REG - Cloudbreak Discovery - Update on Admission of Shares

Cloudbreak DiscoveryAnnouncement

24/04/2026 13:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260424:nRSX8857Ba&default-theme=true

RNS Number : 8857B  Cloudbreak Discovery PLC  24 April 2026

24 April 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Update on Admission of Shares

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, announces that, further to the announcement of 22 April 2026
regarding the publication of a prospectus and admission of new ordinary shares
("Shares"), the number of Shares that will be admitted to trading on the Main
Market of the London Stock Exchange on Monday 27 April will now be
364,821,733.

 

The decrease in the number of Shares being admitted is principally due to the
fact that, of the 330 million Shares to be issued in connection with
the acquisition of 90% of the Paterson Gold-Copper-Molybdenum Project, only
100 million Shares have been issued to date with the balance only to be issued
at later dates based on the achievement of certain milestones.  In addition,
the number of Shares issued in connection with the conversion of outstanding
convertible loan notes was 14,121,370 rather than the 20 million anticipated.

 

The Directors are working with their advisers to prepare a supplementary
prospectus for submission to FCA, in connection with the change in the number
of Shares issued and being admitted at this time.

 

 

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

-END-

 

For Further Information, please contact:

 

 Cloudbreak Discovery PLC  Peter Huljich, Chairman          Tel: +44 +44 207 317 0650

                           Tom Evans, Managing Director
 AlbR Capital Limited      David Coffman / Dan Harris       Tel: +44 207 469 0930

 (Financial Adviser)
 Marex Financial           Angelo Sofocleous / Matt Bailey  Tel: +44 (0) 207 655 6000

 (Broker)                                                   Email: corporate@marex.com

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCIIMTTMTITBJF



            Copyright 2019 Regulatory News Service, all rights reserved