REG - Panthera Resources - Issue of Equity - Warrant Conversion and Fees

Panthera ResourcesAnnouncement

03/11/2025 11:15

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RNS Number : 9249F  Panthera Resources PLC  03 November 2025

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)               PRICE PER Fee SHARE  NUMBER OF Fee SHARES ISSUED  beneficial SHARES HELD AFTER ISSUE  % HOLDING POST ISSUE

 (Description)

 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%

 David Stein (Director)
 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%

 Catherine Apthorpe (Director)
 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%

 Timothy Hargreaves (Director)
 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%

 Grand Total                                     225,192

 

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

 

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     £0.11934   73,319
                                                                    Catherine Apthorpe  £0.11934   41,896
                                                                    David Stein         £0.11934   41,896
                                                                    Timothy Hargreaves  £0.11934   68,081
 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

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     £0.11934   73,319
 Catherine Apthorpe  £0.11934   41,896
 David Stein         £0.11934   41,896
 Timothy Hargreaves  £0.11934   68,081

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

 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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