Wrap Text
PDMR Dealings
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on
25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(“Pan African” or "the Company")
PDMR DEALINGS
Shareholders are referred to the announcement of 17 September 2020 and 30 June 2021, where some of the group's
long-term incentive schemes were restructured with the intent of simplifying and consolidating these schemes and
improving their retention capability.
Pan African announces that, following the restructuring of the Group’s long-term incentive schemes as announced on
30 June 2021, the Company has received notifications from the Directors and Persons Discharging Managerial
Responsibilities (PDMR) set out in the tables below.
As part of the restructuring, certain executive directors including the Chief Executive Officer, Cobus Loots, the Financial
Director, Deon Louw, and Albertus Abraham van den Berg, the Chief Operating Officer of the group (details of which
are set out in the tables below) (“Affected Participants”) have agreed to relinquish the share options issued to them
on 1 July 2019 (“PARSMSS 1st issue”) and 1 July 2020 (“PARSMSS 2nd issue”) under the Pan African Senior Management
Share Scheme (“PARSMSS”).
In lieu of the relinquishment set out above, restricted class C ordinary shares (“Class C-Shares”) and class D ordinary
shares (“Class D-Shares”) of no par value in the share capital of PAR Gold Proprietary Limited (“PAR Gold”), will be
issued to the Affected Participants in terms of a newly established Pan African C Executive Incentive Scheme (“C-Share
Scheme”) and Pan African D Executive Incentive Scheme (“D-Share Scheme”).
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. Name Pan African Resources PLC
b. LEI 213800EAXURCXMX6RL85
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 Options over ordinary shares of 1p each
instrument Identification code
Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s) Price(s) Volume(s)
n/a 4,667,768
(PARSMSS 1st issue)
2,998,480
(PARSMSS 2nd issue)
d. Aggregated information
• Aggregated volume Total options relinquished 7,666,248
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
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 Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name Pan African Resources PLC
b. LEI 213800EAXURCXMX6RL85
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 Options over ordinary shares of 1p each
instrument Identification code
Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s) Price(s) Volume(s)
n/a 3,826,998
(PARSMSS 1st issue)
2,458,387
(PARSMSS 2nd issue)
d. Aggregated information
• Aggregated volume Total options relinquished 6,285,385
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name Pan African Resources PLC
b. LEI 213800EAXURCXMX6RL85
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 Options over ordinary shares of 1p each
instrument Identification code
Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s) Price(s) Volume(s)
n/a 1,244,444
(PARSMSS 1st issue)
799,406
(PARSMSS 2nd issue)
d. Aggregated information
• Aggregated volume Total options relinquished 2,043,850
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
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. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class C ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 4,434,380
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
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. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class D ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 2,848,556
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
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 Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class C ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 3,635,648
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
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 Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class D ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 2,335,468
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class C ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 1,182,222
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Restricted class D ordinary shares of no par value
instrument Identification code
b. Nature of the transaction Award of shares
c. Price(s) and volume(s) Price(s) Volume(s)
R0.0001 759,436
d. Aggregated information
• Aggregated volume See above
• Price
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Rosebank
30 June 2021
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0)11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0)20 7796 8644
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/Jane Kirton Ross Allister/David McKeown
St James's Corporate Services Limited Peel Hunt LLP
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900
Ciska Kloppers Thomas Rider/ Nick Macann
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
JSE Sponsor Joint Broker
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Hethen Hira Sholto Simpson
Pan African Resources PLC Vestra Advisory Proprietary Limited
Head : Investor Relations Corporate Advisor
Tel: + 27 (0)11 243 2900 Office: +27 (82) 449 1355
E-mail: hhira@paf.co.za
Website: www.panafricanresources.com
Date: 30-06-2021 11:57:00
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