REG - Panthera Resources - Issue of Equity – In Lieu of Director Fees

Panthera ResourcesAnnouncement

09/04/2026 14:45

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RNS Number : 8741Z  Panthera Resources PLC  09 April 2026

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK Market Abuse
Regulation

 

9 April 2026

 

Panthera Resources Plc

("Panthera" or the "Company")

 

Issuer LEI: 203213800IB98EG6736XN82

 

Issue of Equity - 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 158,337 new
ordinary shares of 1p each in the capital of the Company (the "Ordinary
Shares"), at an average issue price of 16.973 pence per new Ordinary Share
(the "Issue Price") to settle certain director fees.

 

The Company has agreed to issue 158,337 new Ordinary Shares in order to
satisfy the Company's non-executive directors' accrued fees for the period
between October 2025 to 31 March 2026 (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)            PRICE PER Fee SHARE  NUMBER OF Fee SHARES ISSUED  beneficial SHARES HELD AFTER ISSUE  % HOLDING POST ISSUE

 (Description)

 MICHAEL HIGGINS (Chairman)
 50% fees Oct-Mar 2026   £0.16973             51,552
 Total                                        51,552                       9,795,825                           3.79%

 David Stein (Director)
 50% fees Oct-Mar 2026   £0.16973             29,458
 Total                                        29,458                       871,941                             0.34%

 Catherine Apthorpe (Director)
 50% fees Oct-Mar 2026   £0.16973             29,458
 Total                                        29,458                       831,785                             0.32%

 Timothy Hargreaves (Director)
 50% fees Oct-Mar 20256  £0.16973             47,869
 Total                                        47,869                       3,005,320                           1.16%
 Grand Total                                  158,337

 

Application for Admission

 

Application has been made for the 158,337 new Ordinary Shares to be admitted
to trading on AIM, which is expected to take effect on or around 13 April 2026
("Admission").

 

Following Admission, the Company's issued share capital will comprise
258,298,088 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)
+44 (0) 20 3328 5656

John Depasquale / Vivek Bhardwaj (Corporate
Finance)

 

VSA Capital Limited (Joint
Broker)
+44 (0) 20 3005 5000

Andrew Monk / Andrew Raca

 

AlbR Capital Limited (Joint
Broker)
+44 (0) 20 7399 9400

Colin
Rowbury

 

Subscribe for Regular Updates

 

Follow the Company on Twitter at @PantheraPLC

 

For more information and to subscribe to updates visit: pantheraresources.com

 

Subscribe for Regular Updates

 

Follow the Company on Twitter at @PantheraPLC
(https://twitter.com/PantheraPlc)

 

For more information and to subscribe to updates visit: pantheraresources.com
(https://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:

Michael Higgins     Non-Executive Chairman
                                                                    Catherine Apthorpe  Non-Executive Director
                                                                    David Stein         Non-Executive Director
                                                                    Timothy Hargreaves  Non-Executive Director
 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

 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                                    Fee Shares

 c)    Price(s) and volume(s)                                       Name                Price(s)   Volume(s)
                                                                    Michael Higgins     £0.16973   51,552
                                                                    Catherine Apthorpe  £0.16973   29,458
                                                                    David Stein         £0.16973   29,458
                                                                    Timothy Hargreaves  £0.16973   47,869
 d)    Aggregated information:
       -  Aggregated volume                                         158,337
       -  Price                                                     £0.16973
 e)    Date of the transaction                                      9 April 2026
 f)    Place of the transaction                                     Outside a trading venue

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

 

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

Fee Shares

 

c)

Price(s) and volume(s)

 Name                Price(s)   Volume(s)
 Michael Higgins     £0.16973   51,552
 Catherine Apthorpe  £0.16973   29,458
 David Stein         £0.16973   29,458
 Timothy Hargreaves  £0.16973   47,869

d)

Aggregated information:

-  Aggregated volume

158,337

-  Price

£0.16973

e)

Date of the transaction

9 April 2026

f)

Place of the transaction

Outside a trading venue

 

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