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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 01/04/2021 11:57
Code(s): PAN     PDF:  
Wrap Text
Director’s dealings in securities

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered 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 on 30 and 31 March 2021, LTS
Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, bought
1,279,045 ordinary shares of 1p each in Pan African Resources.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Loots has an indirect beneficial interest of 4,717,180 ordinary shares, representing
0.2111% of the Company's issued share capital and a direct beneficial interest of 1,571,747
ordinary shares, representing 0.0703% of the Company's issued share capital and 114,280
open CFDs.

The below information and notification is made in accordance with the EU Market Abuse
Regulation.



 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      Ordinary shares of 1p each
     instrument, type of instrument:

                                       Identification code:
                                       GB0004300496

b)   Nature of the transaction:        Trade 1:
                                       Acquisition of ordinary shares
                                       by an associate of Cobus
                                       Loots, namely LTS Ventures
                                       (Pty) Ltd, of which he is the
                                       sole director
                                       Trade 2:
                                       Acquisition of ordinary shares
                                       by an associate of Cobus
                                       Loots, namely LTS Ventures
                                       (Pty) Ltd, of which he is the
                                       sole director



c)   Price(s) and volume(s):           Trade 1:
                                       639,570 ordinary shares
                                       VWAP ZA 316.49 cents per
                                       share
                                       Low ZA 313.00 cents per share
                                       High ZA 320.00 cents per share


                                       Trade 2:
                                       639,475 ordinary shares
                                       VWAP ZAR 316.64 cents per
                                       share
                                       Low ZAR 314.00 cents per
                                       share
                                       High ZAR 318.00 cents per
                                       share

d)   Aggregated information:           Trade 1:
                                       ZAR 2,024,175.09 for ordinary
                                       shares
                                       Trade 2:
                                       ZAR 2,024,833.64 for ordinary
                                       shares
 e)                         Dates of the transactions:          Trade 1:
                                                                30 March 2021
                                                                Trade 2:
                                                                31 March 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:                     Trade 1:
                                                             Indirect beneficial
                                                             Trade 2:
                                                             Indirect 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 4,717,180
                                                             ordinary shares
                                                             Direct beneficial 1,571,747
                                                             ordinary shares
                                                             114,280 open CFDs



Johannesburg

1 April 2021

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 01-04-2021 11:57:00
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