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
-- The transfer of 2 000 000 ordinary shares from Figit (Pty) Ltd , an
entity associated with Deon Louw , into his own name
-- Collar transaction for 2,000,000 ordinary shares of 1p each in Pan
African Resources
-- The advance of a loan of ZAR 11,122,505.00 for a term of 1 year with
2,000,000 shares pledged as security for the loan and the dividend on
these secured shares sacrificed for the loan’s tenure.
Following these transactions, which is detailed in the PDMR Notification Dealing Form below,
Whereas the announcement on dealings by the Financial Director
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: |Deon Louw | |__|_____________________________________|_____________________________________| | |Reason for the notification | | |2.| | | |__|_____________________________________|_____________________________________| |a)|Position/status: |Finance Director | |__|_____________________________________|_____________________________________| |b)|Initial notification/Amendment: |Initial notification | |__|_____________________________________|_____________________________________| | |Details of the issuer, emission | | | |allowance market participant, auction| | |3.|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 of| | |4.|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: Transfer | | | | | |b)|Nature of the transaction: |Trade 2: Collar structure | | | | | | | |Trade 3: Security for loan | |__|_____________________________________|_____________________________________| | | |Trade 1: Transfer 2,000,000 ordinary | | | |shares for nil consideration | | | | | | | |Trade 2: Collar structure over | | | |2,000,000 shares. Put option strike | | | |price (bought) ZA607 cents per share | |c)|Price(s) and volume(s): |and call option strike price (sold) | | | |ZA698 cents per share for 2,000,000 | | | |shares. | | | | | | | |Trade 3: Pledged 2,000,000 shares | | | |with a dividend sacrifice as security| | | |for a 1 year term loan of ZAR | | | |11,122,505.00 | |__|_____________________________________|_____________________________________| | | |Trade 1: Transfer 2,000,000 ordinary | | | |shares for nil consideration | | | | | |d)|Aggregated information: |Trade 2: Collar structure over | | | |2,000,000 shares | | | | | | | |Trade 3: Loan amountZAR11,122,505 | |__|_____________________________________|_____________________________________| |e)|Dates of the transaction: |28 June 2024 | |__|_____________________________________|_____________________________________| |f)|Place of the transaction: |Johannesburg Stock Exchange | |__|_____________________________________|_____________________________________|
Additional information disclosed in accordance with the JSE Listings Requirements:
______________________________________________________________________________ | | |Trade 1: Direct beneficial | | | | | |a)|Nature of interest of executive: |Trade 2: Direct beneficial | | | | | | | |Trade 3: Direct beneficial | |__|______________________________________|____________________________________| | | |Trade 1: Off-market | | | | | |b)|On-market or off-market: |Trade 2: Off-market | | | | | | | |Trade 3: Off-market | |__|______________________________________|____________________________________| |c)|Clearance given in terms of paragraph |Yes | | |3.66 of the JSE Listings Requirements:| | |__|______________________________________|____________________________________| | | |Trade 1: Nil consideration | | | | | |d)|Total value of transaction |Trade 2: No premium | | | | | | | |Trade 3:ZAR11,122,505.00 | |__|______________________________________|____________________________________| | | |Indirect beneficial 245,209 ordinary| | | |shares, | |e)|Holding following transactions: | | | | |Direct beneficial 4,728,254 ordinary| | | |shares | |__|______________________________________|____________________________________|
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 | |______________________________________|____________________________________|
