REG-Pan African Resources Plc: Director/PDMR Shareholding
30/06/2021 11:05
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(“Pan African” or "the Company")
PDMR Dealings
Shareholders are referred to the announcement of 17 September 2020 and 30 June
2021, where some of the group's long-term incentive schemes were restructured
with the intent of simplifying and consolidating these schemes and improving
their retention capability.
Pan African announces that, following the restructuring of the Group’s
long-term incentive schemes as announced on 30 June 2021, 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 including the Chief
Executive Officer, Cobus Loots, the Financial Director, Deon Louw, and
Albertus Abraham van den Berg, the Chief Operating Officer of the group
(details of which are set out in the tables below) (“Affected
Participants”) have agreed to relinquish the share options issued to them on
1 July 2019 (“PARSMSS 1(st) issue”) and 1 July 2020 (“PARSMSS 2(nd)
issue”) under the Pan African Senior Management Share Scheme
(“PARSMSS”).
In lieu of the relinquishment set out above, restricted class C ordinary
shares (“Class C-Shares”) and class D ordinary shares (“Class
D-Shares”) of no par value in the share capital of PAR Gold Proprietary
Limited (“PAR Gold”), will be issued to the Affected Participants in terms
of a newly established Pan African C Executive Incentive Scheme (“C-Share
Scheme”) and Pan African D Executive Incentive Scheme (“D-Share
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 4,667,768 (PARSMSS 1st issue) 2,998,480 (PARSMSS 2nd issue)
d. Aggregated information Total options relinquished 7,666,248
e. Date of the transaction 30 June 2021
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 3,826,998 (PARSMSS 1st issue) 2,458,387 (PARSMSS 2nd issue)
d. Aggregated information Total options relinquished 6,285,385
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
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 1,244,444 (PARSMSS 1st issue) 799,406 (PARSMSS 2nd issue)
d. Aggregated information Total options relinquished 2,043,850
e. Date of the transaction 30 June 2021
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 C 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 4,434,380
d. Aggregated information See above
e. Date of the transaction 30 June 2021
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 D 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 2,848,556
d. Aggregated information See above
e. Date of the transaction 30 June 2021
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 C 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 3,635,648
d. Aggregated information See above
e. Date of the transaction 30 June 2021
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 D 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 2,335,468
d. Aggregated information See above
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
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 C 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 1,182,222
d. Aggregated information See above
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Albertus Abraham van den Berg
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 D 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 759,436
d. Aggregated information See above
e. Date of the transaction 30 June 2021
f. Place of the transaction Off market
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Rosebank
30 June 2021
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/ Nick Macann 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 Sholto Simpson Vestra Advisory Proprietary Limited Corporate Advisor Office: +27 (82) 449 1355
Website: www.panafricanresources.com
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