IN BRIEF: CHONS Set To Hold 19% Voting Rights In Pantheon Resources
Thu, 4th Feb 2021 15:36
Pantheon Resources PLC - oil & gas exploration company focused on the Alaska North Slope - CHONS LLS requests conversion of 14.3 million of its 102.5 million non-voting shares into ordinary shares with voting rights. CHONS received the non-voting shares, which have one-for-one conversion rights, as part of Pantheon s purchase of two companies from Great Bear Petroleum Operating LLC in January 2019. CHONS will hold 113.4 million voting ordinary shares in Pantheon following admission on Monday next week, 19.2% of the company s enlarged voting ordinary shares. Pantheon will have 590.8 million voting ordinary shares, plus the 88.2 million non-voting shares that CHONS will continue to hold.