PAN AFRICAN RESOURCES PLC - TR-1 Notification of major interest in shares

Release Date: 08/10/2014 16:38
Code(s): PAN
 
Wrap Text
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

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