Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce the appointment of Allenby Capital Limited as the Company’s Nominated Adviser and sole Broker with effect from today.
Issue of Fee Shares
The Company announces that 163,636 new ordinary shares in the Company (“Fee Shares”) will be issued in lieu of fees payable to its advisers. Application will be made for the admission of the Fee Shares to trading on AIM (“Admission”). It is anticipated that Admission will become effective at 8.00 a.m. on or around 5 February 2021.
Following Admission, the total number of ordinary shares and voting rights in the Company will be 90,876,339. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders 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 pursuant to the FCA’s Disclosure Guidance and Transparency Rules.
AIM Rule 17 – historic disclosure
Tim Hargreaves, Non-Executive Director of the Company, is a director of Elk Petroleum Limited, which entered into voluntary administration in May 2019 and is currently subject to a Deed of Company Arrangement. In accordance with the Deed of Company Arrangement, Elk Petroleum Limited is in negotiations with its creditors regarding actions to recapitalise the Company.
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