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TR-1: Standard form for notification of major holdings
Pan African Resources PLC Pan African Resources Funding
(Incorporated and registered in England and Company Limited
Wales under the Companies Act 1985 with Incorporated in the Republic of South
registered number 3937466 on 25 February Africa with limited liability
2000) Registration number: 2012/021237/06
Share code on AIM: PAF Alpha code: PARI
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(“Pan African” or the “Company” or the
“Group”)
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0004300496
Issuer Name
PAN AFRICAN RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Allan Gray Proprietary Limited
City of registered office (if applicable)
Cape Town
Country of registered office (if applicable)
South Africa
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s)
subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
04-May-2023
6. Date on which Issuer notified
08-May-2023
7. Total positions of person(s) subject to the notification
obligation
% of voting
% of voting rights through
Total number of
rights attached financial Total of both in
. voting rights
to shares (total instruments % (8.A + 8.B)
held in issuer
of 8.A) (total of 8.B 1 +
8.B 2)
Resulting
situation on
the date on
which 20.998000 0.000000 20.998000 402420003
threshold was
crossed or
reached
Position of
previous
23.650000 0.000000 23.650000
notification (if
applicable)
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Number of
Class/Type of Number of direct % of indirect
indirect voting % of direct voting
shares ISIN voting rights voting rights
rights rights (DTR5.1)
code(if possible) (DTR5.1) (DTR5.2.1)
(DTR5.2.1)
GB0004300496 402420003 20.998000
Sub Total 8.A 402420003 20.998000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that
% of
Type of financial Expiration Exercise/conversion may be acquired if the
voting
instrument date period instrument is
rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of % of
Expiration Exercise/conversion Physical or cash Number of
financial voting
date period settlement voting rights
instrument rights
Sub Total 8.B2
9. Information in relation to the person subject to the
notification obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add
additional rows as necessary)
% of voting
rights through
% of voting
financial Total of both if it
rights if it equals
Ultimate Name of controlled instruments if equals or is higher
or is higher than
controlling person undertaking it equals or is than the notifiable
the notifiable
higher than threshold
threshold
the notifiable
threshold
Allan Gray
Allan Gray
Unit Trust
Proprietary 11.040000 10.790400%
Management
Limited
(RF) Limited
Allan Gray
Allan Gray
Proprietary 2.740000 2.740000%
Life Limited
Limited
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
08-May-2023
13. Place Of Completion
Cape Town, South Africa.
Rosebank
9 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 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
Date: 09-05-2023 12:00:00
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