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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Panthera Resources Plc | LSE:PAT | London | Ordinary Share | GB00BD2B4L05 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.15 | 4.80 | 5.50 | 5.20 | 5.15 | 5.15 | 8,050 | 08:00:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -3.14M | -0.0184 | -2.80 | 8.81M |
TIDMPAT
RNS Number : 9570K
Panthera Resources PLC
02 September 2019
2 September 2019
Panthera Resources Plc
("Panthera" or "the Company")
Issue of Equity and Directors Shareholdings
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, announces the issue of equity today to its Directors and service providers in lieu of fees.
Pursuant to an agreement between the Company and its Directors and key service providers, the Company has today issued 2,605,195 new Ordinary Shares. These shares represent payment for 50% of the fees incurred by the Company during the period beginning 1 September 2018 and ending 30 June 2019 and has been a very successful program aimed at reducing the Company's cash expenditures. The shares were priced at the 30-day VWAP in the month preceding each respective fee period.
Details of the shares issued to Directors is as follows:
Name Title Description Price Number of Shares Held % Holding PER SHARE shares Issued After Issue post issue ================ =========== ===================== ============ =============== ============= ========== Michael Higgins Chairman 50% fees Oct-Dec-18 GBP0.0258 106,064 ----------- --------------------- ------------ --------------- ------------- ---------- 50% fees Jan-Mar 19 GBP0.0272 102,850 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Apr-Jun 19 GBP0.1031 26,105 --------------------- ----------------------------------------- --------------- ------------- ---------- Avg price GBP0.0520 235,019 7,682,808 10.2% --------------------- ----------------------------------------- --------------- ------------- ---------- Managing Geoff Stanley Director 50% fees Sep-18 GBP0.0423 123,412 ----------- --------------------- ------------ --------------- ------------- ---------- 50% fees Oct-18 GBP0.0258 194,451 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Nov-18 GBP0.0255 196,524 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Dec-18 GBP0.0202 253,930 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Jan-19 GBP0.0272 188,558 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Feb-19 GBP0.0276 183,059 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Mar-19 GBP0.0628 80,308 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Apr-19 GBP0.1031 47,859 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees May-19 GBP0.1086 45,970 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Jun-19 GBP0.0994 50,048 --------------------- ----------------------------------------- --------------- ------------- ---------- Avg price GBP0.0542 1,364,119 3,114,119 4.1% --------------------- ----------------------------------------- --------------- ------------- ---------- David Steins Director 50% fees Oct-Dec-18 GBP0.0258 53,032 ----------- --------------------- ------------ --------------- ------------- ---------- 50% fees Jan-Mar 19 GBP0.0272 51,425 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Apr-Jun 19 GBP0.1031 13,053 --------------------- ----------------------------------------- --------------- ------------- ---------- Avg price GBP0.0520 117,510 117,510 0.2% --------------------- ----------------------------------------- --------------- ------------- ---------- Tim Hargreaves Director 50% fees Oct-Dec-18 GBP0.0258 53,032 ----------- --------------------- ------------ --------------- ------------- ---------- 50% fees Jan-Mar 19 GBP0.0272 51,425 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Apr-Jun 19 GBP0.1031 13,053 --------------------- ----------------------------------------- --------------- ------------- ---------- Avg price GBP0.0520 117,510 1,631,795 2.2% --------------------- ----------------------------------------- --------------- ------------- ---------- Catherine Apthorpe Director 50% fees Oct-Dec-18 GBP0.0258 53,032 ----------- --------------------- ------------ --------------- ------------- ---------- 50% fees Jan-Mar 19 GBP0.0272 51,425 --------------------- ----------------------------------------- --------------- ------------- ---------- 50% fees Apr-Jun 19 GBP0.1031 13,053 --------------------- ----------------------------------------- --------------- ------------- ---------- Avg price GBP0.0520 117,510 117,510 0.2% --------------------- ----------------------------------------- --------------- ------------- ----------
Application will be made to the London Stock Exchange for 2,605,195 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 9 September 2019 ("Admission"). The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.
Following Admission of the new Ordinary Shares, the issued ordinary share capital of Panthera will consist of 75,210,751 Ordinary Shares.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued Ordinary Share capital of Panthera following this allotment consists of 75,210,751 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Panthera under the DTRs.
Geoff Stanley, Managing Director said "By choosing to take half of their fees and wages in shares, directors and the service providers have effectively elected to use half of their remuneration to purchase shares at market prices prevailing at the time their fees were due. While designed to minimise the Company's cash expenditures, it is immensely gratifying to see this clear message of support and confidence in Panthera's prospects."
Enquiries
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.
