REG-Pan African Resources Plc: Director/PDMR Shareholding

Pan African ResourcesAnnouncement

Today 09:15

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 LSE: 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 12 March 2026,
LTS Ventures (Pty) Ltd, an entity associated with the Chief Executive Officer,
Cobus Loots, entered into the following transactions:
*            Disposed of 100,000 ordinary shares of 1p each in Pan African
Resources          
*            Collar transaction for 400,000 ordinary shares of 1p each in Pan
African Resources (Collar transaction)           
*            The advance of a loan of ZAR 11,567,119 with a maturity date of
13 April 2027 and the Collar transaction shares pledged as security for the
loan.
Following these transactions, Mr Loots has an indirect                        
                beneficial interest of 4,797,154                              
          ordinary shares, representing 0.2056% of the Company's issued share
capital and a direct beneficial                                        
interest of 1,148,700                                         ordinary shares,
representing 0.04922% 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:                                                                                                                                                                                              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:                                                                                                                                       Ordinary shares of 1p each    Identification code: GB0004300496                                                                                                           
 b)  Nature of the transaction:                                                                                                                                                                         Trade 1: Disposal of shares  Trade 2: Collar transaction  Trade 3: Security for loan                                                                                      
 c)  Price(s) and volume(s):                                                                                                                                                                            Trade 1: Disposal of 100,000 shares at ZAR34.51 per share  Trade 2: Collar transaction over 400,000 shares with an expiry date of 13 April 2027. Put option strike price  
                                                                                                                                                                                                        (bought) ZAR31.19 per share. Call option strike price (sold) ZAR42.98 per share. Sacrifice of 50% dividends during option period.  Trade 3: Pledged Collar transaction    
                                                                                                                                                                                                        shares as security for a loan of ZAR11,567,119, with a maturity date of 13 April 2027.                                                                                    
 d)  Aggregated information:                                                                                                                                                                            Trade 1: Disposal value of ZAR3,451,000  Trade 2: Collar transaction over 400,000 shares, having a market value of R13,844,000*  Trade 3: Loan amount ZAR11,567,119 and   
                                                                                                                                                                                                        pledged Collar transaction shares, having a market value of R13,844,000*  *  based on the prevailing market price on the JSE of R34.61 per share on 11 March 2026         
 e)  Dates of the transactions:                                                                                                                                                                         Trade 1, 2 and 3: 12 March 2026                                                                                                                                           
 f)  Place of the transaction:                                                                                                                                                                          Trade 1,2 and 3: Johannesburg Stock Exchange                                                                                                                              

 

Additional information disclosed in accordance with the JSE Listings
Requirements:

 a)  Nature of interest of executive:                                              Trade 1, 2 and 3: Indirect beneficial                                                                                                                                                                                                                                                                            
 b)  On-market or off-market:                                                      Trade 1: On-market  Trade 2 and 3: Off-market                                                                                                                                                                                                                                                                    
 c)  Clearance given in terms of paragraph 6.83 of the JSE Listings Requirements:  Yes                                                                                                                                                                                                                                                                                                              
 d)  Total value of transactions                                                   Trade 1: ZAR3,451,000  Trade 2: Collar transaction shares, having a market value of R13,844,000*  Trade 3: ZAR11,567,119 loan amount and R13,844,000, being the market value of the Collar transaction shares pledged*  *  based on the prevailing market price on the JSE of R34.61 per share on 11 March 2026  
 e)  Holding following transactions:                                               Indirect beneficial 4,797,154 ordinary shares  Direct beneficial 1,148,700 ordinary shares                                                                                                                                                                                                                       

 

 

Johannesburg

 

17 March 2026

 

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  Corner Cradock and Biermann Avenues  Rosebank, Johannesburg  South Africa  Office: + 27 (0)11 243 2900   info@paf.co.za  Registered Office   107 Cheapside, 2 nd Floor  London, EC2V 6DN  United Kingdom  Office: + 44 (0)20 3869 0706     jane.kirton@corpserv.co.uk  
 Chief Executive Officer     Cobus Loots   Office: + 27 (0)11 243 2900                                                                                                                 Financial Director and debt officer   Marileen Kok  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 3869 0706                                                                                Joint Broker   Ross Allister/Georgia Langoulant   Peel Hunt LLP   Office: +44 (0)20 7418 8900                                                 
 JSE Sponsor & JSE Debt Sponsor   Ciska Kloppers   Questco Corporate Advisory Proprietary Limited   Office: + 27 (0) 63 482 3802                                                       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 (Berenberg)   Office: +44 (0)20 3207 7800                        

 



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