Panther Securities Update on refinance, property, accounts & dividend

 
TIDMPNS 
 
26 May 2021 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
                            Panther Securities PLC 
                        (the "Company" or the "Group") 
 
Update on refinance, property valuations and annual accounts and declaration of 
                                   dividend 
 
Further to the Company's announcement made on 23 March 2021, the Board provides 
the following updates: 
 
Refinance 
 
The Group is pleased to confirm that credit approval has been obtained for the 
refinancing of our term loans from the second Lender.  The refinancing 
therefore has full credit approval from both Lenders and is expected to 
complete by the end of the July 2021 (which was the current extension).  The 
new facility is a £66 million three year term loan, a reduction from the 
current £75 million facility. 
 
Property valuations 
 
Following confirmation of the full credit approval, the Board confirms that the 
valuation figures reported on 26 February 2021 are now final. 
 
Declaration of Dividend 
 
The Directors are pleased to announce that an interim dividend of 6p per share 
has been declared for the year ended 31 December 2020.  This will be payable on 
2 July 2021 to shareholders on the register at the close of business on 11 June 
2021 (ex-dividend on 10 June 2021). In addition, the Directors intend to 
propose a final dividend of 6p per share for the year ended 31 December 2020. 
Subject to shareholder approval at the next annual general meeting of the 
Company (currently expected to be on 30 June 2021), this final dividend will be 
payable on 14 October 2021 to shareholders on the register at the close of 
business on 3 September 2021 (ex-dividend on 2 September 2021). 
 
Results for the year ended 31 December 2020 
 
The results for the year ended 31 December 2020 have been announced separately 
today. 
 
For further information: 
 
Panther Securities plc:                               Tel: [phone] 
 
Andrew Perloff/ Simon Peters 
 
Allenby Capital Limited (Nomad and Joint              Tel: [phone] 
Broker) 
 
David Worlidge/ Alex Brearley 
 
 
 
END 
 
 

(END) Dow Jones Newswires

May 26, 2021 02:00 ET (06:00 GMT)