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PAN AFRICAN RESOURCES PLC - Prescribed officers dealings in securities - N Symington

Release Date: 10/11/2023 14:15
Code(s): PAN PARS01 PARS02     PDF:  
Wrap Text
Prescribed officer’s dealings in securities - N Symington

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")


PRESCRIBED OFFICER'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 Executive: Shared Services, Niel
Symington, bought 10,000 ordinary shares of 1p each in Pan African Resources on 9 November
2023, and 20,000 ordinary shares of 1p each in Pan African Resources on 10 November 2023.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr
Symington has a direct beneficial interest of 30,000 ordinary shares, representing 0.0013% of the
Company's issued share capital.

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:                                              Niel Symington

 2.      Reason for the notification

 a)      Position/status:                                   Executive: Shared Services

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

                                                             Identification code: GB0004300496

 b)      Nature of the transaction:                          Acquisition of ordinary shares

 c)      Price(s) and volume(s):                             Trade 1:
                                                             Price(s)            Volume(s)
                                                             (ZA cents per
                                                             share)

                                                             366.00              5,000

                                                             367.00              5,000



                                                             Trade 2:
                                                             Price(s)            Volume(s)
                                                             (ZA cents per
                                                             share)

                                                             366.00              10,000

                                                             367.00              10,000


 d)     Aggregated information:                             Trade 1: 10,000 ordinary shares
                                                            VWAP ZA 366.50 cents per share
                                                            Trade 2: 20,000 ordinary shares
                                                            VWAP ZA 366.50 cents per share

 e)     Dates of the transaction:                           Trade 1: 9 November 2023
                                                            Trade 2: 10 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:                     Direct 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 transaction                           Trade 1: ZAR 36,650
                                                             Trade 2: ZAR 73,300

e)      Holding following transactions:                      Direct beneficial 30,000 ordinary
                                                             shares



   Johannesburg

   10 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: 10-11-2023 02:15:00
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