Pantheon Resources PLC Announces Granting Restricted Stock Units and Blocklisting Application
Rhea-AI Summary
Pantheon Resources (OTC:PTHRF) has granted a total of 12,960,102 restricted stock units (RSUs) under its 2024 ESOP, calculated at a price of £0.1160 (closing price 8 April 2026). RSUs vest in three equal annual tranches commencing 9 April 2027 and are subject to conditions.
The company also applied to the London Stock Exchange for an additional 8,000,000 ordinary shares blocklisting to cover future LTIP option exercises and RSU vesting, expected to be admitted on or around 16 April 2026. Bi-annual blocklisting updates will be provided.
AI-generated analysis. Not financial advice.
Positive
- RSUs issued totaling 12,960,102 across staff
- Blocklisting adds 8,000,000 shares headroom
- RSUs vest in three equal annual tranches starting 9 April 2027
Negative
- Potential share dilution from 12.96m RSUs and 8.0m blocklisted shares
- RSU award calculation tied to £0.1160 price may lock in dilution at that level
News Market Reaction – PTHRF
On the day this news was published, PTHRF declined 6.25%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UK / ACCESS Newswire / April 13, 2026 / Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun projects on Alaska's North Slope, announces the annual granting of restricted stock units ("RSUs") pursuant to Pantheon's Employee Stock Ownership Plan ("ESOP"), as announced in 2024 and 2025.
Grant of RSUs
In October 2024, Pantheon announced details of its replacement ESOP ("2024 ESOP") for all employees and a Long-Term Incentive Plan ("LTIP") for Executive Directors and certain officers of the Company. The Company retired its remaining share option-based incentive plan (originally adopted in 2009 and amended in 2014) with the ESOP which, where practicable, looks to follow the principles of the Main Market of the London Stock Exchange.For further details on the ESOP, please refer to Note 23 within the Company's Consolidated Financial Statements for the financial year ended 30 June 2025, as included in the Company's Annual Report for that year.
Under the terms of the ESOP and as approved by the Company's Remuneration Committee, the Company has issued in aggregate 12,960,102 RSUs across all staff members (excluding non-executive directors). The number of RSUs awarded has been calculated using a price of
PDMR | 2026 RSUs Granted | 2026 RSUs as a % of Issued Share Capital |
Max Easley | 1,764,037 | |
Tralisa Maraj | 1,363,119 | |
Erich Krumanocher | 1,347,082 |
Blocklisting Application
An application has been made to the London Stock Exchange for an additional headroom of 8,000,000 Ordinary Shares of
The New Ordinary Shares will be issued where necessary, in order to satisfy the issue of shares pursuant to the future exercise of previously granted LTIP options and the future vesting of previously granted RSU's (and possible RSU grants to future hires) under the ESOP. When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of
The Company notes that the 2024 ESOP Blocklisting will continue to run in tandem to the Company's existing blocklisting, which will remain in place to satisfy the exercise of options under the Pantheon Resources Plc 2009 Discretionary Share Option Plan.
Further information:
Pantheon Resources plc | |
Max Easley, CEO | |
Canaccord Genuity Limited (Nominated Adviser, and Joint Broker) | |
Henry Fitzgerald-O'Connor | +44 20 7523 8000 |
BlytheRay (Corporate Communications) | +44 20 7138 3204 |
Tim Blythe |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | 1. Max Easley 2. Tralisa Maraj 3. Erich Krumanocher |
2 | Reason for the notification | |
a) | Position/status | 1. CEO 2. Chief Financial Officer 3. Chief Development Officer |
b) | Initial notification/Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Pantheon Resources plc |
b) | LEI | 213800SWHY5DNQS64J23 |
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 | Restricted Stock Units ("RSUs") ISIN: GB00B125SX82 |
b) | Nature of the transaction | 2026 ESOP RSU Grant |
c) | Price(s) and volumes(s) | 1. RSUs to acquire 1,764,037 Ordinary Shares for nil consideration 2. RSUs to acquire 1,363,119 Ordinary Shares for nil consideration 2. RSUs to acquire 1,347,082 Ordinary Shares for nil consideration |
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
e) | Date of the transaction | 09 April 2026 |
f) | Place of the transaction | Outside of a trading venue |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Pantheon Resources PLC
View the original press release on ACCESS Newswire