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

Release Date: 09/05/2022 08:00
Code(s): PAN     PDF:  
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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 6 May 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                                                                       6 May 2022

 Aggregate number of Ordinary Shares purchased                                            2,675,817

 London Stock Exchange (“LSE”) purchases
 Number of Ordinary Shares purchased on LSE                                               1,603,508
 Lowest price paid per share (pence per share):                                              22.095
 Highest price paid per share (pence per share):                                              22.24
 Volume weighted average price paid per share (pence per share):                           22.12817

 Johannesburg Stock Exchange (“JSE”) purchases
 Number of Ordinary Shares purchased on JSE                                               1,072,309
 Lowest price paid per share (ZAr per share):                                                435.00
 Highest price paid per share (ZAr per share):                                               424.00
 Volume weighted average price paid per share (ZAr per share):                               431.16


Following the purchase, the Company will have 2,223,207,520 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,223,207,520 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)
              250,000                         22.12             14:05:13               LSE
              323,717                         22.24             14:37:42               LSE
            1,029,791                       22.095              14:52:27               LSE


Individual transactions on JSE:

      Number of shares      Transaction price (ZAr    Time of transaction   Execution venue
             purchased         
          per share)
                29,463                     433.00               09:07:11                JSE
                 3,327                     432.00               09:19:40                JSE
                 6,800                     432.00               09:19:40                JSE
                 5,010                     431.00               09:23:59                JSE
                18,697                     429.00               09:23:59                JSE
                 1,398                     429.00               09:23:59                JSE
                10,314                     428.00               09:28:01                JSE
                   101                     428.00               09:28:01                JSE
                 7,500                     425.00               09:45:10                JSE
                 2,550                     425.00               09:45:10                JSE
                 6,430                     425.00               09:50:02                JSE
                 1,904                     425.00               09:50:02                JSE
                 6,445                     430.00               10:00:24                JSE
                13,849                     430.00               10:00:24                JSE
                 1,266                     430.00               10:03:47                JSE
                10,000                     430.00               10:03:47                JSE
                 5,000                     426.00               10:04:17                JSE
                 4,781                     426.00               10:04:18                JSE
                 8,934                     430.00               10:13:19                JSE
                 2,887                     430.00               10:13:19                JSE
                11,497                     428.00               10:18:52                JSE
                11,737                     428.00               10:24:06                JSE
                 8,600                     430.00               10:29:25                JSE
                 3,301                     430.00               10:29:25                JSE
                 2,442                     430.00               10:35:19                JSE
                 3,530                     430.00               10:35:19                JSE
                 5,500                     430.00               10:35:19                JSE
                10,075                     427.00               10:46:13                JSE
                11,449                     427.00               10:46:22                JSE
                 9,209                     424.00               10:51:33                JSE
                 5,796                     424.00               10:56:08                JSE
                 5,739                     424.00               10:56:08                JSE
                 5,004                     424.00               11:02:02                JSE
                 6,007                     424.00               11:02:02                JSE
                12,776                     427.00               11:31:36                JSE
                10,300                     427.00               11:31:36                JSE
                 2,297                     426.00               11:31:36                JSE
                 5,285                     428.00               11:33:20                JSE
                25,630                     428.00               11:33:20                JSE                                                                               
                12,247                     430.00               11:52:59                JSE
                21,911                     430.00               11:52:59                JSE
                    89                     430.00               11:55:40                JSE
                 9,835                     430.00               11:57:40                JSE
                10,480                     428.00               12:00:21                JSE
                 8,867                     431.00               12:35:05                JSE
                 1,847                     431.00               12:35:05                JSE
                42,304                     431.00               12:35:05                JSE
                10,108                     431.00               12:36:14                JSE
                11,246                     431.00               12:41:51                JSE
                10,515                     431.00               12:48:04                JSE
                11,812                     431.00               12:53:44                JSE
                11,822                     431.00               13:00:24                JSE
                   101                     431.00               13:00:24                JSE
                11,234                     431.00               13:06:40                JSE
                11,354                     430.00               13:12:34                JSE
                10,785                     430.00               13:18:36                JSE
                10,572                     430.00               13:24:10                JSE
                 1,822                     430.00               13:29:41                JSE
                 8,602                     430.00               13:29:41                JSE
                11,090                     430.00               13:39:49                JSE
                10,237                     430.00               13:45:25                JSE
                10,100                     431.00               13:50:43                JSE
                11,946                     430.00               13:55:48                JSE
                11,294                     430.00               14:01:49                JSE
                11,235                     430.00               14:07:42                JSE
                 1,103                     432.00               14:12:58                JSE
                 4,271                     432.00               14:12:58                JSE
                 5,000                     432.00               14:12:58                JSE
                   150                     430.00               14:21:24                JSE
                 1,917                     432.00               14:30:40                JSE
                31,800                     432.00               14:30:40                JSE
                 3,512                     432.00               14:33:28                JSE
                 7,636                     432.00               14:33:28                JSE
                10,348                     432.00               14:38:15                JSE
                 5,612                     433.00               14:44:32                JSE
                 5,672                     433.00               14:44:32                JSE
                10,173                     435.00               14:48:33                JSE
                 2,164                     433.00               14:51:46                JSE
                18,068                     433.00               14:51:46                JSE
                10,180                     433.00               14:51:46                JSE
                 7,317                     433.00               15:04:10                JSE
                11,084                     435.00               15:08:06                JSE
                30,388                     433.00               15:16:25                JSE
                 6,577                     434.00               15:39:47                JSE
                11,074                     434.00               15:39:47                JSE
                 3,948                     434.00               15:41:00                JSE
                 5,044                     434.00               15:41:00                JSE
                 5,206                     434.00               15:41:00                JSE
                10,108                     431.00               15:51:11                JSE
                10,278                     431.00               15:51:11                JSE
                10,347                     431.00               15:51:11                JSE
                10,076                     431.00               15:51:11                JSE
                 4,540                     431.00               16:05:00                JSE
                15,088                     431.00               16:05:00                JSE
                 3,408                     431.00               16:06:13                JSE
                 6,800                     431.00               16:06:13                JSE
                 8,240                     431.00               16:08:32                JSE
                 5,000                     431.00               16:16:08                JSE
                53,875                     435.00               16:28:45                JSE
                55,555                     435.00               16:28:45                JSE
                 9,911                     435.00               16:39:26                JSE
                11,230                     435.00               16:40:48                JSE
                47,916                     434.00               16:41:49                JSE
                24,094                     434.00               16:41:49                JSE
                 1,314                     433.00               16:48:27                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

9 May 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




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Date: 09-05-2022 08:00:00
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