TIDMPANR

RNS Number : 2951S

Pantheon Resources PLC

12 November 2021

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                     PANTHEON RESOURCES PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                  ---------------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                   1. Farallon Capital Management, L.L.C. 
                                                         ("Farallon") 
 
                                                         acting in concert with 
 
                                                         2. Great Bear Petroleum Holdings 
                                                         LLC 
                                                         3. Great Bear Petroleum Operating 
                                                         GP LLC 
                                                         4. Great Bear Petroleum Operating 
                                                         LLC 
                                                         (together, "GBPO") 
 City and country of registered office             Farallon: San Francisco, California, 
  (if applicable)                                   USA 
                                                    GBPO: Anchorage, Alaska, USA 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                              CHONS LLC [1] 
                                                  ---------------------------------------------------------------- 
 City and country of registered office             Wilmington, Delaware, USA 
  (if applicable) 
                                                  ---------------------------------------------------------------- 
 5. Date on which the threshold was                10/11/2021 
  crossed or reached (vi) : 
                                                  ---------------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):    12/11/2021 
                                                  ---------------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                               % of voting           % of voting rights       Total of both      Total number 
                              rights attached        through financial          in % (8.A +       of voting rights 
                             to shares (total           instruments                8.B)           held in issuer 
                                 of 8. A)              (total of 8.B                              (vii) 
                                                         1 + 8.B 2) 
                         -----------------------  -----------------------  -------------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached              15.95%                   0%                       15.95%               696,208,674 
                         -----------------------  -----------------------  -------------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)             16.99%                   0%                       16.99% 
                         -----------------------  -----------------------  -------------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of        Number of voting rights               % of voting rights 
  shares               (ix) 
  ISIN code (if 
  possible) 
                           Direct            Indirect                     Direct                   Indirect 
                          (DTR5.1)          (DTR5.2.1)                   (DTR5.1)                  (DTR5.2.1) 
                                        ----------------- 
 GB00B125SX82         0                  111,078,994        0%                                   15.95% 
                     -----------------  -----------------  -----------------------------------  -------------- 
 
 
 SUBTOTAL 8. A                    111,078,994                                     15.95% 
                     ------------------------------------  --------------------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial    Expiration         Exercise/          Number of voting                     % of voting 
  instrument           date              Conversion          rights that may                      rights 
                       (x)               Period              be acquired if 
                                         (xi)                the instrument 
                                                             is 
                                                             exercised/converted. 
                     -----------------  -----------------  -----------------------------------  -------------- 
 
 
 
                                         SUBTOTAL 8. B 1 
                                        -----------------  -----------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial   Expiration          Exercise/          Physical or      Number of           % of voting 
  instrument          date (x)           Conversion          cash             voting rights       rights 
                                         Period (xi)         settlement 
                                                             (xii) 
                    ------------------  -----------------  ---------------  ------------------ 
 
 
 
                                                            SUBTOTAL 8.B.2 
                                                           ---------------  ------------------ 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                     X 
  by any natural person or legal entity and does not control any                 (Farallon) 
  other undertaking(s) holding directly or indirectly an interest 
  in the (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting                      X 
  rights and/or the                                                                (GBPO) 
  financial instruments are effectively held starting with the 
  ultimate controlling natural person or legal entity (xiv) (please 
  add additional rows as necessary) 
       Name (xv)            % of voting rights       % of voting rights      Total of both if 
                              if it equals or         through financial       it equals or is 
                             is higher than the       instruments if it       higher than the 
                            notifiable threshold     equals or is higher    notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                         ------------------------  ---------------------  ---------------------- 
 GBPO structure: 
                         ------------------------  ---------------------  ---------------------- 
 
 Great Bear Petroleum 
  Holdings LLC            15.95%                    N/A                    15.95% 
                         ------------------------  ---------------------  ---------------------- 
 Great Bear Petroleum 
  Operating GP LLC        15.95%                    N/A                    15.95% 
                         ------------------------  ---------------------  ---------------------- 
 Great Bear Petroleum 
  Operating LLC           15.95%                    N/A                    15.95% 
                         ------------------------  ---------------------  ---------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                   --------------------------------------------- 
 The number and % of voting rights 
  held 
                                                   --------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                   --------------------------------------------- 
 
 11. Additional information (xvi) 
 
              *    Farallon and GBPO (each as defined in section 3 of 
                   this form) are acting in concert in respect of 
                   Pantheon Resources PLC. As such, the disclosure in 
                   sections 7 to 9 of this form reflects their 
                   aggregated position, and the aggregated position has 
                   been attributed in full to each of Farallon and GBPO. 
                   As at the date of this disclosure, GBPO does not 
                   directly hold any disclosable position in Pantheon 
                   Resources PLC. 
 
 
 
              *    Farallon is the investment manager of CHONS LLC, 
                   which is the beneficial owner of the Farallon 
                   positions. 
 
 
 
              *    GBPO has authorised Farallon to make a joint 
                   disclosure on its behalf. 
 
 
 
 Place of completion   San Francisco, United States 
 Date of completion    12 November 2021 
                      ----------------------------- 
 

[1] NB - CHONS LLC is the shareholder only in respect of the Farallon position. The shareholder of the GBPO position is Great Bear Petroleum Operating LLC (albeit, as at the date of this disclosure, GBPO does not directly hold any disclosable position in Pantheon Resources PLC)

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