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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 08/11/2023 16:45
Code(s): PAN PARS01 PARS02     PDF:  
Wrap Text
Director’s dealings in securities

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 3 November 2023, LTS Ventures (Pty)
Ltd, an entity associated with Chief Executive Officer Cobus Loots, transferred 3,000,000 ordinary
shares of 1p each in Pan African Resources between stock holding accounts for nil consideration,
and Mr Loots in his personal capacity, transferred 81,417 ordinary shares of 1p each in Pan African
Resources between stock holding accounts for nil consideration. There was no change to the direct
or indirect beneficial ownership of Mr Loots's holding.

Following this transaction, 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:             Transfer

 c)                         Price(s) and volume(s):                Transfer 1: 3,000,000 ordinary
                                                                   shares for nil consideration
                                                                   Transfer 2: 81,417 ordinary
                                                                   shares for nil consideration

 d)                         Aggregated information:                Transfer 1: 3,000,000 ordinary
                                                                   shares for nil consideration
                                                                   Transfer 2: 81,417 ordinary
                                                                   shares for nil consideration

 e)                         Dates of the transactions:             3 November 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:                      Transfer 1: Indirect beneficial
                                                              Transfer 2: Direct beneficial

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

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

 d)     Total value of transactions                           Nil consideration

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



Johannesburg

8 November 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: 08-11-2023 04:45:00
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