Director/PDMR Shareholding

Panthera Resources PLC

12 October 2026

 

12 October 2026

Panthera Resources Plc

("Panthera" or the "Company")

Issuer LEI: 203213800IB98EG6736XN82

Director/PDMR Shareholding - Transfer of Ordinary Shares by Director

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces that it has been notified that on 12 October 2026, Mark Bolton, Managing Director of Panthera, made the following transfers of ordinary shares of 1 pence each in the share capital of the Company ("Ordinary Shares"):

1)    1,420,045 Ordinary Shares to his spouse, Jayne Elizabeth Bolton, a person closely associated with Mr. Bolton, for nil consideration. This transfer has been made to affect a financial settlement pursuant to a pending divorce.

2)    412,765 Ordinary Shares to his daughter, Molly Elizabeth Bolton, a person closely associated with Mr. Bolton, for nil consideration. This transfer has been made to affect certain estate planning arrangements.

As a result of the above transfers, Jayne Elizabeth Bolton and Molly Elizabeth Bolton now directly hold 1,420,045 and 412,765 Ordinary Shares, respectively, representing approximately 0.51% and 0.15%, respectively, of the Company's issued share capital.

Furthermore, Mr. Bolton is now directly interested in nil Ordinary Shares and indirectly in 1,832,810 Ordinary Shares. It is anticipated that following the issue of a final court order in relation to the pending divorce, Mr. Bolton's indirect interest will reduce to 412,765 Ordinary Shares (representing the Ordinary Shares held directly by Mr. Bolton's daughter, Molly Elizabeth Bolton).

Mr. Bolton's fully diluted interest in the Company

Mr. Bolton will continue to directly hold executive incentive options over 4,500,000 new Ordinary Shares (the "Executive Incentive Options"). Details in relation to the Executive Incentive Options were announced by the Company on 29 July 2024.

In the hypothetical event that Mr. Bolton exercised his Executive Incentive Options in full,  he would directly hold 4,500,000 Ordinary Shares, representing approximately 1.60% of the Company's issued share capital as enlarged by the exercise of these Options.

As disclosed in the Company's announcement on 29 July 2024, the Executive Incentive Options granted to Mr. Bolton are subject to, amongst other matters, certain vesting conditions, a  summary of which is as follows:

·    500,000 options exercisable at 8.0 pence, vested 29 July 2024, expiring 31 March 2027;

·    1,000,000 options exercisable at 12.5 pence, vested 1 April 2025, expiring 31 March 2029;

·    1,000,000 options exercisable at 15.0 pence, vested 1 April 2026, expiring 31 March 2029;

·    1,000,000 options exercisable at 17.5 pence, vesting 1 April 2027, expiring 31 March 2029; and

·    1,000,000 options exercisable at 20.0 pence, vesting 1 April 2028, expiring 31 March 2029.

The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are set out at the end of this announcement.

Contacts

Panthera Resources PLC

Mark Bolton (Managing Director)                                                                              [phone]

                                                                                                            [e-mail]

Allenby Capital Limited (Nominated Adviser)                                            [phone]

John Depasquale / Vivek Bhardwaj (Corporate Finance)

VSA Capital Limited (Joint Broker)                                                                   [phone]

Andrew Monk / Andrew Raca

AlbR Capital Limited (Joint Broker)                                                                 [phone]

Colin Rowbury

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Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.

Notification of Dealing Forms

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	Mark Bolton
2.	Reason for the Notification
a)	Position/status	Managing Director of Panthera Resources Plc
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Panthera Resources Plc
b)	LEI	213800IB98EG6736XN82
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 1p each in Panthera Resources Plc ("Ordinary Shares")
	Identification code	ISIN: GB00BD2B4L05
b)	Nature of the transaction	Transfer of Ordinary Shares for nil consideration to Jayne Elizabeth Bolton and Molly Elizabeth Bolton
c)	Price(s) and volume(s)	Price(s)  Volume(s)  Recipient £Nil  1,420,045 Jayne Elizabeth Bolton £Nil 412,765 Molly Elizabeth Bolton
d)	Aggregated information:
	-  Aggregated volume	N/A
	-  Price	N/A
e)	Date of the transaction	9 and 11 October 2026 respectively
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jayne Elizabeth Bolton
2.	Reason for the Notification
a)	Position/status	PCA of Mark Bolton
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Panthera Resources Plc
b)	LEI	213800IB98EG6736XN82
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 1p each in Panthera Resources Plc ("Ordinary Shares")
	Identification code	ISIN: GB00BD2B4L05
b)	Nature of the transaction	Receipt of Ordinary Shares for nil consideration from Mark Bolton
c)	Price(s) and volume(s)	Price(s)  Volume(s)  £Nil  1,420,045
d)	Aggregated information:
	-  Aggregated volume	N/A
	-  Price	N/A
e)	Date of the transaction	9 October 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Molly Elizabeth Bolton
2.	Reason for the Notification
a)	Position/status	PCA of Mark Bolton
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Panthera Resources Plc
b)	LEI	213800IB98EG6736XN82
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 1p each in Panthera Resources Plc ("Ordinary Shares")
	Identification code	ISIN: GB00BD2B4L05
b)	Nature of the transaction	Receipt of Ordinary Shares for nil consideration from Mark Bolton
c)	Price(s) and volume(s)	Price(s)  Volume(s)  £Nil 412,765
d)	Aggregated information:
	-  Aggregated volume	N/A
	-  Price	N/A
e)	Date of the transaction	11 October 2026
f)	Place of the transaction	Outside a trading venue

 

END