Pantheon will still deliver big time.8 Jan 2024 00:31
Placement of approximately $4.15 million of new ordinary shares of £0.01 each ("New Ordinary Shares") at a price of $0.255 per share ("Placement Price"), equivalent to 20.8p per share, to long term investors to increase the Company's cash resources, allowing it to pay December and March Convertible Bond payments in cash (the "Placement").
· David Hobbs, Pantheon's Executive Chairman, is contributing $250,000 of this sum.
It is expected that the New Ordinary Shares will be issued on or before 31 January 2024. Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM at 8.00 a.m. on such date. It is expected that David Hobbs will also acquire $250,000 New Ordinary Shares at the Placement Price from IPGL on or before 31 January 2024.
Immediately following Admission, the Company's issued share capital will be 935,398,112 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The total voting rights figure immediately following Admission, of 935,398,112