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

Release Date: 15/03/2016 14:00
Code(s): PAN
 
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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 Tuesday, 15 March 2016:

“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:
Old Mutual Plc

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:
14 March 2016

6. DATE ON WHICH ISSUER NOTIFIED:
15 March 2016

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

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
----------------------------------------------------------------------------------------------------------------------------- ----------
GB0004300496                                              91,331,477                       91,331,477

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


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

---------------------------------------------------------------------------------------------------------------------------------------
                                                 92,283,958                                                  5.04%
---------------------------------------------------------------------------------------------------------------------------------------


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
---------------------------------------------------------------------------------------- -----------------------------------------------
92,283,958                                            5.04%

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

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:

Rose Coyle

15. CONTACT TELEPHONE NUMBER:

Tel: +02 07 002 7503”


Johannesburg
15 March 2016

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

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