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On 17 October 2024, Andrew Perloff, Executive Chairman of Panther Securities PLC, sold 300,000 ordinary shares at 329.9 pence per share from his direct beneficial holding to Portnard Limited, a closely associated person, which acquired them at 330 pence per share. Following this transfer, Andrew Perloff holds 3,715,860 ordinary shares (21.30% voting rights) and Portnard Limited holds 8,705,175 ordinary shares (49.91% voting rights). The Panel on Takeovers and Mergers has waived the requirement for Portnard Limited to make a mandatory offer for the Company under Rule 9 of the City Code on Takeovers and Mergers.
| Date | 17 Oct 2024 |
| Time | 12:44:14 |
| Category | Director/PDMR dealings |
| ID | 6377I |
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 |
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a) |
Name |
1) Andrew Perloff 2) Portnard Limited |
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|
2. |
Reason for the Notification |
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a) |
Position/status |
1) Executive Chairman 2) Person closely associated with Andrew Perloff |
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b) |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Panther Securities PLC |
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b) |
LEI |
2138007J2Y5R916YE715 |
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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 |
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|
a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 25 pence each |
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|
Identification code |
ISIN: GB0005132070 |
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|
b) |
Nature of the transaction |
1) Sale of ordinary shares of 25 pence each
2) Purchase of ordinary shares of 25 pence each |
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c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information: -Aggregated volume -Price |
n/a |
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|
e) |
Date of the transaction |
17 October 2024 |
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f) |
Place of the transaction |
London Stock Exchange, XLON |
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