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PAN AFRICAN RESOURCES PLC - Directors dealings in securities - C Loots

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

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 Chief Executive Officer, Cobus Loots,
bought 200,000 ordinary shares of 1p each in Pan African Resources on 26 May 2023 and entered
into 200,000 contracts for difference (CFDs).

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Loots
has an indirect beneficial interest of 5,048,504 ordinary shares, representing 0.2271% of the
Company's issued share capital and a direct beneficial interest of 1,873,982 ordinary shares,
representing 0.0843% of the Company's issued share capital and 314,280 open contracts for
differences (CFDs).

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:                                 Cobus Loots



 2.                         Reason for the notification

 a)                         Position/status:                      Chief Executive Officer

 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          Trade 1:
                            instrument, type of instrument:       Ordinary shares of 1p each
                                                                  Identification code:
                                                                  GB0004300496
                           
b)                          Nature of the transaction:            Trade 1:
                                                                  Acquisition of ordinary shares
                                                                  Trade 2:
                                                                  Acquisition of Contract for
                                                                  Difference derivate

c)                          Price(s) and volume(s):               Trade 1:
                                                                  200,000 ordinary shares at
                                                                  13.20 pence per share

                                                                  Trade 2:
                                                                  Price(s)        Volume(s)
                                                                  (Pence per
                                                                  CFD)

                                                                  13.00           4,980

                                                                  13.12           2,876

                                                                  13.12           10,156

                                                                  13.12           13,040

                                                                  13.12           18,613

                                                                  13.20           11,896

                                                                  13.20           100,000

                                                                  13.20           5,444

                                                                  13.20           32,995


d)                              Aggregated information:           Trade 1:
                                                                  200,000 ordinary shares at 13.2
                                                                  pence per share
                                                                  Trade 2:
                                                                  200,000 CFDs at 13.177 pence
                                                                  per share

e)                              Dates of the transactions:        Trade 1 and 2:
                                                                  26 May 2023

f)                              Place of the transaction:         Trade 1:
                                                                  London SETS
                                                                  Trade 2:
                                                                  OTC



   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 transactions                                 Trade 1:
                                                                        GBP26,400 for ordinary shares
                                                                        Trade 2:
                                                                        GBP26,354 for CFDs

    e)      Holding following transactions:                             Indirect beneficial 5,048,504
                                                                        ordinary shares
                                                                        Direct beneficial 1,873,982
                                                                        ordinary shares
                                                                        314,280 open CFDs



   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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