TIDMPANR
RNS Number : 9365Z
Pantheon Resources PLC
20 September 2022
20 September 2022
Pantheon Resources plc
Director/PDMR Notification
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas company with a 100% working interest in all
of its oil projects adjacent and near to transportation and
pipeline infrastructure on the Alaska North Slope announces the
following Director/PDMR notifications:
-- Following the exercise of share options, Jay Cheatham, a
Director and PDMR of the Company, has sold 1,300,000 shares at an
average price of GBP1.234 per share. Following the completion of
the exercise and sale, his ultimate beneficial ownership is
unchanged and remains at 3,529,464 shares representing 0.5% of the
Company's total voting rights.
-- Following the exercise of share options, Justin Hondris, a
Director and PDMR of the Company, has sold 2,000,000 shares at an
average price of GBP1.234 per share. Following the completion of
the exercise and sale, his ultimate beneficial ownership is
unchanged and remains at 1,491,812 shares representing 0.2% of the
Company's total voting rights.
-- Following the exercise of share options, Robert Rosenthal, a
Director and PDMR of the Company, has sold 900,000 shares at an
average price of GBP1.234 per share. Following the completion of
the exercise and sale a, his ultimate direct beneficial ownership
is unchanged and remains at 647,622 shares representing 0.1% of the
Company's total voting rights. Mr Rosenthal also holds an indirect
interest through an approximate 2.8% interest in Ursa Major
Holdings LLC ("UMH"). UMH has a beneficial interest in
approximately 19.8 million ordinary shares. Mr Rosenthal's interest
in the shares held by UMH is variable based on the distribution
mechanisms established by the limited liability company agreements
of UMH and its subsidiaries. This interest changes with
fluctuations of exchange rates, the Company's share price and other
factors.
The issue of new ordinary share pursuant to the above exercise
of share options has been made under the Company's existing block
listing entitlement as announced on 18 May 2022.
This announcement, including the notification below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
Details of the transaction are reported in the PDMR Notification
below.
Phillip Gobe, Chairman, said: "Today's announcement represents
only the second occasion since the Company's IPO in 2006 that any
director has sold shares in the Company. The shares sold today
resulted from the exercise of share options and have not changed
the underlying holdings of shares for any of our directors. As
previously announced, Pantheon is presently preparing for an
extended period of flow testing, expected to commence next month
and has the possibility of triggering a prolonged 'closed period'
for director dealing. Myself and my board remain as excited as ever
about the potential of Pantheon."
Further information:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity plc (Nominated Adviser
and broker)
Henry Fitzgerald-O'Connor, James Asensio,
Gordon Hamilton +44 20 7523 8000
BlytheRay
Tim Blythe, Megan Ray, Madeleine Gordon-Foxwell +44 20 7138 3204
Notes to Editors
Pantheon Resources plc is an AIM listed Oil & Gas company
focused on several large projects located on the North Slope of
Alaska ("ANS"), onshore USA where it has a 100% working interest in
153,000 highly prospective acres with potential for multi billion
barrels of oil recoverable. A major differentiator to other ANS
projects is its close proximity to transport and pipeline
infrastructure which offers a significant competitive advantage to
Pantheon, allowing for materially lower capital costs and much
quicker development times. The Group's stated objective is to
create material value for its stakeholders through oil exploration,
appraisal and development activities in high impact, highly
prospective conventional assets, in the USA; a highly established
region for energy production with infrastructure, skilled personnel
and low sovereign risk. All operations are onshore USA, with
drilling costs materially below that of offshore wells.
