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Issue of Equity

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RNS Number : 0675J
Pantheon Resources PLC
14 August 2019
 

 

 

 

 

 

14 August 2019

 

Pantheon Resources plc

 

Issue of Equity

 

Pantheon Resources plc (AIM:PANR), the AIM-quoted oil and gas exploration company with working interests in several conventional project areas in Tyler and Polk Counties, onshore East Texas, and onshore North Slope of Alaska, announces that certain advisers who provided services to the Company during the recent Capital Raising announced on 19th July 2019 have agreed to subscribe for, in aggregate, 439,684 new Ordinary Shares in the Company (the "Adviser Shares"). The Adviser Shares have been subscribed for at the Issue Price of 18 pence per share.

 

Application will be made to the London Stock Exchange for the Adviser Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place and dealings in the new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 20 August 2019.

 

The total voting rights figure immediately following Admission of 502,758,713 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the DTRs.

 

This announcement contains inside information for the purposes of the Market Abuse Regulation (596/2014/EU). Upon the publication of this announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.

 

Pantheon

020 7484 5361

Jay Cheatham, CEO

Justin Hondris, Director, Finance and Corporate Development

 

 

Arden Partners plc (Nominated Adviser and Broker)

0207 614 5950

Paul Shackleton / Dan Gee-Summons - Corporate Finance

Simon Johnson - Corporate Broker

Fraser Marshall - Equity Sales

 

 

Blytheweigh (PR)

Tim Blythe

Julia Tilley

Jane Lenton

0207 138 3204

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Pantheon Resources PLC

Price: 15.808

Market: AIM
Market Cap: £79.48 m
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