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 LSE: 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 received notification on
The expiry of the transactions entailed the following:
-- The termination of the pledge and cession over 3,007,222 ordinary shares
of 1p each in Pan African Resources , as security for a ZAR 11,340,187.01
loan advanced to LTS for a term of 2 years from May 2024
-- Disposal of 2,609,616 ordinary shares of 1p each in Pan African
Resources to, inter alia , settle the loan and derivative obligations
under the collar structure, at a price of ZAR33.03 per share
Following these transactions,
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 | | |__|_____________________________________|_____________________________________| | | |Cobus Loots | |a)|Name: | | | | | | |__|_____________________________________|_____________________________________| | | 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, 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 | | |instrument, type of instrument: | | |a)| | | | | | | | | |Identification code: GB0004300496 | |__|_____________________________________|_____________________________________| | | |Trade 1: Termination of the pledge | | | |and cession | | | | | |b)|Nature of the transaction: |Trade 2: Settlement of collar and | | | |financing transaction through | | | |disposal of shares | | | | | | | | | |__|_____________________________________|_____________________________________| | | |Trade 1: Termination of pledge and | | | |cession over 3,007,222 shares | | | | | |c)|Price(s) and volume(s): |Trade 2: Settlement of collar and | | | |financing transaction to the value of| | | |ZAR86,058,228.52 through disposal of | | | |2,609,616 shares at a price of | | | |ZAR33.03 per share. | |__|_____________________________________|_____________________________________| | | |Trade 1: No value | | | | | | | |Trade 2: Disposal value of | | |Aggregated information: |ZAR86,195,616.50, of which a portion | |d)| |was utilised to settle the collar and| | | |financing transaction to the value of| | | |ZAR86,058,228.52 | | | | | | | | | |__|_____________________________________|_____________________________________| |e)|Dates of the transactions: |Trade 1 and 2: 11 May 2026 | |__|_____________________________________|_____________________________________| |f)|Place of the transactions: |Trade 1 and 2: Johannesburg Stock | | | |Exchange | |__|_____________________________________|_____________________________________|
Additional information disclosed in accordance with the JSE Listings Requirements:
______________________________________________________________________________ |a)|Nature of interest of executive: |Trade 1 and 2: Indirect beneficial | |__|_____________________________________|_____________________________________| | | |Trade 1: Off-market | |b)|On-market or off-market: | | | | |Trade 2: On-market | |__|_____________________________________|_____________________________________| | |Clearance given in terms of paragraph| | |c)|6.83 of the JSE Listings |Yes | | |Requirements: | | |__|_____________________________________|_____________________________________| | | |Trade 1: Market value of the pledged | | | |shares ofZAR100,050,275.94 , based on| | | |the prevailing market price on the | | | |JSE ofZAR33.27 per share on 13 May | | | |2026 | |d)|Total value of transactions | | | | |Trade 2: Disposal value of | | | |ZAR86,195,616.50, of which a portion | | | |was utilised to settle the collar and| | | |financing transaction to the value of| | | |ZAR86,058,228.52 | |__|_____________________________________|_____________________________________| | | |Indirect beneficial 2,187,538 | | | |ordinary shares | |e)|Holding following transactions: | | | | |Direct beneficial 1,148,700 ordinary | | | |shares | |__|_____________________________________|_____________________________________|
For further information on Pan African, please visit the Company's website at
Corporate information Corporate Office The Firs Building Registered Office 2nd Floor, Office 204 107 Cheapside, 2 nd Floor Corner Cradock and Biermann Avenues London, EC2V 6DN Rosebank, Johannesburg United Kingdom South Africa Office: + 44 (0)20 3869 0706 Office: + 27 (0)11 243 2900 jane.kirton@corpserv.co.ukinfo@paf.co.za Chief Executive Officer Financial Director and debt officer Cobus Loots Marileen Kok 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 Joint Broker Jane Kirton Ross Allister/Georgia Langoulant St James's Corporate Services Limited Peel Hunt LLP Office: + 44 (0)20 3869 0706 Office: +44 (0)20 7418 8900 JSE Sponsor & JSE Debt Sponsor Joint Broker Ciska Kloppers Thomas Rider/Nick Macann Questco Corporate Advisory ProprietaryBMO Capital Markets Limited Limited Office: +44 (0)20 7236 1010 Office: + 27 (0) 63 482 3802 Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: +44 (0)20 3207 7800
