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LONDON - Cobalt Holdings plc, a company previously indicating its intention to float, has confirmed the approval and publication of its prospectus by the Financial Conduct Authority (FCA) today. The prospectus is related to the potential global offer of the company’s ordinary shares and the subsequent admission of these shares to the Official List of the FCA and to trading on the London Stock Exchange (LON:LSEG)’s Main Market.
This move follows Cobalt Holdings’ announcement on May 19, 2025, about its confirmation of intention to float. The company’s prospectus details the global offer, which is composed of an institutional offer and a retail offer for UK investors through RetailBook. The prospectus will be accessible on Cobalt Holdings’ website, adhering to certain restrictions.
The expected commencement of unconditional dealings, known as Admission, is slated for 8.00 am (UK time) on June 10, 2025. This event marks a significant step for Cobalt Holdings as it transitions into a publicly-traded entity, potentially widening its investor base and enhancing its financial flexibility.
It is important to note that the prospectus does not constitute an offer of securities for sale in jurisdictions where such an offer would be unlawful, including the United States, Canada, Australia, and Japan. The company’s ordinary shares have not been registered under the US Securities Act of 1993 and, therefore, cannot be offered or sold in the United States except under specific exemptions.
The prospectus contains important information for potential investors, including risk factors associated with the investment. Cobalt Holdings has advised that any investment decisions should be made solely on the basis of the information provided in the prospectus.
The publication of the prospectus is a regulatory requirement and is intended to provide potential investors with the necessary information to make an informed decision about investing in the company’s shares. Cobalt Holdings has not yet made a final decision on the global offer, and as such, there is no guarantee that the offer will proceed or that the prospectus will lead to Admission.
This announcement is based on a press release statement and is intended for informational purposes only. Potential investors are encouraged to consult a professional advisor to assess the suitability of the global offer for their individual circumstances.
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