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PAN AFRICAN RESOURCES PLC - Notification of major holdings statement

Release Date: 10/03/2020 11:10
Code(s): PAN     PDF:  
 
Wrap Text
Notification of major holdings statement

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
                                                           10/03/2020
  reachedvi:

  6. Date on which issuer notified (DD/MM/YYYY):           10/03/2020



                                                                                                          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
                          4.79%                                                     4.79%                      2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if          5.86%                                                     5.86%
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              107 147 335                                                     4.79%




SUBTOTAL 8. A                               107 147 335                                                4.79%




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                   NIL                            NIL




                                                                                                                              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 entityxiv       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-
                                           4.79%                                                            4.79%
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           10 March 2020

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                                                                                      cgovender@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                                                                                               Cheryl Govender

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

E-Mail                                                                                      cgovender@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




Rosebank
10 March 2020
Sponsor: Questco Corporate Advisory Proprietary Limited




                                                          5

Date: 10-03-2020 11:10:00
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