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

Release Date: 05/06/2019 12:15
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
                                                           05/06/2019
  reachedvi:

  6. Date on which issuer notified (DD/MM/YYYY):           05/06/2019
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)
                                                                                                            2 234 687 537



Resulting situation
on the date on which
                          6.96%                                                  6.96%
threshold was
crossed or reached




Position of previous
notification (if          7.09%                                                  7.09%
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              155 546 912                                                  6.96%




SUBTOTAL 8. A                              155 546 912                                              6.96%
       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))
                                                 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
          Name    xv
                                                                  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-
                                            6.96%                                                            6.96%
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



11. Additional informationxvi




   Place of completion          Cape Town, South Africa

   Date of completion           05 June 2019

   Annex: Notification of major holdings (to be filed with the FCA only)




   A: Identity of the person subject to the notification obligation

   Full name (including legal form for legal entities)                      Coronation Asset Management (Pty) Ltd


                                                              7th Floor, Montclare Place, Corner of Campground and
   Contact address (registered office for legal entities)
                                                                          Main Roads, Claremont, South Africa, 7708

   E-Mail                                                                                    skemp@coronation.com

   Phone number / Fax number                                                                         +27 21 680 2000

                                                             Coronation Asset Management (Pty) Ltd as investment
   Other useful information
                                                            manager acts on behalf of various clients holding PAN in
   (at least legal representative for legal persons)
                                                                                                       their portfolios



   B: Identity of the notifier, if applicable

   Full name                                                                                           Stephan Kemp

                                                              7th Floor, Montclare Place, Corner of Campground and
   Contact address
                                                                          Main Roads, Claremont, South Africa, 7708

   E-Mail                                                                                    skemp@coronation.com
Phone number / Fax number                                                                        +27 21 680 2000

Other useful information (e.g. functional relationship with
                                                               Compliance Officer at Coronation Asset Management
the person or legal entity subject to the notification obli-
                                                                                                         (Pty) Ltd
gation)



C: Additional information




Rosebank
5 June 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
Ciska Kloppers                                     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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