Business
Retail Offer via PrimaryBid
Retail Offer via PrimaryBid.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF ASSIMILATED REGULATION (EU) 596/2014 AS IT FORMS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) (\"UK MAR\").\nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF PANTHEON RESOURCES PLC.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.\n \n25 July 2024\n \nPantheon Resources plc\n(\"Pantheon\" or the \"Company\")\nPrimaryBid Offer\nPrimaryBid Offer\nPantheon Resources plc (LON: PANR), the AIM-quoted oil and gas company, is pleased to announce, a conditional offer for subscription of new ordinary shares of 1 pence each in the capital of the Company (\"Retail Offer Shares\") via PrimaryBid (the \"PrimaryBid Offer\") at an issue price of 17 pence per Retail Offer Share (the \"Issue Price\"), being a discount of 14.4 per cent to the closing price of the Company's existing ordinary shares on 24 July 2024. The Company is also conducting a placing of new ordinary shares at the Issue Price by way of an accelerated bookbuilding process (the \"Placing\") as announced earlier today. In addition, certain investors and all of the directors of the Company will also be subscribing for new ordinary shares at the Issue Price directly with the Company (the \"Subscription\" and, together with the PrimaryBid Offer and the Placing, the \"Fundraise\").\nThe Fundraise is conditional on the new ordinary shares to be issued pursuant to the Fundraise being admitted to trading on AIM (\"Admission\"). Admission is expected to take place at 8.00 a.m. on 2 August 2024. The PrimaryBid Offer will not be completed ...