PAN AFRICAN RESOURCES PLC - Pan African Resources PLC - Transaction in own shares

Pan African Resources PLC - Transaction in own shares

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


PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES

Pan African, the South African gold producer, announces that on 28 April 2022, in accordance with the
terms of its share buyback programme announced on 1 April 2022 (the “Programme”) it purchased
the following number of ordinary shares of £0.01 each in the Company (“Ordinary Shares”) through
Peel Hunt LLP (“Peel Hunt”) and RMB Morgan Stanley (“RMBMS”). The shares purchased will be
cancelled.

 Date of purchases                                                                     28 April 2022

 Aggregate number of Ordinary Shares purchased                                               10,993

 London Stock Exchange (“LSE”) purchases
 Number of Ordinary Shares purchased on LSE                                                       -
 Lowest price paid per share (pence per share):                                                   -
 Highest price paid per share (pence per share):                                                  -
 Volume weighted average price paid per share (pence per share):                                  -

 Johannesburg Stock Exchange (“JSE”) purchases
 Number of Ordinary Shares purchased on JSE                                                  10,993
 Lowest price paid per share (ZAr per share):                                                425.00
 Highest price paid per share (ZAr per share):                                               425.00
 Volume weighted average price paid per share (ZAr per share):                               425.00


Following the purchase, the Company will have 2,225,883,337 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,225,883,337 may be used by shareholders as the denominator for calculating
whether they are required to notify their interest in, or a change to their interest in, the Company
under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the tables below contain detailed
information of the individual trades made by Peel Hunt as part of the Programme. The same
information is also included for the trades made by RMBMS.

Individual transactions on LSE:




                                                                                                   
          Number of shares            Transaction price      Time of transaction          Execution venue
               purchased             (pence per share)
                         -                            -                         -                        -



Individual transactions on JSE:

          Number of shares     Transaction price (ZAr        Time of transaction          Execution venue
               purchased                  per share)
                10,993                     425.00                     09:01:09                     JSE


The information contained in this update is the responsibility of the Pan African board of directors and
has not been reviewed or reported on by the Group’s external auditors.

Rosebank
29 April 2022

For further information on Pan African, please visit the Company's website at
www.panafricanresources.com



Corporate information

Corporate office                                          Registered Office

The Firs Office Building                                  Suite 31

2nd Floor, Office 204                                     Second Floor

Corner Cradock and Biermann Avenues                       107 Cheapside

Rosebank, Johannesburg                                    London

South Africa                                              EC2V 6DN

Office: + 27 (0) 11 243 2900                              United Kingdom

info@paf.co.za                                            Office: + 44 (0) 20 7796 8644


Chief executive officer                                   Financial director

Cobus Loots                                               Deon Louw

Office: + 27 (0) 11 243 2900                              Office: + 27 (0) 11 243 2900


Head: Investor relations                                  Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za

Company secretary                                         Nominated Adviser and Joint Broker
                                                                                                       
Phil Dexter/Jane Kirton                                   Ross Allister/Alexander Allen

St James's Corporate Services Limited                     Peel Hunt LLP

Office: + 44 (0) 20 7796 8644                             Office: +44 (0) 20 7418 8900


JSE Sponsor                                               Joint Broker

Ciska Kloppers                                            Thomas Rider/Nick Macann

Questco Corporate Advisory Proprietary Limited            BMO Capital Markets Limited

Office: + 27 (0) 11 011 9200                              Office: +44 (0) 20 7236 1010




                                                                                 

Date: 29-04-2022 07:57:00
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