REG-Pan African Resources Plc: Director/PDMR Shareholding
18/09/2020 15:05
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 AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(Pan African or the Company or the Group)
PDMR Dealings
Pan African announces that, following the restructuring of the Group’s
long-term incentive schemes as announced on 17 September 2020, the Company has
received notifications from the Directors and Persons Discharging Managerial
Responsibilities (PDMR) set out in the tables below.
As part of the restructuring, certain executive directors and prescribed
officers have agreed to relinquish the share options issued to them under the
Pan African Corporate Share Option Scheme established (PACOS). In addition,
the executive directors namely Cobus Loots (Chief Executive Officer) and Deon
Louw (Financial Director) have agreed to relinquish their entitlement to
receive shares in respect of the terms of their employment contracts. In lieu
of the aforementioned relinquishments, the executive directors and prescribed
officers will receive a restricted class B ordinary shares of no par value in
the share capital of PAR Gold Proprietary Limited in terms of a newly
established Pan African B Executive Incentive Scheme.
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. 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 Identification code Options over ordinary shares of 1p each Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 12,427,686
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
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. 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 Identification code Ordinary shares of 1p each Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share entitlement
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 5,000,000
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Deon Louw
2. Reason for the notification
a. Position/status Financial Director
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. 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 Identification code Options over ordinary shares of 1p each Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 8,690,599
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Deon Louw
2. Reason for the notification
a. Position/status Financial Director
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. 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 Identification code Ordinary shares of 1p each Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share entitlement
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 3,100,000
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Andre van den Bergh
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. 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 Identification code Options over ordinary shares of 1p each Identification code: GB0004300496
b. Nature of the transaction Relinquishment of share options
c. Price(s) and volume(s)
Price(s) Volume(s)
n/a 8,109,463
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
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. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Identification code Restricted class B ordinary shares of no par value
b. Nature of the transaction Award of shares
c. Price(s) and volume(s)
Price(s) Volume(s)
R0.0001 17,107,579
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Deon Louw
2. Reason for the notification
a. Position/status Financial Director
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Identification code Restricted class B ordinary shares of no par value
b. Nature of the transaction Award of shares
c. Price(s) and volume(s)
Price(s) Volume(s)
R0.0001 11,523,153
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Andre van den Bergh
2. Reason for the notification
a. Position/status Chief Operating Officer
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name PAR Gold Proprietary Limited
b. LEI N/A
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 Identification code Restricted class B ordinary shares of no par value
b. Nature of the transaction Award of shares
c. Price(s) and volume(s)
Price(s) Volume(s)
R0.0001 7,541,800
d. Aggregated information See above
e. Date of the transaction 16 September 2020
f. Place of the transaction Off market
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644
Cobus Loots Pan African Resources PLC Chief Executive Officer Office: + 27 (0)11 243 2900 Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0)11 243 2900
Phil Dexter/Jane Kirton St James's Corporate Services Limited Company Secretary Office: + 44 (0)20 7796 8644 Ross Allister/David McKeown Peel Hunt LLP Nominated Adviser and Joint Broker Office: +44 (0)20 7418 8900
Ciska Kloppers Questco Corporate Advisory Proprietary Limited JSE Sponsor Office: + 27 (0)11 011 9200 Thomas Rider/Neil Elliot BMO Capital Markets Limited Joint Broker Office: +44 (0)20 7236 1010
Hethen Hira Pan African Resources PLC Head: Investor Relations Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za Website: www.panafricanresources.com
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