To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 11/04/2017 11:45
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 Monday, 10 April 2017:

“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 SOC 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 April 2017

6. DATE ON WHICH ISSUER NOTIFIED:
10 April 2017

7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
6%

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                                                        93 510 432

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

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

---------------------------------------------------------------------------------------------------------------------------------------
116 638 275                                                                                 6.002%

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


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
---------------------------------------------------------------------------------------------------------------------------------------
N/A                              N/A                  N/A                   N/A                   N/A                  N/A
---------------------------------------------------------------------------------------------------------------------------------------


TOTAL (A+B+C)

---------------------------------------------------------------------------------------------------------------------------------------
Number of voting rights                               Percentage of voting rights
---------------------------------------------------------------------------------------------------------------------------------------
116 638 275                                           6.002%

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

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

---------------------------------------------------------------------------------------------------------------------------------------
Controlled undertaking                                Percentage holding
---------------------------------------------------------------------------------------------------------------------------------------
N/A                                                   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 12 742 3578”


Johannesburg
11 April 2017

JSE Sponsor
One Capital


Contact information

Corporate Office                                                    Registered Office
The Firs Office Building                                            Suite 31, Second Floor
1st Floor, Office 101                                               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) 207 796 8644
Facsimile: + 27 (0) 11 880 1240                                     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                                                      Jeffrey Couch/Neil Haycock/Thomas Rider
Aprio Strategic Communications                                      BMO Capital Markets Limited
Public & Investor Relations SA                                      Joint Broker
Office: +27 (0)11 880 0037                                          Office: +44 (0) 207 236 1010

Bobby Morse/Chris Judd
Buchanan Communications
Public & Investor Relations UK
Office: +44 (0) 207 466 5000


www.panafricanresources.com

Date: 11/04/2017 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story