Pan African Resources Plc Director/PDMR Shareholding
31 October 2023 - 1:00AM
UK Regulatory
TIDMPAF
Pan African Pan African Resources Funding
Resources PLC Company Limited
(Incorporated Incorporated in the Republic of
and South Africa with limited
registered in liability
England and
Wales under Registration number:
the Companies 2012/021237/06
Act 1985 with
registered Alpha code: PARI
number
3937466 on 25
February
2000)
Share code on
AIM: PAF
Share code on
JSE: PAN
ISIN:
GB0004300496
ADR ticker
code: PAFRY
("Pan African
Resources" or
the
"Company")
DIRECTOR'S DEALINGS IN SECURITIES
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS
The Company announces it has received notification that on 27 October 2023, LTS
Ventures (Pty) Ltd, an entity associated with Chief Executive Officer, Cobus
Loots, bought 136,000 ordinary shares of 1p each in Pan African Resources.
Following this transaction, which is detailed in the PDMR Notification Dealing
Form below, Mr Loots has an indirect beneficial interest of 5,184,504 ordinary
shares, representing 0.2332% of the Company's issued share capital and a direct
beneficial interest of 1,873,982 ordinary shares, representing 0.0843% of the
Company's issued share capital and 314,280 open contracts for differences
(CFDs).
The below information and notification are made in accordance with the EU Market
Abuse Regulation and the JSE Listings Requirements.
+--------------------++-----------------+--------------------------+
|1. ||Details of the | |
| ||person | |
| ||discharging | |
| ||managerial | |
| ||responsibilities/| |
| ||person closely | |
| ||associated | |
+--------------------++-----------------+--------------------------+
|a) ||Name: |Cobus Loots |
+--------------------++-----------------+--------------------------+
|2. ||Reason for the | |
| ||notification | |
+--------------------++-----------------+--------------------------+
|a) ||Position/status: |Chief Executive Officer |
+--------------------++-----------------+--------------------------+
|b) ||Initial |Initial notification |
| ||notification/Amen| |
| ||dment: | |
+--------------------++-----------------+--------------------------+
|3. ||Details of the | |
| ||issuer, emission | |
| ||allowance market | |
| ||participant, | |
| ||auction | |
| ||platform, | |
| ||auctioneer or | |
| ||auction monitor | |
+--------------------++-----------------+--------------------------+
|a) ||Company name: |Pan African Resources PLC |
+--------------------++-----------------+--------------------------+
|b) ||LEI: |213800EAXURCXMX6RL85 |
+--------------------++-----------------+--------------------------+
|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 |Ordinary shares of 1p each|
| ||the financial | |
| ||instrument, type |Identification code: |
| ||of instrument: |GB0004300496 |
+--------------------++-----------------+--------------------------+
|b) ||Nature of the |Acquisition of ordinary |
| ||transaction: |shares |
+--------------------++-----------------+--------------------------+
|c) ||Price(s) and |136,000 ordinary shares at|
| ||volume(s): |ZA 360.00 cents per share |
+--------------------++-----------------+--------------------------+
|d) ||Aggregated |136,000 ordinary shares |
| ||information: | |
| || |VWAP ZA 360.00 cents per |
| || |share |
+--------------------++-----------------+--------------------------+
|e) ||Dates of the |27 October 2023 |
| ||transactions: | |
+--------------------++-----------------+--------------------------+
|f) ||Place of the |Johannesburg Stock |
| ||transaction: |Exchange |
+--------------------++-----------------+--------------------------+
Additional information disclosed in accordance with the JSE Listings
Requirements:
+--+--------------------------------------+-------------------+
|a)|Nature of interest of executive: |Indirect beneficial|
+--+--------------------------------------+-------------------+
|b)|On-market or off-market: |On-market |
+--+--------------------------------------+-------------------+
|c)|Clearance given in terms of paragraph |Yes |
| |3.66 of the JSE Listings Requirements:| |
+--+--------------------------------------+-------------------+
|d)|Total value of transactions |ZAR 489,600.00 |
+--+--------------------------------------+-------------------+
|e)|Holding following transactions: |Indirect beneficial|
| | |5,184,504 ordinary |
| | |shares |
| | | |
| | |Direct beneficial |
| | |1,873,982 ordinary |
| | |shares |
| | | |
| | |314,280 open CFDs |
+--+--------------------------------------+-------------------+
Johannesburg
30 October 2023
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
+-----------------------------------------------+---------------------------+
|Corporate information |
+-----------------------------------------------+---------------------------+
|Corporate office |Registered office |
| | |
|The Firs Building |2nd Floor |
| | |
|2nd Floor, Office 204 |107 Cheapside |
| | |
|Corner Cradock and Biermann Avenues |London |
| | |
|Rosebank, Johannesburg |EC2V 6DN |
| | |
|South Africa |United Kingdom |
| | |
|Office: + 27 (0) 11 243 2900 |Office: + 44 (0) 20 7796 |
| |8644 |
|info@paf.co.za | |
| |info@paf.co.za |
+-----------------------------------------------+---------------------------+
|Chief executive officer |Financial director and debt|
| |officer |
|Cobus Loots | |
| |Deon Louw |
|Office: + 27 (0) 11 243 2900 | |
| |Office: + 27 (0) 11 243 |
| |2900 |
+-----------------------------------------------+---------------------------+
|Head: Investor relations |Website: |
| |www.panafricanresources.com|
|Hethen Hira | |
|Tel: + 27 (0) 11 243 2900 | |
|E-mail: hhira@paf.co.za | |
+-----------------------------------------------+---------------------------+
|Company secretary |Nominated adviser and joint|
| |broker |
|Jane Kirton | |
| |Ross Allister/Bhavesh Patel|
|St James's Corporate Services Limited | |
| |Peel Hunt LLP |
|Office: + 44 (0) 20 7796 8644 | |
| |Office: +44 (0) 20 7418 |
| |8900 |
+-----------------------------------------------+---------------------------+
|JSE sponsor |Joint broker |
| | |
|Ciska Kloppers |Thomas Rider/Nick Macann |
| | |
|Questco Corporate Advisory Proprietary Limited |BMO Capital Markets Limited|
| | |
|Office: + 27 (0) 11 011 |Office: +44 (0) 20 7236 |
|9200 (https://www.google.co.za/search?q=questco|1010 |
|&rlz=1C1EJFC_enZA816ZA818&oq=q | |
|uestco&aqs=chrome..69i57j0l5.1 | |
|159j0j4&sourceid=chrome&ie=UTF-8) | |
+-----------------------------------------------+---------------------------+
| |Joint broker |
| | |
| |Matthew Armitt/Jennifer Lee|
| | |
| |Joh. Berenberg, Gossler & |
| |Co KG (Berenberg) |
| | |
| |Office: +44 (0) 20 3207 |
| |7800 |
+-----------------------------------------------+---------------------------+
This information was brought to you by Cision http://news.cision.com
END
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