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

Release Date: 29/01/2024 17:45
Code(s): PAN PARS01 PARS02     PDF:  
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TR-1: Standard form for notification of major holdings

Pan African Resources PLC                   Pan African Resources Funding
(Incorporated and registered in England     Company Limited
and Wales under the Companies Act 1985      Incorporated in the Republic of
with registered number 3937466 on 25        South Africa with limited liability
February 2000)                              Registration number:
Share code on AIM: PAF                      2012/021237/06
Share code on JSE: PAN                      Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African" or the "Company" or the

TR-1: Standard form for notification of major holdings

1. Issuer Details
 Issuer Name
 UK or Non-UK Issuer
2. Reason for Notification
  An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
  Ninety One SA (Pty) Ltd
 City of registered office (if applicable)

 Country of registered office (if applicable)
4. Details of the shareholder
  Full name of shareholder(s) if different from the person(s)
  subject to the notification obligation, above

  City of registered office (if applicable)

  Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
6. Date on which Issuer notified
7. Total positions of person(s) subject to the notification
                                             % of voting
                          % of voting        rights through
                                                                    Total of both    Total number of
                          rights attached    financial
             .                                                      in % (8.A +      voting rights
                          to shares (total   instruments
                                                                    8.B)             held in issuer
                          of 8.A)            (total of 8.B 1 +
                                             8.B 2)

  situation on the
  date on which
                              4.994100        0.000000               4.994100        95712118
  threshold was
  crossed or

  Position of
                              5.000000        0.000000               5.000000
  notification (if

8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of        Number of       Number of indirect          % of direct
                                                                                 % of indirect voting
shares ISIN          direct voting   voting rights               voting rights
                                                                                 rights (DTR5.2.1)
code(if possible)    rights (DTR5.1) (DTR5.2.1)                  (DTR5.1)

GB0004300496                             95712118                                   4.994100

Sub Total 8.A          95712118                                    4.994100%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                        Number of voting rights that
                                                                                             % of
Type of financial    Expiration Exercise/conversion     may be acquired if the
instrument           date       period                  instrument is
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of                                                                                    % of
                 Expiration   Exercise/conversion    Physical or cash      Number of
financial                                                                                  voting
                 date         period                 settlement            voting rights
instrument                                                                                 rights
Sub Total 8.B2

9. Information in relation to the person subject to the
notification obligation
     2. 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 entities (please add
     additional rows as necessary)
                                                           % of voting rights
                                      % of voting rights
                                                           through financial     Total of both if it
                        Name of       if it equals or is
     Ultimate                                              instruments if it     equals or is higher
                        controlled    higher than the
     controlling person                                    equals or is higher   than the notifiable
                        undertaking   notifiable
                                                           than the notifiable   threshold

       Ninety One
                         One SA
       Africa (Pty)                     4.994100             0.000000              4.994100%

       Ninety One
                         Africa         0.000000             0.000000              0.000000%

     10. In case of proxy voting
      Name of the proxy holder

      The number and % of voting rights held

      The date until which the voting rights will be held

     11. Additional Information

     12. Date of Completion
     13. Place Of Completion


29 January 2024

For further information on Pan African, please visit the Company's website at

Corporate information
Corporate office                         Registered office
The Firs Office Building                 2nd Floor
2nd Floor, Office 204                    107 Cheapside
Cnr. Cradock and Biermann Avenues        London
Rosebank, Johannesburg                   EC2V 6DN
South Africa                             United Kingdom
Office: + 27 (0)11 243 2900              Office: + 44 (0)20 7796 8644                 

Chief executive officer                  Financial director and debt officer
Cobus Loots                              Deon Louw
Office: + 27 (0)11 243 2900              Office: + 27 (0)11 243 2900

Head: Investor relations                 Website:
Hethen Hira
Tel: + 27 (0)11 243 2900

Company secretary                        Nominated adviser and joint broker
Jane Kirton                              Ross Allister/David McKeown
St James's Corporate Services Limited    Peel Hunt LLP
Office: + 44 (0)20 7796 8644             Office: +44 (0)20 7418 8900

JSE Sponsor and JSE debt sponsor         Joint broker
Ciska Kloppers                           Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary   BMO Capital Markets Limited
                                         Office: +44 (0)20 7236 1010
Office: + 27 (0)11 011 9200
                                         Joint broker
                                         Matthew Armitt/Jennifer Lee
                                         Joh. Berenberg, Gossler & Co KG
                                         Office: +44 (0)20 3207 7800

Date: 29-01-2024 05:45:00
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