REG-Pan African Resources Plc: Director/PDMR Shareholding
02/07/2024 16:00
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 that it has received notification that on 28 June 2024,
the Finance Director Deon Louw, entered into the following transactions:
* The transfer of 2 000 000 ordinary shares from Figit (Pty) Ltd, an entity
associated with Deon Louw, into his own name
* Collar transaction for 2,000,000 ordinary shares of 1p each in Pan African
Resources
* The advance of a loan of ZAR 11,122,505.00 for a term of 1 year with
2,000,000 shares pledged as security for the loan and the dividend on these
secured shares sacrificed for the loan’s tenure.
Following these transactions, which is detailed in the PDMR Notification
Dealing Form below, Mr Louw has an indirect beneficial interest of 245,209
ordinary shares, representing 0.0110% of the Company's issued share capital
and a direct beneficial interest of 4,728,254 ordinary shares, representing
0.2127% of the Company's issued share capital.
Whereas the announcement on dealings by the Financial Director Deon Louw,
dated 10 May 2024, made reference to the transfer of 2,000,000 shares from
Figit (Pty) Ltd into his own name, the actual amount of shares transferred was
only 877,140 shares, as he already held 1,122,860 shares in his own name at
that time.
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: 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: Trade 1: Transfer Trade 2: Collar structure Trade 3: Security for loan
c) Price(s) and volume(s): Trade 1: Transfer 2,000,000 ordinary shares for nil consideration Trade 2: Collar structure over 2,000,000 shares. Put option strike price (bought) ZA607 cents per share
and call option strike price (sold) ZA 698 cents per share for 2,000,000 shares. Trade 3: Pledged 2,000,000 shares with a dividend sacrifice as security for a 1 year
term loan of ZAR 11,122,505.00
d) Aggregated information: Trade 1: Transfer 2,000,000 ordinary shares for nil consideration Trade 2: Collar structure over 2,000,000 shares Trade 3: Loan amount ZAR11,122,505
e) Dates of the transaction: 28 June 2024
f) Place of the transaction: Johannesburg Stock Exchange
Additional information disclosed in accordance with the JSE Listings
Requirements:
a) Nature of interest of executive: Trade 1: Direct beneficial Trade 2: Direct beneficial Trade 3: Direct beneficial
b) On-market or off-market: Trade 1: Off-market Trade 2: Off-market Trade 3: Off-market
c) Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements: Yes
d) Total value of transaction Trade 1: Nil consideration Trade 2: No premium Trade 3: ZAR11,122,505.00
e) Holding following transactions: Indirect beneficial 245,209 ordinary shares, Direct beneficial 4,728,254 ordinary shares
Johannesburg
2 July 2024
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office The Firs 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/Georgia Langoulant 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
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