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) incorporated into, or forms part of, this
announcement. The information contained within this announcement is
considered to be inside information prior to its release.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Cheatham
------------------------------- -------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position / status Managing Director
------------------------------- -------------------------------
b) Initial notification Initial Notification
/ amendment
------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Pantheon Resources plc
------------------------------- -------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
------------------------------- -------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
------------------------------- -------------------------------
b) Nature of the transaction exercise of share options
------------------------------- -------------------------------
c) Currency GBP
------------------------------- -------------------------------
d) Price(s) and volume(s) 1,300,000 @ GBP0.30
------------------------------- -------------------------------
e) Aggregated information n/a
------------------------------- -------------------------------
f) Date of the transaction 16 September 2022
------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Cheatham
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Managing Director
-------------------------- --------------------------------------
b) Initial notification Initial Notification
/ amendment
-------------------------- --------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------
a) Name Pantheon Resources plc
-------------------------- --------------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
-------------------------- --------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
-------------------------- --------------------------------------
b) Nature of the transaction Sale of shares following the exercise
of share options
-------------------------- --------------------------------------
c) Currency GBP
-------------------------- --------------------------------------
d) Price(s) and volume(s) 1,300,000 @ GBP1.234
-------------------------- --------------------------------------
e) Aggregated information n/a
-------------------------- --------------------------------------
f) Date of the transaction 16 September 2022
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Justin Hondris
------------------------------- -------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position / status Finance Director
------------------------------- -------------------------------
b) Initial notification Initial Notification
/ amendment
------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Pantheon Resources plc
------------------------------- -------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
------------------------------- -------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
------------------------------- -------------------------------
b) Nature of the transaction exercise of share options
------------------------------- -------------------------------
c) Currency GBP
------------------------------- -------------------------------
d) Price(s) and volume(s) 2,000,000 @ GBP0.30
------------------------------- -------------------------------
e) Aggregated information n/a
------------------------------- -------------------------------
f) Date of the transaction 16 September 2022
------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Justin Hondris
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Finance Director
-------------------------- --------------------------------------
b) Initial notification Initial Notification
/ amendment
-------------------------- --------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------
a) Name Pantheon Resources plc
-------------------------- --------------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
-------------------------- --------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
-------------------------- --------------------------------------
b) Nature of the transaction Sale of shares following the exercise
of share options
-------------------------- --------------------------------------
c) Currency GBP
-------------------------- --------------------------------------
d) Price(s) and volume(s) 2,000,000 @ GBP1.234
-------------------------- --------------------------------------
e) Aggregated information n/a
-------------------------- --------------------------------------
f) Date of the transaction 16 September 2022
-------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Rosenthal
------------------------------- -------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position / status Technical Director
------------------------------- -------------------------------
b) Initial notification Initial Notification
/ amendment
------------------------------- -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Pantheon Resources plc
------------------------------- -------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
------------------------------- -------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
------------------------------- -------------------------------
b) Nature of the transaction exercise of share options
------------------------------- -------------------------------
c) Currency GBP
------------------------------- -------------------------------
d) Price(s) and volume(s) 900,000 @ GBP0.27
------------------------------- -------------------------------
e) Aggregated information n/a
------------------------------- -------------------------------
f) Date of the transaction 16 September 2022
------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Rosenthal
-------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Technical Director
-------------------------- --------------------------------------
b) Initial notification Initial Notification
/ amendment
-------------------------- --------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------
a) Name Pantheon Resources plc
-------------------------- --------------------------------------
b) Legal entity identifier 213800SWHY5DNQS64J23
-------------------------- --------------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
Identification code GB00B125SX82
-------------------------- --------------------------------------
b) Nature of the transaction Sale of shares following the exercise
of share options
-------------------------- --------------------------------------
c) Currency GBP
-------------------------- --------------------------------------
d) Price(s) and volume(s) 900,000 @ GBP1.234
-------------------------- --------------------------------------
e) Aggregated information n/a
-------------------------- --------------------------------------
f) Date of the transaction 16 September 2022
-------------------------- --------------------------------------
-Ends-
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END
DSHLKLLFLKLBBBF
(END) Dow Jones Newswires
September 20, 2022 02:00 ET (06:00 GMT)
Grafico Azioni Pantheon Resources (LSE:PANR)
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Da Mar 2024 a Apr 2024
Grafico Azioni Pantheon Resources (LSE:PANR)
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