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Tr-1: Notification Of Major Interest In Shares
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or “the Company”)
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
Pan African received the following notification on Thursday, 13 March 2014:
“1. IDENTITY OF THE ISSUER OR THE UNDERLYING ISSUER OF EXISTING SHARES TO WHICH VOTING RIGHTS
ARE ATTACHED:
Pan African Resources Plc
2 REASON FOR THE NOTIFICATION:
An acquisition or disposal of voting rights: No
An acquisition or disposal of qualifying financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): Yes – Holding increased over 11% threshold
3. FULL NAME OF PERSON(S) SUBJECT TO THE NOTIFICATION OBLIGATION:
Coronation Asset Management (Pty) Ltd
4. FULL NAME OF SHAREHOLDER(S) (IF DIFFERENT FROM 3.):
N/A
5. DATE OF THE TRANSACTION AND DATE ON WHICH THE THRESHOLD IS CROSSED OR REACHED:
3 December 2013
6. DATE ON WHICH ISSUER NOTIFIED:
13 March 2014
7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
11%
8. NOTIFIED DETAILS:
A: VOTING RIGHTS ATTACHED TO SHARES
------------------------------------------------------------------------------------------------
Class/type of shares Situation previous to the triggering transaction
if possible using the ISIN CODE
Number of Shares Number of Voting Rights
------------------------------------------------------------------------------------------------
GB0004300496 199,769,908 N/A
------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------
Number of Number of voting Number of voting % of voting % of voting
Shares - rights - rights- rights rights
Direct Direct Indirect Direct Indirect
-----------------------------------------------------------------------------------------------
203,064,902 N/A N/A 11.11% N/A
-----------------------------------------------------------------------------------------------
B: QUALIFYING FINANCIAL INSTRUMENTS
----------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/Conversion Number of voting % of
instrument date Period rights that may be voting
acquired if the rights
instrument is
exercised/converted
----------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A
----------------------------------------------------------------------------------------------
C: FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS
----------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number % of
instrument price Date Conversion of voting voting
Period rights rights
instrument
refers to
----------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A N/A
----------------------------------------------------------------------------------------------
TOTAL (A+B+C)
-----------------------------------------------------------
Number of voting rights Percentage of voting rights
-----------------------------------------------------------
203,064,902 11.11%
-----------------------------------------------------------
9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS AND/OR THE
FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE:
N/A
10. NAME OF THE PROXY HOLDER:
Coronation Asset Management (Pty) Ltd
11. NUMBER OF VOTING RIGHTS PROXY HOLDER WILL CEASE TO HOLD:
N/A
12. DATE ON WHICH PROXY HOLDER WILL CEASE TO HOLD VOTING RIGHTS:
N/A
13. ADDITIONAL INFORMATION:
N/A
14. CONTACT NAME:
Alison Young
15. CONTACT TELEPHONE NUMBER:
Tel: +27 21 680 2000”
13 March 2014
JSE Sponsor: One Capital
PAN AFRICAN ENQUIRIES
Pan African Resources
Mr Ron Holding
Chief Executive Officer
+27 (0) 11 243 2900
UK
Canaccord Genuity Limited
Nomad and Joint Broker
Neil Elliott/ Peter Stewart / Joe Weaving
+44 (0) 20 7523 8350
finnCap Limited
Joint Broker
Elizabeth Johnson / Joanna Weaving
+44 (0) 20 7220 0500
St James’s Corporate Services Limited
Phil Dexter
+44 (0) 20 7796 8647
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
South Africa
Vestor Investor Relations
Louise Brugman
+27 (0) 11 787 3015
+27 83 504 1186
One Capital
Liezl Gildenhuys
+27 (0) 11 550 5000
For further information on Pan African, please visit the website at www.panafricanresources.com
Date: 13/03/2014 02:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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