Vesting of Previously Granted RSUs and TVR
Pantheon Resources plc announced the vesting of 3,960,468 Restricted Stock Units (RSUs), comprising 2,703,058 from 2024 grants and 1,257,410 from 2025 grants. Following tax withholdings, approximately 3,575,136 new ordinary shares will be allotted, bringing the total issued share capital to 1,457,902,447 shares, each with equal voting rights. This figure will serve as the denominator for shareholders' notification obligations under the FCA's Disclosure Guidance and Transparency Rules.
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Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun projects on Alaska's North Slope, announces the vesting of previously granted Restricted Stock Units ("RSUs") pursuant to Pantheon's Employee Stock Ownership Plan ("ESOP"), as announced in 2024 and 2025.
Vesting of Previously Granted RSUs
The Company announces that 3,960,468 RSUs have vested, of which 2,703,058 RSUs vested pursuant to the ESOP granted in 2024 and 1,257,410 RSUs vested pursuant to the ESOP granted in 2025. These amounts represent the gross, pre-tax RSU awards. Following allotment, the resultant PDMR shareholdings will be as outlined in the table below:
| PDMR (Person Discharging Managerial Responsibilities) | Total Previously Granted RSUs | Ordinary Shares issued pursuant to RSUs Vested - April 2026* | Total Number of Ordinary Shares held following vesting | Total Ordinary Shares held as a % of Issued Share Capital |
|---|---|---|---|---|
| Max Easley | 728,699 | 155,511 | 190,156 | 0.01% |
| Tralisa Maraj | 375,000 | 73,437 | 73,437 | 0.01% |
| Erich Krumanocker | 375,000 | 87,937 | 87,937 | 0.01% |
*Vested RSUs net of tax
Total Voting Rights
A total of approximately 3,575,136 new shares will be allotted, representing the combined total of the 2024 and 2025 RSU vestings referenced above after taking into account certain tax withholdings. Following this allotment Pantheon will have 1,457,902,447 Ordinary Shares in issue. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in Pantheon as at the date of this announcement is therefore 1,457,902,447. 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Max Easley 2. Tralisa Maraj 3. Erich Krumanocker |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Development Officer |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Pantheon Resources plc |
| b) | LEI | 213800SWHY5DNQS64J23 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares ISIN: GB00B125SX82 |
| b) | Nature of the transaction | Post tax Vesting of RSUs into Ordinary Shares for nil consideration |
| c) | Price(s) and volumes(s) | 1. 155,511 2. 73,437 3. 87,937 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 2 4 April 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.