Extractive Industries

Panther reduces shares on 64.36% approval

Panther Metals plc said it would consolidate the number of its shares following a 64.36% approval at its general meeting.

A total 8,483,610 votes were in favour of the resolution while 4,698,627 were against, with no votes withheld.

The company will reduce 92,822,307 existing ordinary shares of no par value on a 25 into 1 basis; every 100 existing ordinary shares are consolidated into 4 ordinary shares.

As a result, Panther will have 3,712,309 new ordinary shares in issue.

All other resolutions at the general meeting were passed.

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