COBRA RESOURCES PLC

Remuneration Information • Feb 12, 2019

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RNS Number : 6917P

Cobra Resources PLC

12 February 2019

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.

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.

For immediate release

12 February 2019

Cobra Resources plc

(Incorporated in England and Wales with company number 11170056)

Directors' Grant of Options

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 2,017,008 ordinary shares of nominal value 0.01 pence each (the "Ordinary Shares") in the issued share capital of the Company (or the number of shares (of the same class or another class) as the Grant may be adjusted to relate to on a variation of the Company's share capital, such that the number of shares subject to the Grant shall be not less, in the aggregate, than 3 per cent. of the then-issued share capital of the Company).

The Options are exercisable at 0.015 pence per Ordinary Share.

Persons discharging managerial responsibility participating in the Grant are tabled below:

Name	Title	No. of Share Options Granted	Date of Grant
Rolf Gerritsen	Director	672,336	11/02/2019
Greg Hancock	Non-Executive Director	672,336	11/02/2019
Kenneth Watson	Non-Executive Chairman	672,336	11/02/2019

Following this announcement, the total number of options granted and outstanding is in respect of 2,017,008 Ordinary Shares representing three per cent. of the current issued share capital of the Company.

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

1.

Details  of PDMR / person closely associated

a)

Name

(i)           Rolf Gerritsen

(ii)          Greg Hancock

(iii)         Kenneth Watson

2.

Reason for the notification

a)

Position / status

(i)           Director

(ii)          Non-Executive Director

(iii)         Non-Executive Chairman

b)

Initial notification /amendment

Initial notification

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 of the financial instrument

Ordinary Shares of nominal value 0.01p each

b)

Identification code of the Financial Instrument

ISIN for Cobra Resources plc: GB00BGJW5255

c)

Nature of the transaction

Grant of options over Ordinary Shares in Cobra Resources plc under the Share Option Plan with Non-Employee Sub-Plan and US Sub-Plan

d)

Price(s) and volume(s)

Price	Volume
i.   £0.015	672,336
ii.  £0.015	672,336
iii. £0.015	672,336

e)

Aggregated information

-     Aggregated volume

-     Price

N/A

f)

Date of the transaction

11 February 2019

g)

Place of the transaction

XLON  

The person who arranged for the release of this announcement on behalf of the Company was Rolf Gerritsen, Chief Executive Officer of the Company.

End

Enquiries:

Cobra Resources plc	Rolf Gerritsen	+44 (0)20 7129 1471
SI Capital Limited (Broker)	Nick Emerson Sam Lomanto	+44 (0)14 8341 3500

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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