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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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