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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 12/11/2020 14:21
Code(s): PAN     PDF:  
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Director’s dealings in securities

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African Resources or the Company)

DIRECTOR’S DEALINGS IN SECURITIES


                           DEALING NOTIFICATION FORM
      FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
                         CLOSELY ASSOCIATED PERSONS


The Company announces it has received notification that on 9 and 10 November 2020, Figit
(Pty) Ltd, an entity associated with Finance Director Deon Louw, bought 2,108,815 ordinary
shares of 1p each in Pan African Resources and on 9 November 2020, 76,650 ordinary shares
of 1p each in Pan African Resources for his personal account.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Louw has an indirect beneficial interest of 2,108,815 ordinary shares, representing
0.0944% of the Company's issued share capital and a direct beneficial interest of 688,112
ordinary shares, representing 0.0308% of the Company's issued share capital.

The below information and notification is made in accordance with the EU Market Abuse
Regulation.



 1.      Details of the person discharging managerial
         responsibilities/person closely associated

 a)      Name:                                           Deon Louw

 2.      Reason for the notification

 a)      Position/status:                                Finance Director

 b)      Initial notification/Amendment:                 Initial notification

 3.      Details of the issuer, emission allowance
         market participant, auction platform,
         auctioneer or auction monitor

 a)      Company name:                                   Pan African Resources PLC

 b)      LEI:                                            213800EAXURCXMX6RL85
4.   Details of the transaction(s): section to be
     repeated for (i) each type of instrument; (ii)
     each type of transaction; (iii) each date; and
     (iv) each place where transactions have been
     conducted

a)   Description of the financial instrument, type of   Ordinary shares of 1p each
     instrument:

                                                        Identification code: GB0004300496

b)   Nature of the transaction:                         Trade 1:
                                                        Acquisition of ordinary shares by
                                                        an associate of Deon Louw,
                                                        namely Figit (Pty) Ltd, of which he
                                                        is the sole director
                                                        Trade 2:
                                                        Acquisition of ordinary shares by
                                                        an associate of Deon Louw,
                                                        namely Figit (Pty) Ltd, of which he
                                                        is the sole director
                                                        Trade 3:
                                                        Acquisition for his personal account

c)   Price(s) and volume(s):                            Trade 1:
                                                        1,119,500 ordinary shares
                                                        VWAP ZA 486.68 cents per share
                                                        Low ZA 467.00 cents per share
                                                        High ZA 500.00 cents per share


                                                        Trade 2:
                                                        989,315 ordinary shares
                                                        VWAP ZA 456.83 cents per share
                                                        Low ZA 446.00 cents per share
                                                        High ZA 467.00 cents per share


                                                        Trade 3:
                                                        76,650 ordinary shares
                                                        VWAP ZA 456.83 cents per share
                                                        Low ZA 446.00 cents per share
                                                        High ZA 467.00 cents per share

d)   Aggregated information:                            Trade 1:
                                                        ZAR 5 448 382.60
                                                        Trade 2:
                                                        ZAR 4 519 487.71
                                                        Trade 3:
                                                        ZAR 350 160.20

 e)     Dates of the transaction:                       Trade 1:
                                                        9 November 2020
                                                        Trade 2:
                                                        10 November 2020
                                                        Trade 3:
                                                        10 November 2020

 f)     Place of the transaction:                       Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                Trade 1:
                                                        Indirect beneficial
                                                        Trade 2:
                                                        Indirect beneficial
                                                        Trade 3:
                                                        Direct beneficial

 b)     On-market or off-market:                        On-market

 c)     Clearance given in terms of paragraph 3.66 of the    Yes
        JSE Listings Requirements:

 d)     Holding following transactions:                 Indirect beneficial 2,108,815
                                                        ordinary shares,
                                                        Direct beneficial 688,112 ordinary
                                                        shares



Johannesburg
12 November 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 12-11-2020 02:21:00
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