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Pantheon Resources PLC - oil & gas exploration company focused on the Alaska North Slope - CHONS LLS requests conversion of 14.3 million of its 102.5 million non-voting shares into ordinary shares with voting rights. CHONS received the non-voting shares, which have one-for-one conversion rights, as part of Pantheon's purchase of two companies from Great Bear Petroleum Operating LLC in January 2019. CHONS will hold 113.4 million voting ordinary shares in Pantheon following admission on Monday next week, 19.2% of the company's enlarged voting ordinary shares. Pantheon will have 590.8 million voting ordinary shares, plus the 88.2 million non-voting shares that CHONS will continue to hold.
Current stock price: 37.45 pence for GBP215.9 million market capitalisation
Year-to-date change: down 9.8%
By Tom Waite; thomaslwaite@alliancenews.com
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