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    Director/PDMR Shareholding

    Picture of Pan African Resources logoPan African Resources
    15/05/2026 13:00
    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
    

 

 

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 received notification on 14 May 2026 of the expiry of the equity funded transactions entered into by LTS Ventures (Pty) Ltd (“LTS”), an entity associated with the Chief Executive Officer, Cobus Loots, as previously announced to the market on 14 May 2024.

The expiry of the transactions entailed the following:

The termination of the pledge and cession over 3,007,222 ordinary shares of 1p each in Pan African Resources, as security for a ZAR 11,340,187.01 loan advanced to LTS for a term of 2 years from May 2024

Disposal of 2,609,616 ordinary shares of 1p each in Pan African Resources to,

inter alia

, settle the loan and derivative obligations under the collar structure, at a price of ZAR33.03 per share

Following these transactions, Mr Loots has an indirect

beneficial interest of 2,187,538

ordinary shares, representing 0.0937% of the Company's issued share capital and a direct beneficial

interest of 1,148,700

ordinary shares, representing 0.04922% 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: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: Termination of the pledge and cession
    Trade 2: Settlement of collar and financing transaction through disposal of shares
    c)Price(s) and volume(s):Trade 1: Termination of pledge and cession over 3,007,222 shares
    Trade 2: Settlement of collar and financing transaction to the value of ZAR86,058,228.52 through disposal of 2,609,616 shares at a price of ZAR33.03 per share.
    d)Aggregated information:Trade 1: No value
    Trade 2: Disposal value of ZAR86,195,616.50, of which a portion was utilised to settle the collar and financing transaction to the value of ZAR86,058,228.52
    e)Dates of the transactions:Trade 1 and 2: 11 May 2026
    f)Place of the transactions:Trade 1 and 2: Johannesburg Stock Exchange
    

 

Additional information disclosed in accordance with the JSE Listings Requirements:


    a)Nature of interest of executive:Trade 1 and 2: Indirect beneficial
    b)On-market or off-market:Trade 1: Off-market
    Trade 2: On-market
    c)Clearance given in terms of paragraph 6.83 of the JSE Listings Requirements:Yes
    d)Total value of transactionsTrade 1: Market value of the pledged shares of ZAR100,050,275.94, based on the prevailing market price on the JSE of ZAR33.27 per share on 13 May 2026
    Trade 2: Disposal value of ZAR86,195,616.50, of which a portion was utilised to settle the collar and financing transaction to the value of ZAR86,058,228.52
    e)Holding following transactions:Indirect beneficial 2,187,538 ordinary shares
    Direct beneficial 1,148,700 ordinary shares
    

 

 

Johannesburg

 

15 May 2026

 

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

www.panafricanresources.com

 


    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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