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PAN AFRICAN RESOURCES PLC - Notification of major holdings

Release Date: 17/04/2020 09:30
Code(s): PAN     PDF:  
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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

Notification of major holdings

  1a. Identity of the issuer or the underlying issuer
                                                                                       Pan African Resources Plc
  of existing shares to which voting 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
                                                           Coronation Asset Management (Pty) Ltd acting as dis
  Name                                                     cretionary investment manager on behalf of managed
  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

  6. Date on which issuer notified (DD/MM/YYYY):           17/04/2020

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
                          2.34                                                    2.34                       2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if          3.81                                                    3.81

8. Notified details of the resulting situation on the date on which the threshold was crossed or
A: Voting rights attached to shares
Class/type of             Number of voting rightsix                            % of voting rights
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              52 325 517                                                     2.34

SUBTOTAL 8. A                               52 325 517                                                2.34

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

                                           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


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
Coronation Investment
Management SA (Pty) Ltd
Coronation Asset Manage-
                                             2.34                                                             2.34
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       17 April 2020

17 April 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 17-04-2020 09:30:00
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