Director/PDMR Shareholding
17/03/2026 09:00
| 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 LSE: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR ticker code: PAFRY (‘Pan African Resources’ or the ‘Company’) | Pan African Resources Funding Company Limited Incorporated in the Republic of South Africa with limited liability Registration number: 2012/021237/06 Alpha code: PARI |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Cobus Loots |
| 2. | Reason for the notification | |
| a) | Position/status: | Chief Executive Officer |
| 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 instrument: | Ordinary shares of 1p each Identification code: GB0004300496 |
| b) | Nature of the transaction: | Trade 1: Disposal of shares Trade 2: Collar transaction Trade 3: Security for loan |
| c) | Price(s) and volume(s): | Trade 1: Disposal of 100,000 shares at ZAR34.51 per share Trade 2: Collar transaction over 400,000 shares with an expiry date of 13 April 2027. Put option strike price (bought) ZAR31.19 per share. Call option strike price (sold) ZAR42.98 per share. Sacrifice of 50% dividends during option period. Trade 3: Pledged Collar transaction shares as security for a loan of ZAR11,567,119, with a maturity date of 13 April 2027. |
| d) | Aggregated information: | Trade 1: Disposal value of ZAR3,451,000 Trade 2: Collar transaction over 400,000 shares, having a market value of R13,844,000* Trade 3: Loan amount ZAR11,567,119 and pledged Collar transaction shares, having a market value of R13,844,000* *based on the prevailing market price on the JSE of R34.61 per share on 11 March 2026 |
| e) | Dates of the transactions: | Trade 1, 2 and 3: 12 March 2026 |
| f) | Place of the transaction: | Trade 1,2 and 3: Johannesburg Stock Exchange |
| a) | Nature of interest of executive: | Trade 1, 2 and 3: Indirect beneficial |
| b) | On-market or off-market: | Trade 1: On-market Trade 2 and 3: Off-market |
| c) | Clearance given in terms of paragraph 6.83 of the JSE Listings Requirements: | Yes |
| d) | Total value of transactions | Trade 1: ZAR3,451,000 Trade 2: Collar transaction shares, having a market value of R13,844,000* Trade 3: ZAR11,567,119 loan amount and R13,844,000, being the market value of the Collar transaction shares pledged* *based on the prevailing market price on the JSE of R34.61 per share on 11 March 2026 |
| e) | Holding following transactions: | Indirect beneficial 4,797,154 ordinary shares Direct beneficial 1,148,700 ordinary shares |
| Corporate information | |
| Corporate Office The Firs Building 2nd Floor, Office 204 Corner Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za | Registered Office 107 Cheapside, 2nd Floor London, EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706 jane.kirton@corpserv.co.uk |
| Chief Executive Officer Cobus Loots Office: + 27 (0)11 243 2900 | Financial Director and debt officer Marileen Kok Office: + 27 (0)11 243 2900 |
| Head: Investor Relations Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za | Website: www.panafricanresources.com |
| Company Secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 3869 0706 | Joint Broker Ross Allister/Georgia Langoulant Peel Hunt LLP Office: +44 (0)20 7418 8900 |
| JSE Sponsor & JSE Debt Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 63 482 3802 | Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0)20 7236 1010 |
| Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: +44 (0)20 3207 7800 | |
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