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TR-1: Standard form for notification of major holdings
Pan African Resources PLC Pan African Resources Funding
(Incorporated and registered in England Company Limited
and Wales under the Companies Act 1985 Incorporated in the Republic of
with registered number 3937466 on 25 South Africa with limited liability
February 2000) Registration number:
Share code on AIM: PAF 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African" or the "Company" or the
"Group")
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0004300496
Issuer Name
PAN AFRICAN RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Ninety One SA (Pty) Ltd
City of registered office (if applicable)
Country of registered office (if applicable)
ZA
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s)
subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
05-Dec-2023
6. Date on which Issuer notified
06-Dec-2023
7. Total positions of person(s) subject to the notification
obligation
% of voting
% of voting rights through Total of both Total number of
rights attached financial in % (8.A + voting rights
. to shares (total instruments 8.B) held in issuer
of 8.A) (total of 8.B 1 +
8.B 2)
Resulting
situation on the
date on which 5.000000 0.000000 5.000000 95825200
threshold was
crossed or
reached
Position of
previous 4.996400 0.000000 4.996400
notification (if
applicable)
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of Number of Number of indirect % of direct % of indirect voting
shares ISIN direct voting voting rights voting rights rights (DTR5.2.1)
code(if possible) rights (DTR5.1) (DTR5.2.1) (DTR5.1)
GB0004300496 95825200 5.000000
Sub Total 8.A 95825200 5.000000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that % of
Type of financial Expiration Exercise/conversion may be acquired if the voting
instrument date period instrument is rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of % of
financial Expiration Exercise/conversion Physical or cash Number of voting
instrument date period settlement voting rights rights
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add
additional rows as necessary)
% of voting rights % of voting rights
Ultimate Name of if it equals or is through financial Total of both if it
controlling controlled higher than the instruments if it equals or is higher
person undertaking than the notifiable equals or is higher than the notifiable
threshold than the notifiable threshold
threshold
Ninety
Ninety One One SA
Africa (Pty) (Pty) 5.000000 0.000000 5.000000%
Limited Limited
Ninety
One
Ninety One Africa 0.000000 0.000000 0.000000%
Limited (Pty)
Limited
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
06-Dec-2023
13. Place Of Completion
London
Rosebank
7 December 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 Office Building 2nd Floor
2nd Floor, Office 204 107 Cheapside
Cnr. Cradock and Biermann Avenues London
Rosebank, Johannesburg EC2V 6DN
South Africa United Kingdom
Office: + 27 (0)11 243 2900 Office: + 44 (0)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/David McKeown
St James's Corporate Services Limited Peel Hunt LLP
Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900
JSE Sponsor and JSE debt sponsor Joint broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary BMO Capital Markets Limited
Limited
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
Office: +44 (0)20 3207 7800
Date: 07-12-2023 12:00:00
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