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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 01/04/2021 12:06
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, Figit (Pty)
Ltd, an entity associated with Finance Director Deon Louw, bought 814,800 ordinary shares
of 1p each in Pan African Resources.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Louw has an indirect beneficial interest of 2,923,615 ordinary shares, representing
0.1308% of the Company's issued share capital and a direct beneficial interest of 688,112
ordinary shares, representing 0.0308% of the Company's issued share capital.

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:                                           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:                          Trade 1:
                                                            Acquisition of ordinary shares by
                                                            an associate of Deon Louw,
                                                            namely Figit (Pty) Ltd, of which he
                                                            is the sole director
                                                            Trade 2:
                                                            Acquisition of ordinary shares by
                                                            an associate of Deon Louw,
                                                            namely Figit (Pty) Ltd, of which he
                                                            is the sole director

 c)     Price(s) and volume(s):                             Trade 1:
                                                            407,430 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:
                                                            407,370 ordinary shares
                                                            VWAP ZA 316.64 cents per share
                                                            Low ZA 314.00 cents per share
                                                            High ZA 318.00 cents per share

 d)     Aggregated information:                             Trade 1:
                                                            ZAR 1,289,475.21
                                                            Trade 2:
                                                            ZAR 1,289,896.37

 e)     Dates of the transaction:                           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 2,923,615
                                                            ordinary shares,
                                                            Direct beneficial 688,112 ordinary
                                                            shares



Johannesburg

1 April 2021

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 01-04-2021 12:06:00
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