REG-Pan African Resources Plc: Director/PDMR Shareholding

Pan African ResourcesAnnouncement

30/05/2023 07:15

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 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 it has received notification that Chief Executive
Officer, Cobus Loots, bought 200,000 ordinary shares of 1p each in Pan African
Resources on 26 May 2023 and entered into 200,000 contracts for difference
(CFDs).

Following this transaction, which is detailed in the PDMR Notification Dealing
Form below, Mr Loots has an indirect beneficial interest of 5,048,504 ordinary
shares, representing 0.2271% of the Company's issued share capital and a
direct beneficial interest of 1,873,982 ordinary shares, representing 0.0843%
of the Company's issued share capital and 314,280 open contracts for
differences (CFDs).

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:                                                                                                                                       Trade 1: Ordinary shares of 1p each  Identification code: GB0004300496                                    
 b)                                   Nature of the transaction:                                                                                                                                                                         Trade 1: Acquisition of ordinary shares Trade 2: Acquisition of Contract for Difference derivate          
 c)                                   Price(s) and volume(s):                                                                                                                                                                            Trade 1: 200,000 ordinary shares at 13.20 pence per share  Trade 2:                                       
 Price(s) (Pence per CFD)  Volume(s)  
 13.00                     4,980      
 13.12                     2,876      
 13.12                     10,156     
 13.12                     13,040     
 13.12                     18,613     
 13.20                     11,896     
 13.20                     100,000    
 13.20                     5,444      
 13.20                     32,995     
 d)                                   Aggregated information:                                                                                                                                                                            Trade 1: 200,000 ordinary shares at 13.2 pence per share Trade 2: 200,000 CFDs at 13.177 pence per share  
 e)                                   Dates of the transactions:                                                                                                                                                                         Trade 1 and 2: 26 May 2023                                                                                
 f)                                   Place of the transaction:                                                                                                                                                                          Trade 1: London SETS Trade 2: OTC                                                                         

 

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)  Total value of transactions                                                   Trade 1: GBP26,400 for ordinary shares  Trade 2: GBP26,354 for CFDs                                           
 e)  Holding following transactions:                                               Indirect beneficial 5,048,504 ordinary shares Direct beneficial 1,873,982 ordinary shares  314,280 open CFDs  

 

 

Johannesburg

 

30 May 2023

 

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

www.panafricanresources.com

 Corporate 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 2 nd Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644 info@paf.co.za  
 Chief executive officer  Cobus Loots  Office: + 27 (0)11 243 2900                                                                                                                                                                                                    Financial director  Deon Louw  Office: + 27 (0)11 243 2900                                                             
 Head: Investor relations Hethen Hira                                                                                                                                                                                                                                 Website: www.panafricanresources.com                                                                                   
  Tel: + 27 (0)11 243 2900                                                                                                                                                                                                                                                                                                                                                                   
  E-mail: hhira@paf.co.za                                                                                                                                                                                                                                                                                                                                                                    
 Company secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 7796 8644                                                                                                                                                                     Nominated adviser and joint broker Ross Allister/David McKeown Peel Hunt LLP Office: +44 (0)20 7418 8900               
 JSE Sponsor and JSE debt sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 11 011 9200 (https://www.google.co.za/search?q=questco&rlz=1C1EJFC_enZA816ZA818&oq=questco&aqs=chrome..69i57j0l5.1159j0j4&sourceid=chrome&ie=UTF-8)  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 Office: +44 (0)20 3207 7800                   

 

 



Copyright (c) 2023 PR Newswire Association,LLC. All Rights Reserved