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TR-1: Standard form for notification of major holdings
Pan African Resources PLC Pan African Resources Funding
(Incorporated and registered in England and Company Limited
Wales under the Companies Act 1985 with Incorporated in the Republic of South
registered number 3937466 on 25 February Africa with limited liability
2000) Registration number: 2012/021237/06
Share code on AIM: PAF Alpha code: PARI
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(“Pan African” or the “Company” or the
“Group”)
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
31-Mar-2023
6. Date on which Issuer notified
03-Apr-2023
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total number of
rights attached through financial Total of both in voting rights held in
to shares (total instruments (total of % (8.A + 8.B) issuer
of 8.A) 8.B 1 + 8.B 2)
Resulting
situation on the 5.000000 0.000000 5.000000 95825200
date on which
threshold was
crossed or
reached
Position of
previous 4.913200 0.000000 4.913200
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 direct Number of indirect % of direct voting % of indirect voting
shares ISIN voting rights voting rights rights (DTR5.1) rights (DTR5.2.1)
code(if possible) (DTR5.1) (DTR5.2.1)
GB0004300496 0 95825200 0.000000 5.000000
Sub Total 8.A 95825200 5.000000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial Expiration Exercise/conversion Number of voting rights that may
instrument date period be acquired if the instrument is % of voting rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of financial Expiration Exercise/conversion Physical or cash Number of voting % of voting rights
instrument date period settlement 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 through financial Total of both if it
Ultimate Name of controlled if it equals or is instruments if it equals or is higher
controlling person undertaking higher than the equals or is higher than the notifiable
notifiable threshold than the notifiable threshold
threshold
Ninety One Ninety One SA
Africa (Pty) (Pty) Limited 5.000000 0.000000 5.000000%
Limited
Ninety One Ninety One
Limited Africa (Pty) 0.000000 0.000000 0.000000%
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
03-Apr-2023
13. Place Of Completion
London
Rosebank
3 April 2023
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs Office Building 2nd Floor
2nd Floor, Office 204 107 Cheapside
Cnr. Cradock and Biermann Avenues London
Rosebank, Johannesburg EC2V 6DN
South Africa United Kingdom
Office: + 27 (0)11 243 2900 Office: + 44 (0)20 7796 8644
info@paf.co.za info@paf.co.za
Chief executive officer Financial director
Deon Louw
Cobus Loots
Office: + 27 (0)11 243 2900
Office: + 27 (0)11 243 2900
Head: Investor relations Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Company secretary Nominated adviser and joint broker
Ross Allister/David McKeown
Jane Kirton
Peel Hunt LLP
St James's Corporate Services Limited Office: +44 (0)20 7418 8900
Office: + 44 (0)20 7796 8644
JSE Sponsor and JSE debt sponsor Joint broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary BMO Capital Markets Limited
Limited
Office: +44 (0)20 7236 1010
Office: + 27 (0)11 011 9200
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
Office: +44 (0)20 3207 7800
Date: 03-04-2023 05:40:00
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