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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 Friday, 29 September 2017:
“1(a). IDENTITY OF THE ISSUER OR THE UNDERLYING ISSUER OF EXISTING SHARES TO
WHICH VOTING RIGHTS ARE ATTACHED:
Pan African Resources Plc
1(b). Please indicate if the issuer is a non-UK issuer:
Non-UK issuer
2. REASON FOR THE NOTIFICATION:
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of 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 ON WHICH THE THRESHOLD IS CROSSED OR REACHED:
28 September 2017
6. DATE ON WHICH ISSUER NOTIFIED:
29 September 2017
7. TOTAL POSITIONS OF PERSON(S) SUBJECT TO THE NOTIFICATION OBLIGATION:
-------------------------------------------------------------------------------------------------------- -------------------------------
% of voting rights % of voting rights through
attached to shares through financial instruments
(total of 8.A) (total 8.B 1 + 8.B 2)
---------------------------------------------------------------------------------------------------------------------------------------
Resulting situation on the
Date on which threshold was
Crossed or reached 6.065%
---------------------------------------------------------------------------------------------------------------------------------------
Position of previous
Notification (if applicable) 5.90%
---------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------- ----------
Total of both in % Total number of voting rights
(8.A + 8.B) of issuer
---------------------------------------------------------------------------------------------------------------------------------------
Resulting situation on the
Date on which threshold was 6.065% 135 540 628
Crossed or reached
-------------------------------------------------------------------------------------------------------------------------------- -------
Position of previous
Notification (if applicable) 5.90%
---------------------------------------------------------------------------------------------------------------------------------------
8. NOTIFIED DETAILS OF THE RESULTING SITUATION ON THE DATE ON WHICH THE
THRESHOLD WAS CROSSED OR REACHED:
A: VOTING RIGHTS ATTACHED TO SHARES
---------------------------------------------------------------------------------------------------------- -----------------------------
Class/type Number of voting Number of voting % of voting % of voting
of shares rights - rights - rights rights
Direct Indirect Direct Indirect
----------------------------------------------------------------------------------------------------------------------------- ----------
PAN 135 540 628 6.065%
----------------------------------------------------------------------------------------------------------------------------- ----------
B 1: FINANCIAL INSTRUMENTS
------------------------------------------------------------------------------------------- --------------------------------------------
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
-------------------------------------------------------------------------------------------- -------------------------------------------
B 2: FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT
----------------------------------------------------------------------------------------------------------------------------- ----------
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
----------------------------------------------------------------------------------------------------------------------------- ----------
9. INFORMATION IN RELATION TO THE PERSON SUBJECT TO THE NOTIFICATION
OBLIGATION:
----------------------------------------------------------------------------------------------------------------------------- ----------
Name % of voting rights % of voting rights Total of both if it
If it equals or is higher through financial equals or is higher
than the notifiable instruments if it than the notifiable
threshold equals or is higher threshold
than the notifiable
threshold
---------------------------------------------------------------------------------------------------------------------------------------
Public Investment 6.065% N/A 6.065%
Corporation SOC
Limited
------------------------------------------------------------------------------------------------- --------------------------------------
10. NAME OF THE PROXY HOLDER: N/A
THE NUMBER AND % OF VOTING RIGHTS HELD: N/A
THE DATE UNTIL WHICH THE VOTING RIGHTS WILL BE HELD: N/A
11. ADDITIONAL INFORMATION:
Name: Devilliers Makonko
Email: Devilliers.makonko@pic.gov.za
Tel: +27 12 742 3578”
Johannesburg
2 October 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
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