RNS Number : 2948Y
Panther Metals PLC
30 July 2024
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

CERTAIN INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR") AS APPLIED IN THE UNITED KINGDOM. UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

30 July 2024

Panther Metals plc

("Panther" or the "Company")

 

Director Dealing

 

The Company announces that it received notification on 28 July that Darren Hazelwood, the chief executive officer of the Company, had exercised the conversion rights attaching to the £56,000 of convertible loan notes held by him in respect of principal and accrued interest of £9,520. As a consequence, Mr Hazelwood will be issued with 63,922 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of £1.025 per Ordinary Share.

 

Admission

 

Application will be made to the Financial Conduct Authority for admission of the new Ordinary Shares to the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the new Ordinary Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on 5 August 2024 and that dealings in the new Ordinary Shares on the LSE's Main Market for listed securities will commence at the same time.

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital consists of 4,110,147 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

 

Therefore, following Admission, the total number of voting rights in Panther Metals plc is 4,110,147. This figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Interests in shares

 

Following this transaction, Mr Hazelwood is now interested in 255,389 Ordinary Shares, which represents 6.21% of the Company's existing issued Ordinary Share capital. The notification shown below, made pursuant to Article 19(3) of the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310), provides further details.

 

For further information:

 

Panther Metals PLC:

Darren Hazelwood, Chief Executive Officer:   +44(0) 1462 429 743

                                                                          +44(0) 7971 957 685

Brokers:

Tavira Financial Limited                     

Christopher James Kipling                                +44(0) 203 833 3743

SI Capital Limited

Nick Emerson                                                   +44(0) 1438 416 500

Axis Capital Markets Limited

Ben Tadd

Lewis Jones                                                      +44 (0)20 3026 0449

 


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Darren Hazelwood

2

Reason for the notification

a)

Position/status 

PDMR, CEO of the Company

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Panther Metals plc

b)

LEI

213800FE99O4CN3DJU27

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument 

Identification code 

Ordinary shares of no par value

ISIN IM00BRF2WV49

 

b)

Nature of the transaction 

Exercise of conversion rights and accrued interest

c)

Price(s) and volume(s)

 

Price(s) Volumes

£1.025 pence 63,922

d)

 

Aggregated information

 

N/A (Single transaction)

 

 

e)

Date of the transaction

28 July 2024

f)

Place of the transaction

Off market

 

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