22nd Apr 2026 12:30
22 April 2026
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Publication of Prospectus
Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce that, it has today published a Prospectus. The Prospectus, which has been approved by the Financial Conduct Authority ("FCA"), is available on the Company's website at https://www.cdl-plc.com/company-presentation/ and will also be available at the FCA's Document Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Prospectus has been published to enable the issue and admission to the Official List and to trading on the Main Market of the London Stock Exchange ("Admission") of 600,700,363 new ordinary shares of £0.001 each ("Shares"), as follows:
1) 95,700,363 Shares in respect of the stock lending agreement ("SLA") entered into on 27 August 2025;
2) 2,000,000 Shares in respect of the borrowing fee agreed in connection with the SLA;
3) 119,000,000 Shares to be issued in respect of agreements with the Directors;
4) 330,000,000 Shares to be issued pursuant to Paterson Tenement Agreement entered into on 8 February 2026;
6) 20,000,000 Shares pursuant to the conversion of Convertible Loan Notes issued on 11 July 2023;
7) 34,000,000 Shares to certain creditors of the Company.
In addition, the Prospectus will enable the potential issue of up to 330,357,145 new ordinary shares ("Warrant Shares") to the investors who participated in the recent placing announced by the Company on 22 January 2026 and who are entitled to receive warrants ("Fundraising Warrants") on the publication of the Prospectus. No Warrant Shares will be issued or admitted to trading on Admission; they will only be issued and admitted at the time each Fundraising Warrant is exercised.
For the avoidance of doubt, no new funds are being raised in conjunction with the publication of the Prospectus.
Application will be made for Admission of the 600,700,363 Shares. It is expected that Admission will become effective on or around 27 April 2026. The Shares will rank pari passu with the existing ordinary shares of the Company.
On Admission, the Company's issued ordinary share capital shall consist of 2,451,748,267 ordinary shares with each ordinary share carrying the right to one vote. Accordingly, the figure of 2,451,748,267 represents the total voting rights in the Company and should be the figure 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 FCA's Disclosure Guidance & Transparency Rules.
Director Dealings
The Directors will receive the following Shares:
Peter Huljich - 48m;
Tom Evans - 36m
Emma Priestley - 35m
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 Tom Evans, Managing Director | Tel: +44 +44 207 317 0650
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AlbR Capital Limited (Financial Adviser) | David Coffman / Dan Harris | Tel: +44 207 469 0930 |
Marex Financial (Broker) | Angelo Sofocleous / Matt Bailey | Tel: +44 (0) 207 655 6000 Email: [email protected] |
About Cloudbreak Discovery PLCLSE listed Cloudbreak Discovery PLC is a leading gold, precious and base metals resource explorer. Cloudbreak is focused on mineral exploration in Western Australia with the aim of bringing near-term cashflow and driving shareholder value. Through its wholly owned subsidiaries, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities with high intrinsic value. Cloudbreak's generative model across the mineral sector enables a multi-asset approach to investing in the commodity cycle.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | 1) Peter Huljich 2) Tom Evans 3) Emma Priestley | ||||||||
2. | Reason for the notification | |||||||||
a) | Position/status | 1) Director 2) Director 3) Director | ||||||||
b) | Initial notification / Amendment | Initial Notification | ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Cloudbreak Discovery PLC | ||||||||
b) | LEI | 213800ZLZVEPOS7YID88 | ||||||||
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, type of instrument | Ordinary shares of £0.001 | ||||||||
Identification code | GB00B44LQR57 | |||||||||
b) | Nature of the transaction | Conversion of debt | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregate information | |||||||||
- Aggregate volume | 119,000,000 | |||||||||
- Total Price | £343,000 | |||||||||
e) | Date of the transaction | 22 April 2026 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
g) | Additional information | N/A | ||||||||
Related Shares:
Cloudbreak