Apr. 14 at 11:04 AM
$PTHRF Pantheon Resources PLC Announces Granting Restricted Stock Units and Blocklisting Application. announces the annual granting of restricted stock units ("RSUs") pursuant to Pantheon's Employee Stock Ownership Plan ("ESOP"), as announced in 2024 and 2025. 12,960,102 new RSUs granted:
These RSUs do not become shares immediately.
They vest in three annual tranches starting April 2027.
When they vest, they convert into ordinary shares — which increases the share count.
8,000,000 new shares added to the blocklisting
This is not an immediate issuance.
It simply creates headroom so the company can issue shares later to satisfy:
RSU vesting
LTIP option exercises
Future employee grants
Bottom line:
No shares are issued today, but the company has authorized the ability to issue up to 20.96 million additional shares in the future. If Pantheon successfully develops Kodiak and Ahpun, the value creation will far outweigh the 1.4% dilution.