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PAN AFRICAN RESOURCES PLC - Directors dealings in securities - D Louw

Release Date: 30/05/2023 08:00
Code(s): PAN PARS01 PARS02     PDF:  
Wrap Text
Director’s dealings in securities - D Louw

Pan African Resources PLC                            Pan African Resources Funding Company
(Incorporated and registered in England and Wales    Limited
under the Companies Act 1985 with registered         Incorporated in the Republic of South
number 3937466 on 25 February 2000)                  Africa with limited liability
Share code on AIM: PAF                               Registration number: 2012/021237/06
Share code on JSE: PAN                               Alpha code: PARI
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 Financial Director, Deon Louw, bought
230,000 ordinary shares of 1p each in Pan African Resources on 26 May 2023.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Louw
has an indirect beneficial interest of 3,122,349 ordinary shares, representing 0.1405% of the
Company's issued share capital and a direct beneficial interest of 988,112 ordinary shares,
representing 0.0445% of the Company's issued share capital.

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:                                               Deon Louw

 2.      Reason for the notification

 a)      Position/status:                                    Finance Director

 b)      Initial notification/Amendment:                     Initial notification

 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 the financial instrument, type of    Ordinary shares of 1p each
        instrument:

                                                            Identification code: GB0004300496

 b)     Nature of the transaction:                          Acquisition of ordinary shares

 c)     Price(s) and volume(s):
                                                             Price(s)            Volume(s)
                                                             (ZA cents per
                                                             share)

                                                             325.00              3,000

                                                             326.00              50,000

                                                             327.00              10,000

                                                             327.00              15,000

                                                             330.00              100,000

                                                             330.00              20,000

                                                             332.00              15,000

                                                             333.00              7,000

                                                             334.00              10,000




 d)     Aggregated information:                             230,000 ordinary shares
                                                            VWAP ZA 329.13 cents per share



 e)     Dates of the transaction:                           26 May 2023

 f)     Place of the transaction:                           Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                     Direct beneficial

 b)     On-market or off-market:                             On-market
   
 c)     Clearance given in terms of paragraph 3.66 of the    Yes
        JSE Listings Requirements:

 d)     Total value of transaction                           ZAR 757,010.00

 e)     Holding following transactions:                      Indirect beneficial 3,122,349
                                                             ordinary shares,
                                                             Direct beneficial 988,112 ordinary
                                                             shares



   Johannesburg

   30 May 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 Office 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                                 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/David McKeown
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 Limited           BMO Capital Markets Limited
Office: + 27 (0)11 011 9200                              Office: +44 (0)20 7236 1010

                                                         Joint broker
                                                         Matthew Armitt/Jennifer Lee
                                                         Joh. Berenberg, Gossler & Co KG
                                                         Office: +44 (0)20 3207 7800

Date: 30-05-2023 08:00:00
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