REG-Pan African Resources PLC: Holding(s) in Company <Origin Href="QuoteRef">PAFR.L</Origin>

Pan African ResourcesAnnouncement

14/03/2016 07:00

For filings with the FCA include the annex  
                                            
For filings with issuer exclude the annex   

   

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                              
                                                                                             
1. Identity of the issuer or the underlying issuer         Pan African Resources Plc         
of existing shares to which voting rights are                                                
attached: ii                                                                                 
                                                                                             
2 Reason for the notification (please tick the appropriate box or boxes):                    
                                                                                             
An acquisition or disposal of voting rights                                             X    
                                                                                             
An acquisition or disposal of qualifying financial instruments which may result              
in the acquisition of shares already issued to which voting rights are attached              
                                                                                             
An acquisition or disposal of instruments with similar economic effect to                    
qualifying financial instruments                                                             
                                                                                             
An event changing the breakdown of voting rights                                             
                                                                                             
Other (please specify):                                                                      
                                                                                             
3. Full name of person(s) subject to the      Prudential Portfolio Managers (South Africa)   
notification obligation: iii                                  (Pty) Limited                  
                                                                                             
4. Full name of shareholder(s)                                                               
 (if different from 3.):iv                                                                   
                                                                                             
5. Date of the transaction and date on                        10 March 2016                  
which the threshold is crossed or                                                            
reached: v                                                                                   
                                                                                             
6. Date on which issuer notified:                             11 March 2016                  
                                                                                             
7. Threshold(s) that is/are crossed or                          Below 5%                     
reached: vi, vii                                                                             
                                                                                             

   

8. Notified details:                                                                                 
                                                                                                     
A: Voting rights attached to shares viii, ix                                                         
                                                                                                     
Class/type of    Situation previous        Resulting situation after the triggering transaction      
shares           to the triggering                                                                   
                 transaction                                                                         
if possible                                                                                          
using            Number       Number       Number      Number of voting       % of  voting rights x  
the ISIN CODE    of           of           of shares   rights                                        
                 Shares       Voting                                                                 
                              Rights       Direct      Direct xi   Indirect   Direct      Indirect   
                                                                   xii                               
                                                                                                     
  GB0004300496    91,896,421   91,896,421  91,085,743              91,085,743                4.97%   
                                                                                                     
B: Qualifying Financial Instruments                                                                  
                                                                                                     
Resulting situation after the triggering transaction                                                 
                                                                                                     
Type of financial       Expiration Exercise/               Number of voting         % of voting      
instrument              date xiii  Conversion Period xiv   rights that may be       rights           
                                                           acquired if the                           
                                                           instrument is                             
                                                           exercised/ converted.                     
                                                                                                     
C: Financial Instruments with similar economic effect to Qualifying Financial                        
Instruments xv, xvi                                                                                  
                                                                                                     
Resulting situation after the triggering transaction                                                 
                                                                                                     
Type of financial  Exercise   Expiration Exercise/     Number of voting rights   % of voting rights  
instrument         price      date xvii  Conversion    instrument refers to      xix, xx             
                                         period xviii                                                
                                                                                                     
                                                                                 Nominal     Delta   
                                                                                                     
Total (A+B+C)                                                                                        
                                                                                                     
Number of voting rights                          Percentage of voting rights                         
                                                                                                     
91,085,743                                       4.97%                                               
                                                                                                     
9. Chain of controlled undertakings through which the voting rights and/or the                       
financial instruments are effectively held, if applicable: xxi                                       
                                                                                                     
                                                                                                     
Prudential Portfolio Managers (South Africa) (Pty) Limited - 91,085,743 (4.97%)                      
                                                                                                     
Proxy Voting:                                                                                        
                                                                                                     
10. Name of the proxy holder:                                                   N/A                  
                                                                                                     
11. Number of voting rights proxy holder will cease                             N/A                  
to hold:                                                                                             
                                                                                                     
12. Date on which proxy holder will cease to hold                               N/A                  
voting rights:                                                                                       
                                                                                                     
                                                                                                     
13. Additional information:                                                                          
                                                                                                     
14. Contact name:                                Owen Smith / Poonam Stammers                        
                                                 M&G Investment Management Limited                   
                                                                                                     
15. Contact telephone number:                    020 7004 4517 / 020 3480 6135                       
                                                                                                     



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