Director/PDMR Shareholding
Executive Chairman David Hobbs purchased 980,455 shares at 20.80p following placement admission to AIM.
- Shares purchased by David Hobbs 980,455
- Purchase price per share 20.80p
- David Hobbs post-purchase shareholding 3,697,684 shares (0.4%)
- Total contiguous acreage 193,000 acres
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Pantheon Resources plc (AIM: PANR) ("Pantheon" or "the Company"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 193,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, is pleased to announce that further to the announcement of 14 November 2023, the New Ordinary Shares have admitted to trading on AIM on 31 January 2024.
As part of the Placement, IPGL subscribed for 10,857,562 New Ordinary Shares at the Placement Price of 20.80p and David Hobbs, Pantheon's Executive Chairman, agreed to acquire shares from IPGL immediately following closing of the Placement, which has now occurred. Accordingly, David Hobbs has purchased 980,455 shares from IPGL at the Placement Price. Following the purchase, his ultimate beneficial ownership increases to 3,697,684 shares, representing 0.4% of the Company's total voting rights. This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.
Details of the transaction are reported in the PDMR notification below:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | David Hobbs | |
| 2 | Reason for the notification | ||
| a) | Position/status | Executive Chairman | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Pantheon Resources plc | |
| b) | LEI | 213800SWHY5DNQS64J23 | |
| c) | Currency | GBP | |
| d) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| 20.80p | 980,455 | ||
| e) | Aggregated information - Aggregated volume - Price | As above | |
| f) | Date of the transaction | 31 January 2024 | |
| g) | Place of the transaction | Off market trade |
All capitalised terms have the same meaning as in the Company's announcement of 14 November 2023, unless stated otherwise.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.