Panther Metals Plc (GB:PALM) has released an update.
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Panther Metals PLC has announced that its executive chairman, Nicholas O’Reilly, exercised conversion rights for £50,000 of convertible loan notes, resulting in the issuance of 57,073 new ordinary shares at £1.025 each. These shares are expected to be admitted to the London Stock Exchange’s Main Market, which will subsequently increase the total voting rights in the company to 4,167,220. Post-transaction, O’Reilly’s stake in the company will be 2.0% of the issued Ordinary Share capital.
For further insights into GB:PALM stock, check out TipRanks’ Stock Analysis page.
