TIDMPNS 
 
21 December 2017 
 
                            Panther Securities PLC 
 
                        (the "Company" or the "Group") 
 
                   Partial disposal of M.R.G Systems Limited 
 
Panther Securities PLC is pleased to announce that it has sold the majority of 
its 75% holding in M.R.G Systems Limited ("M.R.G") (the "Disposal").  M.R.G is 
a provider of digital display technology, primarily to the bookmaking industry 
and does not form part of the Group's core property business. The purchasers of 
the interest in M.R.G that has been sold are M.R.G itself and the majority of 
its members of management and staff (the "Purchasers"). 
 
In consideration for the Disposal, the Company will receive a total 
consideration of GBP115,000 in cash.  The Group intends to apply the proceeds 
from the Disposal towards the Group's working capital.  Following the 
Completion of the Disposal, M.R.G will cancel a number of its shares and 
following this cancellation the Company is expected to retain a 15% interest in 
M.R.G.  The Company will remain as M.R.G's landlord following the Disposal. 
 
M.R.G's audited accounts for the year ended 31 December 2016 recorded turnover 
of approximately GBP1.7 million and a profit before taxation of approximately GBP 
69,000. The audited net assets of M.R.G as at 31 December 2016 were 
approximately GBP0.37 million. Following the Disposal, M.R.G will no longer be 
consolidated in the Group's accounts. 
 
The Purchasers include Bryan Corbin and Adrian Potter who are directors of 
M.R.G, with Bryan Corbin also currently holding more than 10% of M.R.G's 
ordinary share capital. The participation by Bryan Corbin and Adrian Potter is 
therefore deemed to constitute a related party transaction under the AIM Rules 
for Companies. The directors of Panther Securities PLC, having consulted with 
the Company's nominated adviser, Allenby Capital Limited, consider the terms of 
the Disposal to be fair and reasonable insofar as the Company's shareholders 
are concerned. 
 
The Board of Panther is pleased that this company, which we provided the 
original seed finance to on its formation over 30 years ago, is being acquired 
by its management and employees and we wish them the success they deserve. 
 
For further information: 
 
Panther Securities plc:                              Tel: 01707 667 300 
 
Andrew Perloff/ Simon Peters 
 
Allenby Capital Limited (Nomad and Joint             Tel: 020 3328 5656 
Broker) 
 
David Worlidge/ Alex Brearley 
 
 
 
END

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December 21, 2017 11:16 ET (16:16 GMT)

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