Director/PDMR Shareholding
Panthera Resources Plc announced that Managing Director Mark Bolton transferred 1,420,045 ordinary shares to his spouse and 412,765 ordinary shares to his daughter for nil consideration, citing financial settlement and estate planning respectively. Following these transfers, his spouse now holds approximately 0.51% and his daughter 0.15% of the company's issued share capital. Mr. Bolton directly holds no ordinary shares but is indirectly interested in 1,832,810 shares, which is expected to reduce to 412,765 shares post-divorce finalisation. He retains executive incentive options over 4,500,000 shares, with details of vesting conditions and exercise prices provided.
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Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces that it has been notified that on 12 October 2026, Mark Bolton, Managing Director of Panthera, made the following transfers of ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares"):
- 1,420,045 Ordinary Shares to his spouse, Jayne Elizabeth Bolton, a person closely associated with Mr. Bolton, for nil consideration. This transfer has been made to affect a financial settlement pursuant to a pending divorce.
- 412,765 Ordinary Shares to his daughter, Molly Elizabeth Bolton, a person closely associated with Mr. Bolton, for nil consideration. This transfer has been made to affect certain estate planning arrangements.
As a result of the above transfers, Jayne Elizabeth Bolton and Molly Elizabeth Bolton now directly hold 1,420,045 and 412,765 Ordinary Shares, respectively, representing approximately 0.51% and 0.15%, respectively, of the Company's issued share capital.
Furthermore, Mr. Bolton is now directly interested in nil Ordinary Shares and indirectly in 1,832,810 Ordinary Shares. It is anticipated that following the issue of a final court order in relation to the pending divorce, Mr. Bolton's indirect interest will reduce to 412,765 Ordinary Shares (representing the Ordinary Shares held directly by Mr. Bolton's daughter, Molly Elizabeth Bolton).
- Bolton's fully diluted interest in the Company
- Bolton will continue to directly hold executive incentive options over 4,500,000 new Ordinary Shares (the "Executive Incentive Options"). Details in relation to the Executive Incentive Options were announced by the Company on 29 July 2024.
In the hypothetical event that Mr. Bolton exercised his Executive Incentive Options in full, he would directly hold 4,500,000 Ordinary Shares, representing approximately 1.60% of the Company's issued share capital as enlarged by the exercise of these Options.
As disclosed in the Company's announcement on 29 July 2024, the Executive Incentive Options granted to Mr. Bolton are subject to, amongst other matters, certain vesting conditions, a summary of which is as follows:
- 500,000 options exercisable at 8.0 pence, vested 29 July 2024, expiring 31 March 2027;
- 1,000,000 options exercisable at 12.5 pence, vested 1 April 2025, expiring 31 March 2029;
- 1,000,000 options exercisable at 15.0 pence, vested 1 April 2026, expiring 31 March 2029;
- 1,000,000 options exercisable at 17.5 pence, vesting 1 April 2027, expiring 31 March 2029; and
- 1,000,000 options exercisable at 20.0 pence, vesting 1 April 2028, expiring 31 March 2029.
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are set out at the end of this announcement.
Notification of Dealing Forms
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mark Bolton |
| 2. | Reason for the Notification | |
| a) | Position/status | Managing Director of Panthera Resources Plc |
| 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 ("Ordinary Shares") |
| Identification code | ISIN: GB00BD2B4L05 | |
| b) | Nature of the transaction | Transfer of Ordinary Shares for nil consideration to Jayne Elizabeth Bolton and Molly Elizabeth Bolton |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Recipient £Nil 1,420,045 Jayne Elizabeth Bolton £Nil 412,765 Molly Elizabeth Bolton |
| d) | Aggregated information: | |
| - Aggregated volume | N/A | |
| - Price | N/A | |
| e) | Date of the transaction | 9 and 11 October 2026 respectively |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jayne Elizabeth Bolton |
| 2. | Reason for the Notification | |
| a) | Position/status | PCA of Mark Bolton |
| 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 ("Ordinary Shares") |
| Identification code | ISIN: GB00BD2B4L05 | |
| b) | Nature of the transaction | Receipt of Ordinary Shares for nil consideration from Mark Bolton |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £Nil 1,420,045 |
| d) | Aggregated information: | |
| - Aggregated volume | N/A | |
| - Price | N/A | |
| e) | Date of the transaction | 9 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Molly Elizabeth Bolton |
| 2. | Reason for the Notification | |
| a) | Position/status | PCA of Mark Bolton |
| 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 ("Ordinary Shares") |
| Identification code | ISIN: GB00BD2B4L05 | |
| b) | Nature of the transaction | Receipt of Ordinary Shares for nil consideration from Mark Bolton |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £Nil 412,765 |
| d) | Aggregated information: | |
| - Aggregated volume | N/A | |
| - Price | N/A | |
| e) | Date of the transaction | 11 October 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.