Cobalt Blue Holdings Limited: Shareholders Retain 75% of Free Attaching Options
09.05.2017 | ABN Newswire
Sydney, Australia (ABN Newswire) - Cobalt Blue (ASX:COB) is pleased to announce that 75% (21.2 million) of COB's options outstanding (28.2 million) vested on 2 May 2017, with COB making application for 10.3 million of vested COB options now quoted on the Australian Securities Exchange (ASX) - effective 9 May 2017 (ASX.COBO).The remaining 10.9 million vested COB options are ASX escrowed for 24 months to 2 February 2019, when COB will apply for their ASX quotation.
COB's free attaching options were subject to a vesting condition that the shareholder retains their initial COB shares until the date that is three months following the commencement of trading of COB's shares on the ASX (Vesting Date).
COB's shares commenced trading on the ASX on 2 February 2017.
For those COB shareholders who retained their initial COB shares, the free attaching COB options vested on 2 May 2017.
A 75% retention rate of COB shares and options is a positive result, and shows strong shareholder support for COB.
About Cobalt Blue Holdings Limited:
Cobalt Blue Holdings Ltd. (ASX:COB) is an exploration company focussed on green energy technology and a strategy of fast-tracking development of the Thackaringa Cobalt Project in New South Wales to achieve commercial production of cobalt. This strategic metal is in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.<
Contact:
Ian Morgan Company Secretary
Cobalt Blue Holdings Ltd.
www.cobaltblueholdings.com