REG - Pantheon Resources - Granting RSU's and Blocklisting Application

Pantheon ResourcesAnnouncement

Mon 17:30

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RNS Number : 2688A  Pantheon Resources PLC  13 April 2026

 

 

 

 

 

13 April 2026

 

Pantheon Resources plc

 

Granting Restricted Stock Units and Blocklisting Application

 

Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company
developing the Kodiak and Ahpun projects on Alaska's North Slope, announces
the annual granting of restricted stock units ("RSUs") pursuant to Pantheon's
Employee Stock Ownership Plan ("ESOP"), as announced in 2024 and 2025.

 

Grant of RSUs

In October 2024, Pantheon announced details of its replacement ESOP ("2024
ESOP") for all employees and a Long-Term Incentive Plan ("LTIP") for Executive
Directors and certain officers of the Company. The Company retired its
remaining share option-based incentive plan (originally adopted in 2009 and
amended in 2014) with the ESOP which, where practicable, looks to follow the
principles of the Main Market of the London Stock Exchange. For further
details on the ESOP, please refer to Note 23 within the Company's Consolidated
Financial Statements for the financial year ended 30 June 2025, as included in
the Company's Annual Report for that year.

Under the terms of the ESOP and as approved by the Company's Remuneration
Committee, the Company has issued in aggregate 12,960,102 RSUs across all
staff members (excluding non-executive directors). The number of RSUs awarded
has been calculated using a price of £0.1160 being the closing share price at
8 April 2026 and the RSUs will vest equally in three annual tranches
commencing 9 April 2027 and subject to certain conditions. Details of the RSUs
granted to Persons Discharged with Managerial Responsibilities (PDMRs) are
disclosed in the table below.

 PDMR               2026 RSUs Granted   2026 RSUs as a % of Issued Share Capital
 Max Easley         1,764,037          0.12%
 Tralisa Maraj      1,363,119          0.09%
 Erich Krumanocher  1,347,082          0.09%

 

 

Blocklisting Application

An application has been made to the London Stock Exchange for an additional
headroom of 8,000,000 Ordinary Shares of £0.01 each (the "New Ordinary
Shares") to be added to the existing block listing, as announced on 24 July
2025, (the "2024 ESOP Blocklisting"). It is expected that admission will
become effective on or around 16 April 2026.

 

The New Ordinary Shares will be issued where necessary, in order to satisfy
the issue of shares pursuant to the future exercise of previously granted
LTIP options and the future vesting of previously granted RSU's (and possible
RSU grants to future hires) under the ESOP. When issued, the New Ordinary
Shares will be credited as fully paid and will rank pari passu in all respects
with the existing Ordinary Shares of £0.01 each in the capital of the Company
("Ordinary Shares"). The Company will provide bi-annual updates in respect of
the 2024 ESOP Blocklisting.

 

The Company notes that the 2024 ESOP Blocklisting will continue to run in
tandem to the Company's existing blocklisting, which will remain in place to
satisfy the exercise of options under the Pantheon Resources Plc 2009
Discretionary Share Option Plan.

 

 

Further information:

 

 Pantheon Resources plc
 Max Easley, CEO

 Justin Hondris, SVP, Investor Relations

 Canaccord Genuity Limited (Nominated Adviser, and Joint Broker)
 Henry Fitzgerald-O'Connor                                         +44 20 7523 8000

 Charlie Hammond

 BlytheRay (Corporate Communications)                              +44 20 7138 3204
 Tim Blythe

 Megan Ray

 Matthew Bowld

 

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated

 a)  Name                                                         1.    Max Easley

                                                                  2.    Tralisa Maraj

                                                                  3.    Erich Krumanocher
 2   Reason for the notification

 a)  Position/status                                              1.    CEO

                                                                  2.    Chief Financial Officer

                                                                  3.    Chief Development 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  Restricted Stock Units ("RSUs")

                                                                  ISIN: GB00B125SX82

 b)  Nature of the transaction                                    2026 ESOP RSU Grant

 c)  Price(s) and volumes(s)                                      1. RSUs to acquire 1,764,037 Ordinary Shares for nil consideration

                                                                  2. RSUs to acquire 1,363,119 Ordinary Shares for nil consideration

                                                                  2. RSUs to acquire 1,347,082 Ordinary Shares for nil consideration
 d)  Aggregated information                                       N/A (single transaction)

     -      Aggregated volume

     -      Price
 e)  Date of the transaction                                      09 April 2026

 f)  Place of the transaction                                     Outside of a trading venue

 

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