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

Release Date: 01/07/2019 11:00
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
                                                           01/07/2019
reachedvi:


                                                                                                          1
6. Date on which issuer notified (DD/MM/YYYY):                     01/07/2019

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)
Resulting situation
on the date on which
                          5.86%                                                   5.86%                      2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if          6.96%                                                   6.96%
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              130 993 050                                                   5.86%




SUBTOTAL 8. A                               130 993 050                                              5.86%




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




                                                                                                                            2
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
          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-
                                            5.86%                                                            5.86%
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           01 July 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)




                                                                                                                  4
C: Additional information




     Please send the completed form together with this annex to the FCA at the following email
     address: Majorshareholdings@fca.org.uk. Please send in Microsoft Word format if possible.



Rosebank
1 July 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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