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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
("Pan African" or “the Company”)
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
Pan African received the following notification on Wednesday, 8 October 2014:
1. IDENTITY OF THE ISSUER OR THE UNDERLYING ISSUER OF EXISTING SHARES TO WHICH
VOTING RIGHTS ARE ATTACHED:
Pan African Resources Plc
2 REASON FOR THE NOTIFICATION:
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): No
3. FULL NAME OF PERSON(S) SUBJECT TO THE NOTIFICATION OBLIGATION:
Public Investment Corporation Limited
4. FULL NAME OF SHAREHOLDER(S) (IF DIFFERENT FROM 3.):
N/A
5. DATE OF THE TRANSACTION AND DATE ON WHICH THE THRESHOLD IS CROSSED OR
REACHED:
7 October 2014
6. DATE ON WHICH ISSUER NOTIFIED:
8 October 2014
7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
8%
8. NOTIFIED DETAILS:
A: VOTING RIGHTS ATTACHED TO SHARES
----------------------------------------------------------------------------------------------------------------------------- -
Class/type of shares Situation previous to the triggering
if possible using the ISIN CODE transaction
Number of Shares Number of Voting Rights
----------------------------------------------------------------------------------------------------------------------------- -
PAN 148,762,413 N/A
----------------------------------------------------------------------------------------------------------------------------- ----------
Resulting situation after the triggering transaction:
---------------------------------------------------------------------------------------------------------------------------------------
Number of Number of voting Number of voting % of voting
Shares - rights - rights - rights
Direct Direct Indirect Direct Indirect
----------------------------------------------------------------------------------------------------------------------------- ----------
144,696,442 N/A N/A 7.907% N/A
B: QUALIFYING FINANCIAL INSTRUMENTS
----------------------------------------------------------------------------------------------------------------------------- ----------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------------- ----------
Type of financial Expiration Exercise/Conversion Number of voting % of
instrument date Period rights that may be voting
acquired if the rights
instrument is
exercised/converted
----------------------------------------------------------------------------------------------------------------------------- ----------
None N/A N/A N/A N/A
----------------------------------------------------------------------------------------------------------------------------- ----------
C: FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING
FINANCIAL INSTRUMENTS
------------------------------------------------------------------------------------------------------------------------------------ ---
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number % of
instrument price Date Conversion of voting voting
Period rights rights
instrument
refers to
----------------------------------------------------------------------------------------------------------------------------- ----------
None N/A N/A N/A N/A N/A
---------------------------------------------------------------------------------------------------------------------------------------
TOTAL (A+B+C)
----------------------------------------------------------------------------------------------------------------------------- ----------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------------------------------------------------------------------- ----------
144,696,442 7.907%
---------------------------------------------------------------------------------------------------------------------------------------
9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS
AND/OR THE FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE:
N/A
10. NAME OF THE PROXY HOLDER:
N/A
11. NUMBER OF VOTING RIGHTS PROXY HOLDER WILL CEASE TO HOLD:
N/A
12. DATE ON WHICH PROXY HOLDER WILL CEASE TO HOLD VOTING RIGHTS:
N/A
13. ADDITIONAL INFORMATION:
N/A
14. CONTACT NAME:
Devilliers Makonko
15. CONTACT TELEPHONE NUMBER:
Tel: +27 21 742 3578
8 October 2014
JSE Sponsor
One Capital
PAN AFRICAN ENQUIRIES
South Africa UK
Pan African Resources Canaccord Genuity Limited
Mr Ron Holding Nomad and Joint Broker
Chief Executive Officer Neil Elliott/ Peter Stewart / Joe Weaving
+27 (0) 11 243 2900 +44 (0) 20 7523 8350
Vestor Investor Relations finnCap Limited
Louise Brugman Joint Broker
+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving
+27 83 504 1186 +44 (0) 20 7220 0500
One Capital St James’s Corporate Services Limited
Sholto Simpson Phil Dexter
+27 (0) 11 550 5000 +44 (0) 20 7796 8647
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at www.panafricanresources.com
Date: 08/10/2014 04:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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