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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 05/10/2016 17:30
Code(s): PAN     PDF:  
Wrap Text
Directors’ dealings in securities

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”)

DIRECTORS’ DEALINGS IN SECURITIES


DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS



1.        Details of the person discharging managerial
          responsibilities/person closely associated

a)        Name:                                                 Cobus Loots



2.        Reason for the notification

a)        Position/status:                                      Chief Executive Officer

b)        Initial notification/Amendment:                       Initial notification

3.        Details of the issuer, emission allowance market
          participant, auction platform, auctioneer or
          auction monitor

a)        Company name:                                         Pan African Resources PLC

b)        LEI:                                                  Not applicable

4.        Details of the transaction(s): section to be
          repeated for (i) each type of instrument; (ii) each
          type of transaction; (iii) each date; and (iv) each
          place where transactions have been conducted

a)        Description of the financial instrument, type of      Ordinary shares of 1p each
          instrument:

                                                                Identification code: GB0004300496

b)        Nature of the transaction:                            Acquisition of ordinary shares

c)        Price(s) and volume(s):
          5 October 2016
                                                                 Price(s)              Volume(s)

                                                                 ZAR3.55               30,000




d)        Aggregated information:

                                                                 Total                 Volume(s)

                                                                 ZAR106,500            30,000
 e)     Date of the transaction:                               5 October 2016

 f)     Place of the transaction:                              Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)      Nature of interest of executive:                       Beneficial

 b)      On-market or off-market:                               On-market

 c)      Clearance given in terms of paragraph 3.66 of the      Yes
         JSE Listings Requirements:

 d)      Holding following transactions:                        560,675



Correction of announcement dated 28 September 2016 and confirmation of historical share purchases
by the executive directors in line with Market Abuse Regulations requirements of AIM listed companies
and submission to the Financial Conduct Authority:

 1.     Details of the person discharging managerial
        responsibilities/person closely associated

 a)     Name:                                                  Cobus Loots



 2.     Reason for the notification

 a)     Position/status:                                       Chief Executive Officer

 b)     Initial notification/Amendment:                        Amendment

 3.     Details of the issuer, emission allowance market
        participant, auction platform, auctioneer or
        auction monitor

 a)     Company name:                                          Pan African Resources PLC

 b)     LEI:                                                   Not applicable

 4.     Details of the transaction(s): section to be
        repeated for (i) each type of instrument; (ii) each
        type of transaction; (iii) each date; and (iv) each
        place where transactions have been conducted

 a)     Description of the financial instrument, type of       Ordinary shares of 1p each
        instrument:

                                                               Identification code: GB0004300496

 b)     Nature of the transaction:                             Acquisition of ordinary shares

 c)     Price(s) and volume(s):
        27 September 2016
                                                                Price(s)          Volume(s)

                                                                ZAR3.57           20,000
                                                                Price(s)           Volume(s)

                                                                ZAR3.58            200,000


        28 September 2016
                                                                Price(s)           Volume(s)

                                                                ZAR3.48            28,609




 d)     Aggregated information:

                                                                Total                Volume(s)

                                                                ZAR886,959.32        248,609




 e)     Date of the transaction:                              27-28 September 2016

 f)     Place of the transaction:                             Johannesburg Stock Exchange


Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                       Beneficial

 b)     On-market or off-market:                               On-market

 c)     Clearance given in terms of paragraph 3.66 of the      Yes
        JSE Listings Requirements:
 d)     Holding following transactions on 28 September         480,184
        2016:




 1.     Details of the person discharging managerial
        responsibilities/person closely associated

 a)     Name:                                                 Deon Louw



 2.     Reason for the notification

 a)     Position/status:                                      Financial Director

 b)     Initial notification/Amendment:                       Clarification

 3.     Details of the issuer, emission allowance market
        participant, auction platform, auctioneer or
        auction monitor

 a)     Company name:                                         Pan African Resources PLC

 b)     LEI:                                                  Not applicable
 4.     Details of the transaction(s): section to be
        repeated for (i) each type of instrument; (ii) each
        type of transaction; (iii) each date; and (iv) each
        place where transactions have been conducted

 a)     Description of the financial instrument, type of      Ordinary shares of 1p each
        instrument:

                                                              Identification code: GB0004300496

 b)     Nature of the transaction:                            Acquisition of ordinary shares

 c)     Price(s) and volume(s):
        27 September 2016
                                                                Price(s)         Volume(s)

                                                                ZAR3.57          4,300

                                                                ZAR3.58          3,150

                                                                ZAR3.62          35,000

                                                                ZAR3.64          40,000

                                                                ZAR3.66          12,836

                                                                ZAR3.67          42,164

 d)     Aggregated information:

                                                                Total                Volume(s)

                                                                ZAR500,649.64        137,450




 e)     Date of the transaction:                              27 September 2016

 f)     Place of the transaction:                             Johannesburg Stock Exchange


Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                       Beneficial

 b)     On-market or off-market:                               On-market

 c)     Clearance given in terms of paragraph 3.66 of the      Yes
        JSE Listings Requirements:
 d)     Holding following transactions on 28 September         137,450
        2016:




Johannesburg
5 October 2016


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
St James's Corporate Services Limited     Numis Securities Limited
Company Secretary                         Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644             Office: +44 (0) 20 7260 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) 207 418 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

Jeffrey Couch/Neil Haycock/Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010

www.panafricanresources.com

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