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PAN AFRICAN RESOURCES PLC - Directors dealings in securities: C Loots

Release Date: 30/10/2023 16:00
Code(s): PAN PARS01 PARS02     PDF:  
Wrap Text
Director’s dealings in securities: C Loots

Pan African Resources PLC                             Pan African Resources Funding Company
(Incorporated and registered in England and Wales     Limited
under the Companies Act 1985 with registered          Incorporated in the Republic of South
number 3937466 on 25 February 2000)                   Africa with limited liability
Share code on AIM: PAF                                Registration number: 2012/021237/06
Share code on JSE: PAN                                Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African Resources" or the "Company")



DIRECTOR'S DEALINGS IN SECURITIES


                           DEALING NOTIFICATION FORM
      FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
                         CLOSELY ASSOCIATED PERSONS
The Company announces it has received notification that on 27 October 2023, LTS Ventures (Pty)
Ltd, an entity associated with Chief Executive Officer, Cobus Loots, bought 136,000 ordinary shares
of 1p each in Pan African Resources.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Loots
has an indirect beneficial interest of 5,184,504 ordinary shares, representing 0.2332% of the
Company's issued share capital and a direct beneficial interest of 1,873,982 ordinary shares,
representing 0.0843% of the Company's issued share capital and 314,280 open contracts for
differences (CFDs).

The below information and notification are made in accordance with the EU Market Abuse
Regulation and the JSE Listings Requirements.



 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:                                  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          Ordinary shares of 1p each
                            instrument, type of instrument:

                                                                  Identification code:
                                                                  GB0004300496

 b)                         Nature of the transaction:            Acquisition of ordinary shares

 c)                         Price(s) and volume(s):               136,000 ordinary shares at ZA
                                                                  360.00 cents per share



 d)                         Aggregated information:               136,000 ordinary shares
                                                                  VWAP ZA 360.00 cents per
                                                                  share

 e)                         Dates of the transactions:            27 October 2023

 f)                         Place of the transaction:             Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                      Indirect 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)     Total value of transactions                           ZAR 489,600.00

 e)     Holding following transactions:                       Indirect beneficial 5,184,504
                                                              ordinary shares
                                                              Direct beneficial 1,873,982
                                                              ordinary shares
                                                              314,280 open CFDs



Johannesburg

30 October 2023

For further information on Pan African, please visit the Company's website at

www.panafricanresources.com
Corporate information

Corporate office                                 Registered office

The Firs Building                                2nd Floor

2nd Floor, Office 204                            107 Cheapside

Corner Cradock and Biermann Avenues              London

Rosebank, Johannesburg                           EC2V 6DN

South Africa                                     United Kingdom

Office: + 27 (0) 11 243 2900                     Office: + 44 (0) 20 7796 8644

info@paf.co.za                                   info@paf.co.za

Chief executive officer                          Financial director and debt officer

Cobus Loots                                      Deon Louw

Office: + 27 (0) 11 243 2900                     Office: + 27 (0) 11 243 2900

Head: Investor relations                         Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0) 11 243 2900
E-mail: hhira@paf.co.za

Company secretary                                Nominated adviser and joint broker

Jane Kirton                                      Ross Allister/Bhavesh Patel

St James's Corporate Services Limited            Peel Hunt LLP

Office: + 44 (0) 20 7796 8644                    Office: +44 (0) 20 7418 8900

JSE sponsor                                      Joint broker

Ciska Kloppers                                   Thomas Rider/Nick Macann

Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited

Office: + 27 (0) 11 011 9200                     Office: +44 (0) 20 7236 1010

                                                 Joint broker

                                                 Matthew Armitt/Jennifer Lee

                                                 Joh. Berenberg, Gossler & Co KG (Berenberg)

                                                 Office: +44 (0) 20 3207 7800

Date: 30-10-2023 04:00:00
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