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

Release Date: 08/12/2015 09:00
Code(s): PAN     PDF:  
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 Friday, 27 November 2015:

“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: No
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): Yes - Voting rights held by a controlled undertaking

3. FULL NAME OF PERSON(S) SUBJECT TO THE NOTIFICATION OBLIGATION:
FIL Limited

4. FULL NAME OF SHAREHOLDER(S) (IF DIFFERENT FROM 3.):
See Section 9

5. DATE OF THE TRANSACTION AND DATE ON WHICH THE THRESHOLD IS CROSSED OR
REACHED:
26 November 2015

6. DATE ON WHICH ISSUER NOTIFIED:
27 November 2015

7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
5%

8. NOTIFIED DETAILS:

A: VOTING RIGHTS ATTACHED TO SHARES

------------------------------------------------------------------------------------------------------- --------------------------------
                                  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

---------------------------------------------------------------------------------------------------------------------------- -----------

                                                  119 558 403                                               6.52%
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
---------------------------------------------------------------------------------------------------------------------------------------
N/A                              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
----------------------------------------------------------------------------------------------------------------------------- ----------
N/A                              N/A                  N/A                   N/A                   N/A                  N/A
----------------------------------------------------------------------------------------------------------------------------- ----------


TOTAL (A+B+C)

---------------------------------------------------------------------------------------------------------------------------------------
Number of voting rights                               Percentage of voting rights
----------------------------------------------------------------------------------------------------------------------------- ----------
119 558 403                                           6.52%

----------------------------------------------------------------------------------------------------------------------------- ----------


9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS
AND/OR THE FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE:

 Controlled Undertaking                                                              Percentage Holding
 FII-FIL INVESTMENTS INTERNATIONAL                                                                 1.04
 FILUK-FIL INVESTMENT SERVICES (UK) LIMITED                                                        5.48
 Grand Total                                                                                       6.52


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:

Sally-Ann Hatton

15. CONTACT TELEPHONE NUMBER:

fil-regreporting@fil.com, 01737 837148”


Johannesburg
8 December 2015

JSE Sponsor
One Capital


CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240

Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom

Office: + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645

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                               John Prior / Paul Gillam / James Black
St James's Corporate Services Limited     Numis Securities Limited
Company Secretary                         Nominated Adviser & Joint Broker
Office: + 44 (0)207 796 8644              Office: +44 (0)207 260 1000

Sholto Simpson                            Matthew Armitt / Ross Allister
One Capital                               Peel Hunt LLP
JSE Sponsor                               Joint Broker
Office: + 27 (0)11 550 5009               Office: +44 (0)020 7418 8900

Julian Gwillim                            Daniel Thöle
Aprio Strategic Communications            Bell Pottinger PR
Public & Investor Relations SA            Public & Investor Relations UK
Office: +27 (0)11 880 0037                Office: + 44 (0)203 772 2500

www.panafricanresources.com

Date: 08/12/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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