To view the PDF file, sign up for a MySharenet subscription.

PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 10/06/2021 15:34
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 8 June 2021, LTS Ventures (Pty)
Ltd, an entity associated with Chief Executive Officer Cobus Loots, bought 331,324 ordinary
shares of 1p each in Pan African Resources and on 8 and 9 June 2021 Mr Cobus Loots
disposed of a total of 197,765 ordinary shares of 1p each in Pan African Resources for his
personal account.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Loots has an indirect beneficial interest of 5,048,504 ordinary shares, representing
0.2259% of the Company's issued share capital and a direct beneficial interest of 1,373,982
ordinary shares, representing 0.0615% of the Company's issued share capital and 114,280
open CFDs.

The below information and notification are 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:
                                       Disposal of ordinary shares in
                                       his personal capacity
                                       Trade 3:
                                       Disposal of ordinary shares in
                                       his personal capacity



c)   Price(s) and volume(s):           Trade 1:
                                       331,324 ordinary shares at ZA
                                       392.53 cents per share


                                       Trade 2:
                                       23,512 ordinary shares at ZAR
                                       393.00 cents per share


                                       Trade 3:
                                       174,253 ordinary shares
                                       VWAP ZA 380,97 cents per
                                       share
                                       Low ZA 380.00 cents per share
                                       High ZA 387.00 cents per share



d)   Aggregated information:           Trade 1:
                                       ZAR 1,300,546.1 for ordinary
                                       shares
                                       Trade 2:
                                                                ZAR 92,402.16 for ordinary
                                                                shares
                                                                Trade 3:
                                                                ZAR 663,859.11 for ordinary
                                                                shares

 e)                         Dates of the transactions:          Trade 1:
                                                                8 June 2021
                                                                Trade 2:
                                                                8 June 2021
                                                                Trade 3:
                                                                9 June 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:
                                                             Direct beneficial
                                                             Trade 3:
                                                             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 5,048,504
                                                             ordinary shares
                                                             Direct beneficial 1,373,982
                                                             ordinary shares
                                                             114,280 open CFDs



Johannesburg

10 June 2021
Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 10-06-2021 03:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.