RE: More shares for the kitty5 Nov 2025 14:34
Hopefully share price will settle down when the "concert party" , have sold enough of their warrant shares .
I assume they have to stay at 32.55% total holding .( this was agreed 17 Feb 25 RNS below) Unless they have been given permission to go higher, without
having to make an offer to buy all Cobra shares.
I Still hold , but under 1 % now, I had no warrants :-(
https://www.londonstockexchange.com/news-article/COBR/posting-of-gm-notice-proposed-rule-9-waiver/16903113
Additionally, the Company received commitments from certain members of the Concert Party, to subscribe, in cash, for the Tranche 2 Conditional Placing Shares, thereby increasing their combined ownership of Cobra from 219,261,101 Ordinary Shares to 285,782,841 Ordinary Shares, representing an increase to their combined holding of 27.41 percent to 32.55 percent of the Enlarged Issued Share Capital. In total, the Concert Party have committed to invest £765,000 at the Placing Price subject to Shareholder approval at a general meeting. The issue of the Tranche 2 Conditional Placing Shares is conditional upon the approval of Independent Shareholders of the Rule 9 Waiver Resolution, which is to be taken on a poll, in order for the Concert Party to increase their aggregate holding, and the publication of a secondary prospectus (as explained in the GM Notice).
One of the purposes of the GM Notice is to provide Shareholders with an explanation of the Rule 9 Waiver Resolution and to give Shareholders the information required under the Takeover Code.
Sign In
Follow the stocks
