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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 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
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)i
1a. Identity of the issuer or the underlying issuer
Pan African Resources Plc
of existing shares to which voting rights are at-
ISIN: GB0004300496
tachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name Ninety One SA (Pty) Ltd
City and country of registered office (if applicable) Cape Town, South Africa
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
27 August 2020
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 28 August 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights through financial in- Total number of
Total of both in %
attached to shares struments voting rights of
(8.A + 8.B)
(total of 8. A) (total of 8.B 1 + 8.B issuervii
2)
Resulting situation
on the date on
which threshold 5.00% 0.00% 5.00% 2,234,687,537
was crossed or
reached
Position of previ-
ous notification (if 4.92% 0.00% 4.92%
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of Number of voting rightsix % of voting rights
shares
ISIN code (if possi- Direct Indirect Direct Indirect
ble) (Art 9 of Directive (Art 10 of Di- (Art 9 of Directive (Art 10 of Di-
GB0004300496 2004/109/EC) rective 2004/109/EC) rective
(DTR5.1) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
Common Stock - 111,734,400 - 5.00 %
GBP.01
SUBTOTAL 8. A 111,734,400 5.00 %
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting
Expira- rights that may be ac-
Type of financial Exercise/ % of voting
tion quired if the instru-
instrument Conversion Periodxi rights
datex ment is
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Exercise/ Physical or
Type of finan- Expiration Number of % of voting
x Conversion cash
cial instrument date voting rights rights
Period xi settlementxii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or indirectly an interest in the (under- X
xiii
lying) issuer
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
entityxiv (please add additional rows as necessary)
% of voting rights
% of voting rights if it Total of both if it
through financial in-
equals or is higher equals or is higher
Namexv struments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Please note that securities in Pan African Resources Plc are held by Ninety One SA (Pty) Ltd and not
Ninety One UK Ltd. As part of the same group of companies, Ninety One UK Ltd has assumed the report-
ing obligation on behalf of Ninety One SA (Pty) Ltd.
Place of completion London, England
Date of completion 28/08/2020
Rosebank
1 September 2020
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. 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
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900
Phil Dexter/Jane Kirton Hethen Hira
St James's Corporate Services Limited Pan African Resources PLC
Company Secretary Head : Investor Relations
Office: + 44 (0)20 7796 8644 Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Ciska Kloppers Ross Allister/David McKeown
Questco Corporate Advisory Proprietary Limited Peel Hunt LLP
JSE Sponsor Nominated Adviser and Joint Broker
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7418 8900
Thomas Rider/Neil Elliot
BMO Capital Markets Limited
Joint Broker
Office: +44 (0)20 7236 1010
Website: www.panafricanresources.com
Date: 01-09-2020 09:00:00
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