REG-Pan African Resources Plc: Director/PDMR Shareholding

Pan African ResourcesAnnouncement

Yesterday 13:15

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 received notification on 14 May 2026 of the
expiry of the equity funded transactions entered into by LTS Ventures (Pty)
Ltd (“LTS”), an entity associated with the Chief Executive Officer, Cobus
Loots, as previously announced to the market on 14 May 2024.

The expiry of the transactions entailed the following:
*            The termination of the pledge and cession over 3,007,222 ordinary
shares of 1p each in Pan African Resources, as security for a ZAR
11,340,187.01 loan advanced to LTS for a term of 2 years from May 2024        
  
*            Disposal of 2,609,616 ordinary shares of 1p each in Pan African
Resources to,                        inter alia                      , settle
the loan and derivative obligations under the collar structure, at a price of
ZAR33.03 per share
Following these transactions, Mr Loots has an indirect                        
                beneficial interest of 2,187,538                              
          ordinary shares, representing 0.0937% 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: Termination of the pledge and cession  Trade 2: Settlement of collar and financing transaction through disposal of shares                                                                                                 
 c)  Price(s) and volume(s):                                                                                                                                                                            Trade 1: Termination of pledge and cession over 3,007,222 shares  Trade 2: Settlement of collar and financing transaction to the value of ZAR86,058,228.52 through disposal of 2,609,616 shares at a price of ZAR33.03 per share.  
 d)  Aggregated information:                                                                                                                                                                            Trade 1: No value  Trade 2: Disposal value of ZAR86,195,616.50, of which a portion was utilised to settle the collar and financing transaction to the value of ZAR86,058,228.52                                                    
 e)  Dates of the transactions:                                                                                                                                                                         Trade 1 and 2: 11 May 2026                                                                                                                                                                                                         
 f)  Place of the transactions:                                                                                                                                                                         Trade 1 and 2: Johannesburg Stock Exchange                                                                                                                                                                                         

 

Additional information disclosed in accordance with the JSE Listings
Requirements:

 a)  Nature of interest of executive:                                              Trade 1 and 2: Indirect beneficial                                                                                                                                                                                                                                                                                    
 b)  On-market or off-market:                                                      Trade 1: Off-market  Trade 2: On-market                                                                                                                                                                                                                                                                               
 c)  Clearance given in terms of paragraph 6.83 of the JSE Listings Requirements:  Yes                                                                                                                                                                                                                                                                                                                   
 d)  Total value of transactions                                                   Trade 1: Market value of the pledged shares of ZAR100,050,275.94, based on the prevailing market price on the JSE of ZAR33.27 per share on 13 May 2026  Trade 2: Disposal value of ZAR86,195,616.50, of which a portion was utilised to settle the collar and financing transaction to the value of ZAR86,058,228.52  
 e)  Holding following transactions:                                               Indirect beneficial 2,187,538 ordinary shares  Direct beneficial 1,148,700 ordinary shares                                                                                                                                                                                                                            

 

 

Johannesburg

 

15 May 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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