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TR-1: Notification of major interest in shares
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
For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are PAN AFRICAN RESOURCE
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying
financial instruments
An event changing the breakdown of voting rights
Other (please
specify):
3. Full name of person(s) subject to the
PUBLIC INVESTMENT CORPORATION LIMITED
notification obligation: iii
4. Full name of shareholder(s)
N/A
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 12 May 2014
reached: v
6. Date on which issuer notified: 19 May 2014
7. Threshold(s) that is/are crossed or
7% - 8%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
x
if possible using Number Number Number Number of voting % of voting rights
the ISIN CODE of of of shares rights
Shares Voting Direct Indirect
Direct xi xii Direct Indirect
Rights
PAN 145443715 148762413 8.133%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
NONE N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights
instrument price date xvii conversion instrument refers to
period xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
148762413 8.133%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease
N/A
to hold:
12. Date on which proxy holder will cease to hold
N/A
voting rights:
13. Additional information: N/A
14. Contact name: DEVILLIERS MAKONKO
15. Contact telephone number: 012 742 3578
21 May 2014
Sponsor:
One Capital
Date: 21/05/2014 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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