Pan African Resources Plc - Director/PDMR Shareholding
Pan African Resources PLC
(Incorporated and registered in England
and Wales under the Companies Act 1985 Pan African Resources Funding Company
with registered number 3937466 on 25 Limited
February 2000 )
Incorporated in the Republic of South
Share code on AIM: PAF Africa with limited liability
Share code on JSE: PAN Registration number: 2012/021237/06
ISIN: GB0004300496 Alpha code: PARI
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 that it has received notification that on
-- Collar transactions for 3,007,222 ordinary shares of 1p each in Pan
African Resources
-- The purchase of 711,744 ordinary shares of 1p each in Pan African
Resources
-- The advance of a loan of ZAR 11,340,187.01 for a term of 2 years with
3,007,222 shares pledged as security for the loan and the dividend on
these secured shares sacrificed for the loan’s tenure.
Following this transaction,
The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements.
______________________________________________________________________________ | ||Details of the person discharging | | |1.||managerial responsibilities/person | | | ||closely associated | | |__||____________________________________|_____________________________________| |a)||Name: |Cobus Loots | |__||____________________________________|_____________________________________| | ||Reason for the notification | | |2.|| | | |__||____________________________________|_____________________________________| |a)||Position/status: |Chief Executive Officer | |__||____________________________________|_____________________________________| |b)||Initial notification/Amendment: |Initial notification | |__||____________________________________|_____________________________________| | ||Details of the issuer, emission | | | ||allowance market participant, | | |3.||auction platform, auctioneer or | | | ||auction monitor | | |__||____________________________________|_____________________________________| |a)||Company name: |Pan African Resources PLC | |__||____________________________________|_____________________________________| |b)||LEI: |213800EAXURCXMX6RL85 | |__||____________________________________|_____________________________________| | ||Details of the transaction(s): | | | ||section to be repeated for (i) each | | | ||type of instrument; (ii) each type | | |4.||of transaction; (iii) each date; and| | | ||(iv) each place where transactions | | | ||have been conducted | | |__||____________________________________|_____________________________________| | ||Description of the financial |Ordinary shares of 1p each | |a)||instrument, type of instrument: | | | || |Identification code: GB0004300496 | |__||____________________________________|_____________________________________| | || |Trade 1: Collar structure | | || | | |b)||Nature of the transaction: |Trade 2: Acquisition of shares | | || | | | || |Trade 3: Security for loan | |__||____________________________________|_____________________________________| | || |Trade 1: Collar structure over | | || |3,007,222 shares. Put option strike | | || |price (bought) ZA449.6 cents per | | || |share. Call option strike price | | || |(sold) ZA906.81 cents per share. | | || | | |c)||Price(s) and volume(s): |Trade 2: Acquisition of 711,744 | | || |shares at ZA562 cents per share. | | || | | | || |Trade 3: Pledged 3,007,222 shares | | || |with a dividend sacrifice as security| | || |for a 2 year term loan of ZAR | | || |11,340,187.01. | |__||____________________________________|_____________________________________| | || |Trade 1: Collar structure over | | || |3,007,222 shares | | || | | |d)||Aggregated information: |Trade 2: Acquisition value of | | || |ZAR4,000,001.28 | | || | | | || |Trade 3: Loan amount ZAR11,340,187.01| |__||____________________________________|_____________________________________| |e)||Dates of the transactions: |9 May 2024 | |__||____________________________________|_____________________________________| |f)||Place of the transaction: |Johannesburg Stock Exchange | |__||____________________________________|_____________________________________|
Additional information disclosed in accordance with the JSE Listings Requirements:
_____________________________________________________________________________ | | |Trade 1: Indirect beneficial | | | | | |a)|Nature of interest of executive: |Trade 2: Indirect beneficial | | | | | | | |Trade 3: Indirect beneficial | |__|_____________________________________|____________________________________| | | |Trade 1: Off-market | | | | | |b)|On-market or off-market: |Trade 2: On-market | | | | | | | |Trade 3: Off-market | |__|_____________________________________|____________________________________| | |Clearance given in terms of paragraph| | |c)|3.66 of the JSE Listings |Yes | | |Requirements: | | |__|_____________________________________|____________________________________| | | |Trade 1: No premium | | | | | |d)|Total value of transactions |Trade 2:ZAR4,000,001.28 | | | | | | | |Trade 3:ZAR11,340,187.01 | |__|_____________________________________|____________________________________| | | |Indirect beneficial 5,896,248 | | | |ordinary shares | | | | | |e)|Holding following transactions: |Direct beneficial 1,873,982 ordinary| | | |shares | | | | | | | |314,280 open CFDs | |__|_____________________________________|____________________________________|
For further information on Pan African, please visit the Company's website at
___________________________________________________________________________ |Corporate information | |___________________________________________________________________________| |Corporate office |Registered office | | | | |The Firs Building |2nd Floor | | | | |2nd Floor, Office 204 |107 Cheapside | | | | |Cnr. 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 | | | | |Cobus Loots |Deon Louw | | | | |Office: + 27 (0)11 243 2900 |Office: + 27 (0)11 243 2900 | |______________________________________|____________________________________| |Head: Investor relations | | | | | |Hethen Hira |Website: www.panafricanresources.com| |Tel: + 27 (0)11 243 2900 | | |E-mail: hhira@paf.co.za | | |______________________________________|____________________________________| |Company secretary |Nominated adviser and joint broker | | | | |Jane Kirton |Ross Allister/Georgia Langoulant | | | | |St James's Corporate Services Limited |Peel Hunt LLP | | | | |Office: + 44 (0)20 7796 8644 |Office: +44 (0)20 7418 8900 | |______________________________________|____________________________________| |JSE Sponsor and JSE debt sponsor |Joint broker | | | | |Ciska Kloppers |Thomas Rider/Nick Macann | | | | |Questco Corporate Advisory Proprietary|BMO Capital Markets Limited | |Limited | | | |Office: +44 (0)20 7236 1010 | |Office: + 27 (0)11 011 9200 | | |______________________________________|____________________________________| | |Joint broker | | | | | |Matthew Armitt/Jennifer Lee | | | | | |Joh. Berenberg, Gossler & Co KG | | | | | |Office: +44 (0)20 3207 7800 | |______________________________________|____________________________________|
