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3 Nov 2025 11:02
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation
3 November 2025
Panthera Resources Plc
("Panthera" or the "Company")
Issue of Equity - Warrant Conversion and In Lieu of Fees
Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces the issue of 910,486 new ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares"), at an average issue price of 7.98 pence per new Ordinary Share (the "Issue Price") to settle certain director fees and warrant conversion.
Director Fees
The Company has agreed to issue 225,192 new Ordinary Shares in order to satisfy the Company's non-executive directors' accrued fees for the period between 1 April 2025 to 30 September 2025 (together the "Fee Shares").
The issue of equity in order to satisfy accrued fees has been done in previous years in relation to the Company's non-executive directors. In this regard, the issue of the Fee Shares reduces the Company's cash expenditures and further aligns the interests of the Company's board of directors with the Company's shareholders. The Fee Shares were priced at the 30-day volume-weighted average price in the month preceding each respective fee period. Further details of the Fee Shares are as follows:
Name (Title) (Description) | PRICE PER Fee SHARE | NUMBER OF Fee SHARES ISSUED | beneficial SHARES HELD AFTER ISSUE | % HOLDING POST ISSUE |
MICHAEL HIGGINS (Chairman) | ||||
50% fees Apr-Jun 2025 | £0.11840 | 36,950 | ||
50% fees Jul-Sep 2025 | £0.12030 | 36,369 | ||
Total |
| 73,319 | 9,744,273 | 3.91% |
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David Stein (Director) |
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| ||
50% fees Apr-Jun 2025 | £0.11840 | 21,114 |
| |
50% fees Jul-Sep 2025 | £0.12030 | 20,782 |
| |
Total | 41,896 | 842,843 | 0.34% | |
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| |
Catherine Apthorpe (Director) |
|
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50% fees Apr-Jun 2025 | £0.11840 | 21,114 |
| |
50% fees Jul-Sep 2025 | £0.12030 | 20,782 |
| |
Total | 41,896 | 802,327 | 0.32% | |
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|
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Timothy Hargreaves (Director) |
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50% fees Apr-Jun 2025 | £0.11840 | 34,310 |
| |
50% fees Jul-Sep 2025 | £0.12030 | 33,771 |
| |
Total | 68,081 | 2,957,451 | 1.19% | |
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Grand Total |
| 225,192 |
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|
Warrant Conversion
The Company has agreed to issue 685,294 new Ordinary Shares to settle warrant conversion requests at an exercise price of 6.68 pence per warrant (the "Warrant Conversion"). The Warrant Conversion raises £45,777.64 for the Company.
As part of the abovementioned Warrant Conversion, Mark Cranny, the non-board Chief Financial Officer of the Company, has requested to convert warrants over 450,000 new Ordinary Shares at an exercise price of 6.68 pence per warrant. Following Admission (as defined below), Mark Cranny will hold 1,500,000 Ordinary Shares.
Application for Admission
Application has been made for the 910,486 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 6 November 2025 ("Admission").
Following Admission, the Company's issued share capital will comprise 249,413,039 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Contacts
Panthera Resources PLC
Mark Bolton (Managing Director) +61 411 220 942
contact@pantheraresources.com
Allenby Capital Limited (Nominated Adviser & Joint Broker) +44 (0) 20 3328 5656
John Depasquale / Vivek Bhardwaj (Corporate Finance)
Kelly Gardiner (Sales & Corporate Broking)
VSA Capital Limited (Joint Broker) +44 (0) 20 3005 5000
Andrew Monk / Andrew Raca
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9400
Colin Rowbury
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For more information and to subscribe to updates visit: pantheraresources.com
Forward-looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.
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 | PDMRs:
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2. | Reason for the Notification | ||||||||||||||||
a) | Position/status | See 1a) above | |||||||||||||||
b) | Initial notification/Amendment | Initial Notification | |||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||
a) | Name | Panthera Resources Plc
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b) | LEI | 213800IB98EG6736XN82
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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 | Ordinary shares of 1p each in Panthera Resources Plc
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Identification code | ISIN: GB00BD2B4L05 | ||||||||||||||||
b) | Nature of the transaction | Fee Shares
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c) | Price(s) and volume(s) |
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d) | Aggregated information: | ||||||||||||||||
- Aggregated volume | 225,192 | ||||||||||||||||
- Price | N/A - see above. | ||||||||||||||||
e) | Date of the transaction | 3 November 2025 | |||||||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Mark Cranny |
2. | Reason for the Notification | |
a) | Position/status | Non-Board Chief Financial Officer |
b) | Initial notification/Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Panthera Resources Plc
|
b) | LEI | 213800IB98EG6736XN82
|
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 | Ordinary shares of 1p each in Panthera Resources Plc
|
Identification code | ISIN: GB00BD2B4L05 | |
b) | Nature of the transaction | Issue of new Ordinary Shares following Warrant Conversion
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c) | Price(s) and volume(s) | 450,000 at 6.68 pence per warrant |
d) | Aggregated information: | |
- Aggregated volume | N/A | |
- Price | N/A | |
e) | Date of the transaction | 3 November 2025 |
f) | Place of the transaction | Outside a trading venue |
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