domestic law of the United Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse Amendment (EU Exit) Regulations (SI 2019/310) ("UK MAR").
The New Ordinary Shares will rank pari passu with the existing Ordinary Shares. The issue of 679,585 New Ordinary Shares was included in the Company's existing block listing and application will be made for the remaining 6,780,580 New Ordinary Shares to be admitted to the equity shares (transition) category of the Official List of the Financial Conduct Authority ("FCA") and to trading on the main market for listed securities of London Stock Exchange plc.
Upon Admission, the Company's issued share capital will consist of 932,342,594 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 932,342,594. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
| Director Name | Number of 3p Warrants Exercised |
|---|---|
| Daniel Maling | 200,000 |
| David Brian Clarke | 1,666,666 |
| Gregory Hancock | 200,000 |
| Rupert Verco | 166,666 |
Regional map showing Cobra's tenements in South Australia
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/cobraresourcesplc
X: https://twitter.com/Cobra_Resources
Subscribe to our news alert service: https://investors.cobraplc.com/auth/signup
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Daniel Maling | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Non-Executive Director, PDMR | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Cobra Resources plc | ||||
| b) | LEI | 213800XTW5PLLK72TQ57 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00BGJW5255 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A | |||||
| - Price | N/A | |||||
| e) | Date of the transaction | 23 October 2025 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Brian Clarke | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Non-Executive Director, PDMR | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Cobra Resources plc | ||||
| b) | LEI | 213800XTW5PLLK72TQ57 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00BGJW5255 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A | |||||
| - Price | N/A | |||||
| e) | Date of the transaction | 26 October 2025 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Gregory Hancock | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Chairman, PDMR | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Cobra Resources plc | ||||
| b) | LEI | 213800XTW5PLLK72TQ57 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00BGJW5255 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A | |||||
| - Price | N/A | |||||
| e) | Date of the transaction | 24 October 2025 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Rupert Verco | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | Chief Executive Officer, PDMR | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Cobra Resources plc | ||||
| b) | LEI | 213800XTW5PLLK72TQ57 | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| Identification code | GB00BGJW5255 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A | |||||
| - Price | N/A | |||||
| e) | Date of the transaction | 24 October 2025 | ||||
| f) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.