Move to AIM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO ORFROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THERELEVANT LAWS OF SUCH JURISDICTION 5 November 2013 Panther Securities PLC (the "Company") Proposed Move to AIM The Company is pleased to announce that it has posted a circular toShareholders (the "Circular") convening a General Meeting at which the Companywill seek Shareholder approval for the proposed cancellation of the admissionof its ordinary shares to the premium segment of the Official List and totrading on the London Stock Exchange's main market for listed securities("Cancellation") and detail its intention to apply for admission to trading onAIM ("AIM Admission"). Sanlam Securities is acting as financial adviser to theCompany in connection with the Cancellation and will act as nominated adviserand joint broker on AIM Admission becoming effective. The Circular is available on the Company's website at www.pantherplc.com andwill be submitted to the National Storage Mechanism where it will shortly beavailable at www.morningstar.co.uk/uk/nsm. Commenting on the Move to AIM, Andrew Perloff, Executive Chairman of PantherSecurities PLC, said: "As Chairman and a major shareholder of the Company, I firmly believe that theproposal to move to AIM is the right thing to do for the Company and all itsshareholders and recommend that shareholders support the proposal." Reasons for the Move to AIM The Board has carefully considered the proposed Move to AIM and believes thatit is in the best interests of the Company and its Shareholders as a whole forthe following reasons: • AIM provides a more suitable market and environment that should simplify theadministrative and regulatory requirements of the Company; • AIM will offer greater flexibility with regard to corporate transactions andshould enable the Company to agree and execute certain transactions morequickly and cost effectively than a company on the Official List; • Since 5 August 2013, shares traded on AIM can be held in ISAs; and • The UK government's proposed abolishment of stamp duty on shares traded onAIM in April 2014 should, if implemented, help increase liquidity in thetrading of the Company's Ordinary Shares should the Move to AIM proceed. Details of the AIM Admission In order to effect the AIM Admission, the Company will require, inter alia,Shareholder approval of the Resolution at the General Meeting to be held atDeneway House, 88-94 Darkes Lane, Potters Bar, Hertfordshire EN6 1AQ at 11.30a.m. on 27 November 2013. The Notice of General Meeting in the Circular setsout the terms of the Resolution which will be proposed at the General Meetingas a special resolution in order to approve the Cancellation and Admission. TheResolution is subject to approval being obtained from not less than 75 percent. of Shareholders voting in person or by proxy and, if it is not passed,the Company will retain its premium listing on the Official List and itsOrdinary Shares will remain traded on the Main Market. Assuming the Resolution is passed, the Company will apply to cancel the listingof its Ordinary Shares on the Official List and to trading on the Main Marketand will give 20 Business Days' notice of its intention to seek admission totrading on AIM under AIM's 'fast track procedure' for companies that have theirsecurities traded on an AIM Designated Market (which includes the OfficialList). It is expected that the last day of dealings in the Ordinary Shares on the MainMarket will be 27 December 2013 and that cancellation of the listing of theOrdinary Shares on the Official List will take effect at 8.00 a.m. on 30December 2013, being not less than 20 Business Days from the passing of theResolution. Admission is expected to take place, and dealings in OrdinaryShares are expected to commence on AIM at 8.00 a.m. on 30 December 2013. Irrevocable undertakings The Directors have received irrevocable undertakings to vote in favour of theResolution from Shareholders holding in aggregate 74.85 per cent. of theexisting issued Ordinary Shares as at 1 November 2013, being the lastpracticable day before the publication of the Circular. Expected timetable of principal events Event Latest time and date for receipt of completed 11.30 a.m. on 25 November 2013Forms of Proxy General Meeting 11.30 a.m. on 27 November 2013 Last day of dealings on the Official List 27 December 2013 Cancellation effective 8.00 a.m. on 30 December 2013 Admission and commencement of dealings on AIM 8.00 a.m. on 30 December 2013 Note: Each of the times and dates above are indicative only and subject to changewithout consultation. If any of the above times and/or dates change, therevised times and/or dates will be notified by announcement on a RegulatoryInformation Service. References in this document to time are to London time,unless specified otherwise. Unless otherwise stated defined terms in this announcement not otherwisedefined shall have the same meaning as is ascribed to them in the Circular. For further information please contact: Panther Securities PLC Tel: 01707 667 300Andrew Perloff - ChairmanSimon Peters - Finance Director Sanlam Securities UK LimitedFinancial Adviser and Proposed Nomad and Joint Broker Tel: 020 7628 2200David Worlidge/Scott Mathieson