Results of WRAP Offer
Panther Metals PLC announced the result of its WRAP Retail Offer, revealing that it has raised gross proceeds of approximately £55,569.60. The company will issue 92,616 new Ordinary Shares as a result. In total, the Placing and the WRAP Retail Offer have raised gross proceeds of approximately £655,569.60 for the Company, via the Placing of 1,092,616 New Ordinary Shares. Following admission, the Company's issued ordinary share capital will consist of 6,983,986 Ordinary Shares, each with one voting right. Admission to the Official List and trading on the London Stock Exchange is expected to be effective on or around 31 October 2025.
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Panther Metals Plc (LSE: PALM), the development and exploration company focused on mineral projects in Canada, is pleased to confirm, further to the announcements made on 28 October 2025, that it has raised aggregate gross proceeds of approximately £55,569.60 pursuant to the WRAP Retail Offer, alongside the Placing. Accordingly, the Company will issue a total of 92,616 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In total, the Placing and the WRAP Retail Offer have raised gross proceeds of approximately £655,569.60 for the Company, via the Placing of 1,092,616 New Ordinary Shares.
Admission and Total Voting Rights
Applications have been made for the New Ordinary Shares to be admitted to listing on the equity shares (transition) category of the Official List maintained by the FCA and to trading on the main market for listed securities of the LSE will become effective on or around 31 October 2025 ("Admission").
Upon Admission, the Company's issued ordinary share capital will consist of 6,983,986 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 6,983,986. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will 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 and Transparency Rules.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, and the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcements released at 7am and 7.05am on 28 October 2025.
The Company's LEI is 213800FE99O4CN3DJU27.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.