Equity Financing Update
Panthera Resources Plc announced that 1,191,923 new Ordinary Shares, valued at approximately £0.21 million, will be admitted to trading on AIM around September 28, 2026. The company is also issuing 450,000 new Ordinary Shares at 16.6 pence each to settle advisory fees, preserving cash resources. In director dealing news, Non-Executive Chairman Michael Higgins sold 2,500,000 Ordinary Shares at 17.5 pence per share, reducing his holding to 7,295,825 shares, representing approximately 2.66% of the company's issued share capital. Following these admissions, the company's total issued share capital will be 276,083,954 Ordinary Shares.
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Gold exploration and development company Panthera Resources Plc (AIM: PAT), provides the following update in respect of the Company's equity financing, details of which were most recently announced on 9 September 2026.
Following completion of First Admission, the remaining 1,191,923 new Ordinary Shares representing approximately £0.21 million will admit to trading on AIM on or around 28 September 2026 ("Second Admission").
Shares in Lieu of Fees
The Company has agreed to issue 450,000 new Ordinary Shares, at a deemed issue price of 16.6 pence per new Ordinary Share, in settlement of certain advisory fees owed to a consultant. The issue price reflects the Company's prevailing share price at the time of commencement of the engagement. The issue of new Ordinary Shares in lieu of payment of cash preserves the Company's resources while satisfying the outstanding fees.
Director/PDMR Dealing
Further to the Company's announcement on 3 September 2026, the Company has been notified that Michael Higgins, Non-Executive Chairman of the Company, has sold 2,500,000 Ordinary Shares at a price of 17.5 pence per Ordinary Share.
Following this sale, Mr Higgins holds 7,295,825 Ordinary Shares, representing approximately 2.66% of the Company's current issued share capital.
Application for Admission
Application has been made to the London Stock Exchange plc for 1,641,923 new Ordinary Shares to be admitted to trading on the AIM. It is expected that Second Admission will become effective and that dealings in the 1,641,923 new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 28 September 2026.
Following Second Admission, the Company's issued share capital will comprise 276,083,954 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.
Unless otherwise defined, definitions contained in this announcement have the same meaning as set out in the announcement made by the Company on 9 September 2026.
| a) | Name | Michael Higgins | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Chair | ||||
| 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 | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: | |||||
| - Aggregated volume | N/A | |||||
| - Price | N/A | |||||
| e) | Date of the transaction | 21 September 2026 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.