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

Release Date: 18/03/2020 17:45
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 of existing shares to which voting                            Pan African Resources plc
 rights are attachedii:
 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
 Name                                                    Ruffer LLP
 City and country of registered office (if applicable)   London, United Kingdom
 4. Full name of shareholder(s) (if different from 3.)v

 Name

 City and country of registered office (if applicable)

 5. Date on which the threshold was crossed
                                                         16 March 2020
 or reachedvi:
 6. Date on which issuer notified
                                                         18 March 2020
 (DD/MM/YYYY):
   7. Total positions of person(s) subject to the notification obligation
                                                             % of voting rights
                             % of voting rights                                                                         Total number of
                                                             through financial                Total of both in %
                             attached to shares                                                                         voting rights of
                                                                instruments                      (8.A + 8.B)
                                (total of 8. A)                                                                         issuervii
                                                          (total of 8.B 1 + 8.B 2)
   Resulting situation
   on the date on which
   threshold was
                           5%                            0%                                 5%                          2,234,687,537
   crossed or reached
   Position of previous
   notification (if        N/A                           N/A                                N/A
   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)

GB00BHB1XR83              112,710,483               0                                 5%                           0%
SUBTOTAL 8. A                              112,710,483                                                       5%


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         Expiration       Exercise/                             that may be acquired if
                                                                                                                   % of voting rights
instrument                datex            Conversion Periodxi                   the instrument is
                                                                                 exercised/converted.
N/A                       N/A              N/A                                   N/A                               N/A

                                           SUBTOTAL 8. B 1                       N/A                               N/A



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               cash                                           % of voting rights
instrument           datex                                                                    voting rights
                                           Period xi                settlementxii
      N/A                  N/A                     N/A                          N/A                  N/A                   N/A

                                                                    SUBTOTAL                                               N/A
                                                                    8.B.2                            N/A
 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) issuerxiii             X
 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
 (please add additional rows as necessary)
                                                                   % of voting rights
                                   % of voting rights if            through financial                Total of both if it
                                  it equals or is higher             instruments if it              equals or is higher
           Namexv
                                    than the notifiable            equals or is higher              than the notifiable
                                        threshold                  than the notifiable                  threshold
                                                                        threshold
 N/A                             N/A                              N/A                             N/A




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

 The number and % of voting rights held                           N/A

 The date until which the voting rights will be
                                                                  N/A
 held


 11. Additional informationxvi
 Ruffer LLP now controls the voting rights over 112,710,483 shares (5% of the voting rights) of Pan African Resources
 plc which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled
 by Ruffer LLP).
 This change from less than 5% to 5% is due to a purchase of 2,000,000 shares by Ruffer LLP on 16 March 2020.


 Place of completion          Ruffer LLP

 Date of completion           18/03/2020

Johannesburg
18 March 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 18-03-2020 05:45:00
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