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PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings

Release Date: 25/08/2021 15:30
Code(s): PAN     PDF:  
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TR-1: Standard form for notification of major holdings

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR code: PAFRY
(“Pan African” or the “Company”)

                    TR-1: Standard form for notification of major holdings

1. Issuer Details
 ISIN
  GB0004300496

 Issuer Name
  PAN AFRICAN RESOURCES PLC

 UK or Non-UK Issuer
  UK

2. Reason for Notification
  An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation
 Name
  Ninety One SA (Pty) Ltd

 City of registered office (if applicable)

 Country of registered office (if applicable)
  ZA

4. Details of the shareholder
  Full name of shareholder(s) if different from the person(s) subject to the notification
  obligation, above


  City of registered office (if applicable)


  Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
  24-Aug-2021

6. Date on which Issuer notified
  25-Aug-2021

7. Total positions of person(s) subject to the notification obligation

                         % of voting
                                          % of voting rights
                         rights                              Total of        Total number
                                          through financial
            .            attached to                         both in %       of voting rights
                                          instruments (total
                         shares (total                       (8.A + 8.B)     held in issuer
                                          of 8.B 1 + 8.B 2)
                         of 8.A)
  Resulting situation
  on the date on
  which threshold         4.981000         0.000000             4.981000      111309748
  was crossed or
  reached

  Position of
  previous
                          5.000001         0.000000             5.000001
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which the threshold was
crossed or reached

8A. Voting rights attached to shares

Class/Type of    Number of       Number of indirect % of direct             % of indirect
shares ISIN code direct voting   voting rights      voting rights           voting rights
(if possible)    rights (DTR5.1) (DTR5.2.1)         (DTR5.1)                (DTR5.2.1)
GB0004300496         0                   111309748           0.000000         4.981000

Sub Total 8.A        111309748                               4.981000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

                                                 Number of voting rights that
                                                                              % of
Type of financial Expiration Exercise/conversion may be acquired if the
                                                                              voting
instrument        date       period              instrument is
                                                                              rights
                                                 exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of                                                                             % of
           Expiration Exercise/conversion            Physical or cash Number of
financial                                                                           voting
           date       period                         settlement       voting rights
instrument                                                                          rights
Sub Total

8.B2

9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural
person or legal entities (please add additional rows as necessary)
                                                            % of voting rights
                                    % of voting rights                            Total of both if it
                                                            through financial
     Ultimate           Name of     if it equals or is                            equals or is
                                                            instruments if it
     controlling        controlled  higher than the                               higher than the
                                                            equals or is higher
     person             undertaking notifiable                                    notifiable
                                                            than the notifiable
                                    threshold                                     threshold
                                                            threshold
       Ninety One        Ninety One
                                       100.000000             0.000000              100.000000
       Global Limited    UK Limited

                         Ninety One
       Ninety One Plc    Global        100.000000             0.000000              100.000000
                         Limited

       Ninety One        Ninety One
       Africa (Pty)      SA (Pty)      100.000000             0.000000              100.000000
       Limited           Limited

10. In case of proxy voting
Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held


11. Additional Information


12. Date of Completion
25-Aug-2021

13. Place Of Completion
London



Rosebank

25 August 2021

For further information on Pan African Resources, please visit the Company's website at

www.panafricanresources.com
Contact information

Corporate Office                                 Registered Office

The Firs Office Building                         Suite 31

2nd Floor, Office 204                            Second Floor

Cnr. Cradock and Biermann Avenues                107 Cheapside

Rosebank, Johannesburg                           London

South Africa                                     EC2V 6DN

Office: + 27 (0)11 243 2900                      United Kingdom

info@paf.co.za                                   Office: + 44 (0)20 7796 8644

Cobus Loots                                      Deon Louw

Pan African Resources PLC                        Pan African Resources PLC

Chief Executive Officer                          Financial Director

Office: + 27 (0)11 243 2900                      Office: + 27 (0)11 243 2900

Phil Dexter/Jane Kirton                          Ross Allister/Alexander Allen

St James's Corporate Services Limited            Peel Hunt LLP

Company Secretary                                Joint Broker

Office: + 44 (0)20 7796 8644                     Office: +44 (0)20 7418 8900

Ciska Kloppers                                   Thomas Rider/Nick Macann

Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited

JSE Sponsor                                      Joint Broker

Office: + 27 (0)11 011 9200                      Office: +44 (0)20 7236 1010

Hethen Hira                                      Website: www.panafricanresources.com

Pan African Resources PLC

Head : Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za

Date: 25-08-2021 03:30:00
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