Issue of Equity – In Lieu of Director Fees
Panthera Resources Plc has issued 158,337 new ordinary shares at an average price of 16.973 pence per share to settle accrued fees for its non-executive directors covering the period from October 2025 to March 2026. This equity issuance, totaling £26,870, reduces cash expenditures and aligns director interests with shareholders. Following admission to trading on AIM around April 13, 2026, the company's total issued share capital will be 258,298,088 ordinary shares.
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Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces the issue of 158,337 new ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares"), at an average issue price of 16.973 pence per new Ordinary Share (the "Issue Price") to settle certain director fees.
The Company has agreed to issue 158,337 new Ordinary Shares in order to satisfy the Company's non-executive directors' accrued fees for the period between October 2025 to 31 March 2026 (together the "Fee Shares").
The issue of equity in order to satisfy accrued fees has been done in previous years in relation to the Company's non-executive directors. In this regard, the issue of the Fee Shares reduces the Company's cash expenditures and further aligns the interests of the Company's board of directors with the Company's shareholders. The Fee Shares were priced at the 30-day volume-weighted average price in the month preceding each respective fee period. Further details of the Fee Shares are as follows:
| Name (Title) (Description) | PRICE PER Fee SHARE | NUMBER OF Fee SHARES ISSUED | beneficial SHARES HELD AFTER ISSUE | % HOLDING POST ISSUE |
|---|---|---|---|---|
| MICHAEL HIGGINS (Chairman) | ||||
| 50% fees Oct-Mar 2026 | £0.16973 | 51,552 | ||
| Total | 51,552 | 9,795,825 | 3.79% | |
| David Stein (Director) | ||||
| 50% fees Oct-Mar 2026 | £0.16973 | 29,458 | ||
| Total | 29,458 | 871,941 | 0.34% | |
| Catherine Apthorpe (Director) | ||||
| 50% fees Oct-Mar 2026 | £0.16973 | 29,458 | ||
| Total | 29,458 | 831,785 | 0.32% | |
| Timothy Hargreaves (Director) | ||||
| 50% fees Oct-Mar 20256 | £0.16973 | 47,869 | ||
| Total | 47,869 | 3,005,320 | 1.16% | |
| Grand Total | 158,337 | |||
Application for Admission
Application has been made for the 158,337 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 13 April 2026 ("Admission").
Following Admission, the Company's issued share capital will comprise 258,298,088 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| 2. | Reason for the Notification | |
| a) | Position/status | See 1a) above |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Panthera Resources Plc |
| b) | LEI | 213800IB98EG6736XN82 |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1p each in Panthera Resources Plc |
| Identification code | ISIN: GB00BD2B4L05 | |
| b) | Nature of the transaction | Fee Shares |
| c) | Price(s) and volume(s) | Name Price(s) Volume(s) Michael Higgins £0.16973 51,552 Catherine Apthorpe £0.16973 29,458 David Stein £0.16973 29,458 Timothy Hargreaves £0.16973 47,869 |
| d) | Aggregated information: | |
| - Aggregated volume | 158,337 | |
| - Price | £0.16973 | |
| e) | Date of the transaction | 9 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.