Cloudbreak Discovery Announces Exercise of Warrants

Source: www.gulfoilandgas.com 4/13/2022, Location: Europe

Cloudbreak Discovery PLC has issued 200,500 new ordinary shares pursuant to the exercise of 500 warrants at 3p per share and 200,000 warrants at 5p per share, raising gross proceeds of £10,015.

Application is being made for the new ordinary shares to be admitted to trading which is expected to be on or around 20 April 2022. These shares rank pari passu with the existing ordinary shares of the Company. Following the issue of these shares, the Company's issued ordinary share capital shall consist of 483,174,200 ordinary shares. The figure of 483,174,200 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's ("FCA") Disclosure Guidance & Transparency Rules.


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