Last checked at 14 Jun 2018 14:57
14 June 2018
Pantheon Resources plc
Director/PDMR Shareholding
Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration company with a 50% - 75% working interest in several conventional project areas in Tyler and Polk Counties, onshore East Texas, announces that pursuant to an amicable divorce settlement, Jay Cheatham has transferred 1,777,124 ordinary shares of £0.01 each in the Company ("Shares") to his ex-wife, Kellee Cheatham, for nil consideration. Mrs Cheatham has indicated her support for the company going forward.
Following this transaction, Jay Cheatham, CEO of Pantheon, holds 1,983,404, which represents 0.84% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to exercise of share options and sale of shares)
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Jay Cheatham | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Pantheon Resources plc | |
b) | LEI | 213800SWHY5DNQS64J23 | |
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 1 pence each
GB00B125SX82 | |
b) | Nature of the transaction | Transfer of ordinary shares | |
c) | Price(s) and volume(s)
| Price(s) | Volume(s) |
Nil | 1,777,124 | ||
d)
| Aggregated information | Not applicable - single transaction | |
e) | Date of the transaction | 14 June 2018 | |
f) | Place of the transaction | Outside a trading venue | |
-Ends -
Further information:
Pantheon Resources plc | +44 20 7484 5361 |
Jay Cheatham, CEO |
|
Justin Hondris, Director, Finance and Corporate Development |
|
|
|
Stifel Nicolaus Europe Limited (Nominated Adviser and broker) | +44 20 7710 7600 |
Callum Stewart |
|
Ashton Clanfield |
|
Nicholas Rhodes |
|
|
|
FTI Consulting | +44 20 3727 1000 |
Ed Westropp |
|
James Styles |
|
For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com
The information contained within this RNS is considered to be inside information prior to its release.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.