RNS Number : 6377I
Panther Securities PLC
17 October 2024
 

17 October 2024

Panther Securities PLC

(the "Company")

Director/PDMR/PCA Shareholding

Panther Securities PLC announces that it was informed today that Andrew Perloff, Executive Chairman, today sold 300,000 ordinary shares of 25 pence each ("Ordinary Shares") through the market at a price of 329.9 pence per Ordinary Share from his own direct beneficial holding to Portnard Limited ("Portnard"), a person closely associated with Andrew Perloff, who acquired the 300,000 Ordinary Shares at a price of 330 pence per Ordinary Share (the "Transfer").

Following the Transfer, Andrew Perloff and Portnard have the following interests in the Company:

Name

Number of ordinary shares held

Percentage of voting rights in the Company now held

Andrew Perloff

3,715,860

21.30%

Portnard Limited

8,705,175

49.91%

 

The Panel on Takeovers and Mergers (the "Panel") has been consulted in relation to the Transfer in respect of Note 4 on Rule 9.1 and has agreed to waive the requirement of Rule 9 of the City Code on Takeovers and Mergers (the "Code") for Portnard to make a mandatory offer for the Company.

Further details are set out in the FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, which are appended further below.

For further information:

Panther Securities plc:                                                                               Tel: 01707 667 300

Andrew Perloff / Simon Peters

Allenby Capital Limited (Nomad and Joint Broker)                                     Tel: 020 3328 5656
Alex Brearley / Piers Shimwell

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1) Andrew Perloff

2) Portnard Limited

2.

Reason for the Notification

a)

Position/status

1) Executive Chairman

2) Person closely associated with Andrew Perloff

b)

Initial notification/Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Panther Securities PLC

b)

LEI

2138007J2Y5R916YE715

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 Financial instrument, type of instrument

Ordinary shares of 25 pence each

Identification code

ISIN: GB0005132070

b)

Nature of the transaction

1)   Sale of ordinary shares of 25 pence each

 

2)   Purchase of ordinary shares of 25 pence each

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1) 329.9 pence per ordinary share

1) 300,000

2) 330 pence per ordinary share

2) 300,000

d)

Aggregated information:

-Aggregated volume

-Price

n/a

e)

Date of the transaction

17 October 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

 

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