REG-Pan African Resources Plc: Director/PDMR Shareholding

Pan African ResourcesAnnouncement

22/09/2021 13:05

Pan African Resources PLC

(Incorporated and registered in England and Wales under the UK Companies Act
2006 with registration number 3937466 on 25 February 2000)

AIM Code: PAF

JSE Code: PAN

ISIN: GB0004300496

ADR ticker code: PAFRY

(Pan African Resources or the Company)

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 has received notification that independent
non-executive director, Thabo Mosololi, bought 50,000 ordinary shares of 1p
each in Pan African Resources on 21 September 2021.

Following this transaction, which is detailed in the PDMR Notification Dealing
Form below, Mr Mosololi has a direct beneficial interest of 160,000 ordinary
shares, representing 0.0072% 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:                                                                                                                                                                                              Thabo Mosololi                                                 
 2.  Reason for the notification                                                                                                                                                                                                                                       
 a)  Position/status:                                                                                                                                                                                   Independent non-executive 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):                                                                                                                                                                            50,000 ordinary shares at ZA 315 cents per share               
 d)  Aggregated information:                                                                                                                                                                            ZAR 157,500.00                                                 
 e)  Date of the transaction:                                                                                                                                                                           21 September 2021                                              
 f)  Place of the transaction:                                                                                                                                                                          Johannesburg Stock Exchange                                    

Additional information disclosed in accordance with the JSE Listings
Requirements:

 a)  Nature of interest of executive:                                              Direct 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:                                               Direct beneficial 160,000 ordinary shares  

Johannesburg

22 September 2021

Sponsor: Questco Corporate Advisory Proprietary Limited 



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