Director/PDMR/PCA Shareholding
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Panther Securities PLC announces that it was informed today that Andrew Perloff, Executive Chairman, today sold 300,000 ordinary shares of 25 pence each ("Ordinary Shares") through the market at a price of 329.9 pence per Ordinary Share from his own direct beneficial holding to Portnard Limited ("Portnard"), a person closely associated with Andrew Perloff, who acquired the 300,000 Ordinary Shares at a price of 330 pence per Ordinary Share (the "Transfer").
Following the Transfer, Andrew Perloff and Portnard have the following interests in the Company:
| Name | Number of ordinary shares held | Percentage of voting rights in the Company now held |
|---|---|---|
| Andrew Perloff | 3,715,860 | 21.30% |
| Portnard Limited | 8,705,175 | 49.91% |
The Panel on Takeovers and Mergers (the "Panel") has been consulted in relation to the Transfer in respect of Note 4 on Rule 9.1 and has agreed to waive the requirement of Rule 9 of the City Code on Takeovers and Mergers (the "Code") for Portnard to make a mandatory offer for the Company.
Further details are set out in the FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, which are appended further below.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1) Andrew Perloff 2) Portnard Limited |
| 2. | Reason for the Notification | |
| a) | Position/status | 1) Executive Chairman 2) Person closely associated with Andrew Perloff |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Panther Securities PLC |
| b) | LEI | 2138007J2Y5R916YE715 |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 25 pence each |
| Identification code | ISIN: GB0005132070 | |
| b) | Nature of the transaction | 1) Sale of ordinary shares of 25 pence each 2) Purchase of ordinary shares of 25 pence each |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1) 329.9 pence per ordinary share 1) 300,000 2) 330 pence per ordinary share 2) 300,000 |
| d) | Aggregated information: -Aggregated volume -Price | n/a |
| e) | Date of the transaction | 17 October 2024 |
| f) | Place of the transaction | London Stock Exchange, XLON |
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