PDMR Notifications
1 Details of the person discharging managerial responsibilities/person closely associated a) Name: Michael Higgins ------------------------------- -------------------------------------- b) Position/Status: Chairman ------------------------------- -------------------------------------- c) Initial notification/ Initial notification Amendment: ------------------------------- -------------------------------------- 2 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 Ordinary shares of 0.01p each financial instrument, type of instrument: 2138001B98EG6736XN82 Identification code: ------------------------------- -------------------------------------- b) Nature of the transaction: Shares issued in lieu of Director
Fees ------------------------------- -------------------------------------- c) Price(s) and Volume(s): Price(s) Volume(s) 2.58p 106,064 ---------- 2.72p 102,850 ---------- 10.31p 26,105 ---------- ------------------------------- -------------------------------------- d) Aggregated Information: Additional shares in this report - Aggregated Volume 235,019 ------------------------------- -------------------------------------- e) Date of the transaction: 2 September 2019 ------------------------------- -------------------------------------- f) Place of the transaction: London Stock Exchange ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name: Geoffrey Stanley ------------------------------- -------------------------------------- b) Position/Status: Managing Director ------------------------------- -------------------------------------- c) Initial notification/ Initial notification Amendment: ------------------------------- -------------------------------------- 2 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 Ordinary shares of 0.01p each financial instrument, type of instrument: 2138001B98EG6736XN82 Identification code: ------------------------------- -------------------------------------- b) Nature of the transaction: Shares issued in lieu of Managing Director Fees ------------------------------- -------------------------------------- c) Price(s) and Volume(s): Price(s) Volume(s) 4.23p 123,412 ---------- 2.58p 194,451 ---------- 2.55p 196,524 ---------- 2.02p 253,930 ---------- 2.72p 188,558 ---------- 2.76p 183,059 ---------- 6.28p 80,308 ---------- 10.31p 47,859 ---------- 10.86p 45,970 ---------- 9.94p 50,048 ---------- ------------------------------- -------------------------------------- d) Aggregated Information: Additional shares in this report - Aggregated Volume 1,364,119 ------------------------------- -------------------------------------- e) Date of the transaction: 2 September 2019 ------------------------------- -------------------------------------- f) Place of the transaction: London Stock Exchange ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name: Catherine Apthorpe ------------------------------- -------------------------------------- b) Position/Status: Non-executive director ------------------------------- -------------------------------------- c) Initial notification/ Initial notification Amendment: ------------------------------- -------------------------------------- 2 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 Ordinary shares of 0.01p each financial instrument, type of instrument: 2138001B98EG6736XN82 Identification code: ------------------------------- -------------------------------------- b) Nature of the transaction: Shares issued in lieu of Director Fees ------------------------------- -------------------------------------- c) Price(s) and Volume(s): Price(s) Volume(s) 2.58p 53,032 ---------- 2.72p 51,425 ---------- 10.31p 13,053 ---------- ------------------------------- -------------------------------------- d) Aggregated Information: Additional shares in this report - Aggregated Volume 117,510 ------------------------------- -------------------------------------- e) Date of the transaction: 2 September 2019 ------------------------------- -------------------------------------- f) Place of the transaction: London Stock Exchange ------------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name: David Stein -------------------------------- ------------------------------------- b) Position/Status: Non-executive director -------------------------------- ------------------------------------- c) Initial notification/ Initial notification Amendment: -------------------------------- ------------------------------------- 2 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 Ordinary shares of 0.01p each financial instrument, type of instrument: 2138001B98EG6736XN82 Identification code: -------------------------------- ------------------------------------- b) Nature of the transaction: Shares issued in lieu of payment of fees -------------------------------- ------------------------------------- c) Price(s) and Volume(s): Price(s) Volume(s) 2.58p 53,032 ---------- 2.72p 51,425 ---------- 10.31p 13,053 ---------- -------------------------------- ------------------------------------- d) Aggregated Information: Additional shares in this report - Aggregated Volume 117,510 -------------------------------- ------------------------------------- e) Date of the transaction: 2 September 2019 -------------------------------- ------------------------------------- f) Place of the transaction: London Stock Exchange -------------------------------- ------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name: Timothy Hargreaves ----------------------------- ---------------------------------------- b) Position/Status: Non-executive Director ----------------------------- ---------------------------------------- c) Initial notification/ Initial Notification Amendment: ----------------------------- ---------------------------------------- 2 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 Panthera Resources PLC ordinary shares financial instrument, type of instrument: 2138001B98EG6736XN82 Identification code: ----------------------------- ---------------------------------------- b) Nature of the transaction: Shares issued in lieu of Director Fees
----------------------------- ---------------------------------------- c) Price(s) and Volume(s): Price(s) Volume(s) 2.58p 53,032 -------------- 2.72p 51,425 -------------- 10.31p 13,053 51,425 -------------- ----------------------------- ---------------------------------------- d) Aggregated Information: Additional shares in this report - Aggregated Volume 117,510 ----------------------------- ---------------------------------------- e) Date of the transaction: 2 September 2019 ----------------------------- ---------------------------------------- f) Place of the transaction: London Stock Exchange (AIM) ----------------------------- ----------------------------------------
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 or visit www.rns.com.
END
DSHSSLFIEFUSELU
(END) Dow Jones Newswires
September 02, 2019 11:48 ET (15:48 GMT)
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