REG-Pan African Resources Plc: Director/PDMR Shareholding

Pan African ResourcesAnnouncement

20/09/2019 07:05

Pan African Resources PLC

(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)

AIM Code: PAF

JSE Code: PAN

ISIN: GB0004300496

("Pan African" or the “Company”)

DIRECTOR’S DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS

 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 instrument:                                                                                                                                       Ordinary shares of 1p each  Identification code: GB0004300496  
 b)  Nature of the transaction:                                                                                                                                                                         Acquisition of ordinary shares                                 
 c)  Price(s) and volume(s):                                                                                                                                                                            250,000 High: R2.18 Low: R2.05 VWAP: R2.14                     
 d)  Aggregated information:                                                                                                                                                                            R536 003.70                                                    
 e)  Date of the transaction:                                                                                                                                                                           19 September 2019                                              
 f)  Place of the transaction:                                                                                                                                                                          Johannesburg Stock Exchange                                    

Additional information disclosed in accordance with the JSE Listings
Requirements:

 a)  Nature of interest of executive:                                              Beneficial  
 b)  On-market or off-market:                                                      On-market   
 c)  Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements:  Yes         
 d)  Holding following transactions:                                               507,450     

Johannesburg

20 September 2019



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