PAN AFRICAN RESOURCES PLC - Director's dealings in securities

Director's dealings in securities

Pan African Resources PLC
(Incorporated and registered in England and Wales under the UK Companies Act 2006 with
registration number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
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
220,000 ordinary shares of 1p each in Pan African Resources on 15 September 2021.

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 0.1397% of the
Company's issued share capital and a direct beneficial interest of 758,112 ordinary shares,
representing 0.0339% 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):                             220,000 ordinary shares
                                                            VWAP ZA 341.54 cents per share
                                                            Low ZA 340.00 cents per share
                                                            High ZA 345.00 cents per share

 d)     Aggregated information:                             ZAR 751,398.67

 e)     Dates of the transaction:                           15 September 2021

 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)     Holding following transactions:                      Indirect beneficial 3,122,349
                                                             ordinary shares,
                                                             Direct beneficial 758,112 ordinary
                                                             shares



Johannesburg

16 September 2021

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 16-09-2021 01:57:00
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