Panther Metals plc issued 57,073 ordinary shares to executive chairman Nicholas O’Reilly for £8,500 interest following exercise of conversion rights attached to the £50,000 convertible loan notes held by him.
The new ordinary shares, of no par value in the company, are each at a price of £1.025.
Following the 1 August notification, Mr O’Reilly is now interested in 83,737 ordinary shares, representing 2% of Panther’s existing issued ordinary share capital.
On admission, the company’s total issued share capital consists of 4,167,220 ordinary shares, with voting rights.
Panther holds no ordinary shares in treasury.