Business
Shares in Lieu
Shares in Lieu.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation\n \n4 March 2024\n \nPanthera Resources Plc\n(\"Panthera\" or the \"Company\")\n \nIssue of Equity in lieu of director fees\n \nGold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces the issue of 1,999,257 new ordinary shares of 1p each in the capital of the Company (the \"Ordinary Shares\"), at an average issue price of 5.71 pence per new Ordinary Share (the \"Issue Price\").\n \nThe new Ordinary Shares are being issued in order to satisfy the Company's non-executive directors' accrued fees for the period between 1 July 2022 to 31 December 2023 and 50 per cent. of the Managing Director's net after-tax accrued salary for the period between 1 January 2023 to 31 October 2023 (together the \"Fee Shares\").\n \nThe 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 is as follows:\n \n\n\n\n\nName (Title)\n(Description)\n\n\nPRICE PER Fee SHARE\n\n\nNUMBER OF Fee SHARES ISSUED\n\n\nbeneficial SHARES HELD AFTER ISSUE\n\n\n% HOLDING POST ISSUE\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMICHAEL HIGGINS (Chairman)\n\n\n\n\n\n\n\n\n\n\n\n\n\n100% fees Jul-Sep 2022\n\n\n£0.063\n\n\n140,548\n\n\n\n\n\n\n\n\n\n\n50% fees Oct-Dec 2022\n\n\n£0.056\n\n\n77,882\n\n\n\n\n\n\n\n\n\n\n50% fees Jan-Mar 2023\n\n\n£0.045\n\n\n96,537\n\n\n\n\n\n\n\n\n\n\n50% fees Apr-Jun 2023\n\n\n£0.048\n\n\n92,099\n\n\n\n\n\n\n\n\n\n\n50% fees Jul-Sep 2023\n\n\n£0.065\n\n\n67,790\n\n\n\n\n\n\n\n\n\n\n50% fees Oct-Dec 2023\n\n\n£0.099\n\n\n44,103\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n \n\n\n518,959\n\n\n9,319,652\n\n\n5.97%\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\nDavid Stein (Director)\n\n\n \n\n\n \n\n\n\n\n\n\n\n100% fees Jul-Sep 2022\n\n\n£0.063\n\n\n80,313\n\n\n\n\n\n\n\n...