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Director’s dealings in securities - Deon Louw
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under the Companies Act 1985 with registered Incorporated in the Republic of South
number 3937466 on 25 February 2000) Africa with limited liability
Share code on AIM: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
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 that it has received notification that on 10 May 2024, the Finance Director
Deon Louw, entered into the following transactions:
• The transfer of 2 000 000 ordinary shares from Figit (Pty) Ltd, an entity associated with
Deon Louw, into his own name
• Collar transaction for 2,728,254 ordinary shares of 1p each in Pan African Resources
• The purchase of 728 254 ordinary shares of 1p each in Pan African Resources
• The advance of a loan of ZAR 11,262,492.85 for a term of 1 year with 2,728,254 shares
pledged as security for the loan and the dividend on these secured shares sacrificed for the
loan's tenure.
Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Louw
has an indirect beneficial interest of 1,122,349 ordinary shares, representing 0.0505% of the
Company's issued share capital and a direct beneficial interest of 3,851,114 ordinary shares,
representing 0.1733% of the Company's issued share capital.
The below information and notification are made in accordance with the EU Market Abuse
Regulation and the JSE Listings Requirements.
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: Transfer
Trade 2: Collar structure
Trade 3: Acquisition of shares
Trade 4: Security for loan
c) Price(s) and volume(s): Trade 1: Transfer 2,000,000
ordinary shares for nil consideration
Trade 2: Collar structure over
2,728,254 shares. Put option strike
price (bought) ZA449.6 cents per
share and call option strike price
(sold) ZA 769.65 cents per share for
2,000,000 shares. Put option strike
price (bought) ZA456.0 cents per
share and call option strike price
(sold) ZA 780.608 cents per share
for 728,254 shares.
Trade 3: Acquisition of 728,254
shares. VWAP ZA 5.65 cents per
share.
Price(s) Volume(s)
(ZA cents per
share)
563.00 548,143
570.00 180,111
Trade 4: Pledged 2,728,254 shares
with a dividend sacrifice as security
for a 1 year term loan of ZAR
11,262,492.85.
d) Aggregated information: Trade 1: Transfer 2,000,000
ordinary shares for nil consideration
Trade 2: Collar structure over
2,728,254 shares
Trade 3: Acquisition value of
ZAR4,112,677.79
Trade 4: Loan amount
ZAR11,262,492.85
e) Dates of the transaction: 10 May 2024
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: Direct beneficial
Trade 2: Direct beneficial
Trade 3: Direct beneficial
Trade 4: Direct beneficial
b) On-market or off-market: Trade 1: Off-market
Trade 2: Off-market
Trade 3: On-market
Trade 4: Off-market
c) Clearance given in terms of paragraph 3.66 of the Yes
JSE Listings Requirements:
d) Total value of transaction Trade 1: Nil consideration
Trade 2: No premium
Trade 3: ZAR4,112,677.79
Trade 4: ZAR11,262,492.85
e) Holding following transactions: Indirect beneficial 1,122,349
ordinary shares,
Direct beneficial 3,851,114
ordinary shares
Johannesburg
14 May 2024
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs 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
info@paf.co.za info@paf.co.za
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
Jane Kirton Ross Allister/Georgia Langoulant
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 Limited BMO Capital Markets Limited
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
Office: +44 (0)20 3207 7800
Date: 14-05-2024 11:00:00
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