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PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings

Release Date: 07/05/2019 14:30
Code(s): PAN     PDF:  
 
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TR-1: Standard form for notification of major holdings

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
(“the Company”)


TR-1: Standard form for notification of major holdings

  NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
  Word format if possible)i

  1a. Identity of the issuer or the underlying issuer
                                                                                       Pan African Resources Plc
  of existing shares to which voting rights are at-
  tachedii:
  1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
  Non-UK issuer

  2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

  An acquisition or disposal of voting rights                                                                 X

  An acquisition or disposal of financial instruments

  An event changing the breakdown of voting rights

  Other (please specify)iii:

  3. Details of person subject to the notification obligationiv
                                                           Coronation Asset Management (Pty) Ltd acting as dis-
  Name                                                     cretionary investment manager on behalf of managed
                                                           portfolios.
  City and country of registered office (if applicable)    Cape Town, South Africa

  4. Full name of shareholder(s) (if different from 3.)v

  Name                                                     N/A

  City and country of registered office (if applicable)

  5. Date on which the threshold was crossed or
                                                           07/05/2019
  reachedvi:

  6. Date on which issuer notified (DD/MM/YYYY):           07/05/2019



                                                                                                          1
7. Total positions of person(s) subject to the notification obligation
                                                        % of voting rights
                          % of voting rights at-                                                             Total number of
                                                    through financial instru-       Total of both in %
                          tached to shares (to-                                                              voting rights of is-
                                                               ments                   (8.A + 8.B)
                               tal of 8. A)                                                                  suervii
                                                     (total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
                          7.09%                                                   7.09%                      2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if          6.99%                                                   6.99%
applicable)


8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of             Number of voting rightsix                            % of voting rights
shares
ISIN code (if possible)           Direct                  Indirect                      Direct                    Indirect
                              (Art 9 of Directive     (Art 10 of Directive          (Art 9 of Directive       (Art 10 of Directive
                           2004/109/EC) (DTR5.1)        2004/109/EC)             2004/109/EC) (DTR5.1)          2004/109/EC)
                                                          (DTR5.2.1)                                              (DTR5.2.1)

GB0004300496              158 614 379                                                   7.09%




SUBTOTAL 8. A                               158 614 379                                              7.09%




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
                                                                             Number of voting rights
Type of financial in-     Expiration       Exercise/                         that may be acquired if
                                                                                                          % of voting rights
strument                  datex            Conversion Periodxi               the instrument is
                                                                             exercised/converted.




                                           SUBTOTAL 8. B 1



B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))



                                                                                                                            2
                                          Exercise/             Physical or
Type of financial     Expiration                                                     Number of
                                          Conversion Pe-        cash                                     % of voting rights
instrument            datex                                                          voting rights
                                          riod xi               settlementxii




                                                                SUBTOTAL
                                                                8.B.2




9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

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 entity xiv       X
(please add additional rows as necessary)
                                                                    % of voting rights
                                 % of voting rights if it                                            Total of both if it
                                                                  through financial in-
                                  equals or is higher                                               equals or is higher
          Namexv                                                  struments if it equals
                                  than the notifiable                                               than the notifiable
                                                                  or is higher than the
                                       threshold                                                        threshold
                                                                   notifiable threshold
Coronation Fund Managers
Ltd
Coronation Investment
Management SA (Pty) Ltd
Coronation Asset Manage-
                                            7.09%                                                            7.09%
ment (Pty) Ltd




10. In case of proxy voting, please identify:
Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held




                                                                                                                       3
11. Additional informationxvi




Place of completion     Cape Town, South Africa

Date of completion      7th May 2019




Rosebank
7 May 2019





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
Facsimile: + 27 (0) 11 880 1240                    Office: + 44 (0) 207 796 8644
                                                   Facsimile: + 44 (0) 207 796 8645
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                                        John Prior/Paul Gillam
St James's Corporate Services Limited              Numis Securities Limited
Company Secretary                                  Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644                      Office: +44 (0) 20 7260 1000
Mandy Ramsden                                      Ross Allister/James Bavister/David McKeown
Questco Corporate Advisory (Proprietary) Limited   Peel Hunt LLP
JSE Sponsor                                        Joint Broker
Office: + 27 (0) 11 011 9200                       Office: +44 (0) 207 418 8900
Julian Gwillim                                     Jeffrey Couch/Neil Haycock/Thomas Rider
Aprio Strategic Communications                     BMO Capital Markets Limited
Public & Investor Relations SA                     Joint Broker
Office: +27 (0)11 880 0037                         Office: +44 (0) 207 236 1010
Bobby Morse and Chris Judd                         Website: www.panafricanresources.com
Buchanan
Public & Investor Relations UK
Office: +44 (0)20 7466 5000
paf@buchanan.uk.com




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