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TR-1: Standard form for notification of major holdings
Pan African Resources PLC
(Incorporated and registered in England and Wales under the Companies Act
1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
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 Issuer
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
M&G Plc
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
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
10-Oct-2022
6. Date on which Issuer notified
11-Oct-2022
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in
. attached to shares
instruments (total of % (8.A + 8.B)
voting rights held in
(total of 8.A) issuer
8.B 1 + 8.B 2)
Resulting situation
on the date on
which threshold 5.060943 0.000000 5.060943 112497773
was crossed or
reached
Position of
previous
Below 5% Below 5% Below 5%
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 direct
Class/Type of shares Number of indirect voting % of direct voting % of indirect voting
voting rights
ISIN code(if possible) rights (DTR5.2.1) rights (DTR5.1) rights (DTR5.2.1)
(DTR5.1)
0 112497773 0.000000 5.060943
GB0004300496
Sub Total 8.A 112497773 5.060943%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that may be % of
Type of financial Expiration Exercise/conversion
acquired if the instrument is voting
instrument date period
exercised/converted rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of
Expiration Exercise/conversion Physical or cash Number of voting % of voting
financial
date period settlement rights rights
instrument
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
% of voting rights through financial
Total of both if it
if it equals or is instruments if it
Ultimate controlling Name of controlled equals or is higher
higher than the equals or is
person undertaking than the notifiable
notifiable higher than the
threshold
threshold notifiable
threshold
M&G Plc (Parent
M&G Plc 5.060943 5.060943%
Company)
M&G Group
Regulated Entity
Holding Company
M&G Plc 5.060943 5.060943%
Limited (wholly
owned subsidiary
of M&G Plc)
M&G Group
Limited (wholly
owned subsidiary
M&G Plc of M&G Group 5.060943 5.060943%
Regulated Entity
Holding Company
Limited)
M&G FA Limited
(wholly owned
M&G Plc 5.060943 5.060943%
subsidiary of M&G
Group Limited)
MandG
Investments
Southern Africa
M&G Plc (Pty) Ltd (majority 5.060943 5.060943%
owned subsidiary
of M&G FA
Limited)
MandG Investment
Managers (Pty) Ltd
(wholly owned
subsidiary of
M&G Plc 5.060943 5.060943%
MandG
Investments
Southern Africa
(Pty) Ltd)
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
11-Oct-2022
13. Place Of Completion
London, United Kingdom
Rosebank
12 October 2022
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 Suite 31
2nd Floor, Office 204 Second Floor
Corner Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0) 11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0) 20 7796 8644
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
Phil Dexter/Jane Kirton Ross Allister/Alexander Allen
St James's Corporate Services Limited Peel Hunt LLP
Office: + 44 (0) 20 7796 8644 Office: +44 (0) 20 7418 8900
JSE 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
(Berenberg)
Office: +44 (0) 20 3207 7800
Date: 12-10-2022 07:07:00
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