REG-Panther Securities: Update on refinance, property, accounts & dividend

Panther SecuritiesAnnouncement

26/05/2021 07:05

26 May 2021

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law
(as defined in the European Union (Withdrawal) Act 2018).

Panther Securities PLC
(the “Company” or the “Group”)

Update on refinance, property valuations and annual accounts and declaration
of dividend

Further to the Company’s announcement made on 23 March 2021, the Board
provides the following updates:

Refinance

The Group is pleased to confirm that credit approval has been obtained for the
refinancing of our term loans from the second Lender.  The refinancing
therefore has full credit approval from both Lenders and is expected to
complete by the end of the July 2021 (which was the current extension).  The
new facility is a £66 million three year term loan, a reduction from the
current £75 million facility.

Property valuations

Following confirmation of the full credit approval, the Board confirms that
the valuation figures reported on 26 February 2021 are now final. 

Declaration of Dividend

The Directors are pleased to announce that an interim dividend of 6p per share
has been declared for the year ended 31 December 2020.  This will be payable
on 2 July 2021 to shareholders on the register at the close of business on 11
June 2021 (ex-dividend on 10 June 2021). In addition, the Directors intend to
propose a final dividend of 6p per share for the year ended 31 December
2020.  Subject to shareholder approval at the next annual general meeting of
the Company (currently expected to be on 30 June 2021), this final dividend
will be payable on 14 October 2021 to shareholders on the register at the
close of business on 3 September 2021 (ex-dividend on 2 September 2021).

Results for the year ended 31 December 2020

The results for the year ended 31 December 2020 have been announced separately
today.

For further information:

 Panther Securities plc:                            Tel: 01707 667 300 
 Andrew Perloff/ Simon Peters                                          
 Allenby Capital Limited (Nomad and Joint Broker)   Tel: 020 3328 5656 
 David Worlidge/ Alex Brearley                                         



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