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LONDON - British businessman Michael Spencer has increased his stake in Pantheon Resources PLC (AIM:PANR) to 8.19% of voting rights, according to a regulatory filing published Tuesday.
The notification shows Spencer crossed the reportable threshold on July 11, with the company being notified on July 14. His total position now consists of 6.37% in direct voting rights attached to shares and 1.82% through financial instruments.
Spencer’s previous position stood at 7.19%, comprising 5.26% in voting rights attached to shares and 1.93% through financial instruments.
The filing indicates Spencer holds 10,957,230 direct voting rights and 68,036,328 indirect voting rights through IPGL Ltd, a company he controls. Additionally, he holds 22,514,201 voting rights through Contracts for Difference (CFDs) with cash settlement.
In total, Spencer now holds 101,507,759 voting rights in the oil and gas exploration company.
The disclosure was made in accordance with the UK’s regulatory requirements for notification of major holdings, which mandate investors to report when their stakes cross certain thresholds.
Pantheon Resources is listed on London’s AIM market and focuses on oil and gas exploration, primarily in Alaska.
The information was disclosed in a standard TR-1 form submitted to the London Stock Exchange (LON:LSEG)’s Regulatory News Service.
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