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

Pan African ResourcesAnnouncement

11/04/2017 10:50

For filings with the FCA include the annex                                                                                                                                                                                                                                    
 For filings with issuer exclude the annex                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                               
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                               
 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                                                                                                                                             PUBLIC INVESTMENT CORPORATION SOC LIMITED                                                
 notification obligation: (iii)                                                                                                                                                                                                                                                
 4. Full name of shareholder(s) (if different from 3.): (iv)                                                                                                                                             N/A                                                                   
 5. Date of the transaction and date on                                                                                                                                                             7 April 2017                                                               
 which the threshold is crossed or                                                                                                                                                                                                                                             
 reached: (v)                                                                                                                                                                                                                                                                  
 6. Date on which issuer notified:                                                                                                                                                                  10 April 2017                                                              
 7. Threshold(s) that is/are crossed or                                                                                                                                                                  6%                                                                    
 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  if possible using the ISIN CODE   to the triggering                                                                                                                                                                                                                   
                                           transaction                                                                                                                                                                                                                         
                                                                                     Number                                            Number                        Number                                                      Number of voting              % of  
                                                                                     of                                                of                            of shares                                                   rights                        voting 
                                                                                     Shares                                            Voting                                                                                                                  rights 
                                                                                                                                       Rights                                                                                                                  (x)   
                                                                                     Direct                                                                Direct (xi)          Indirect (xii)  Direct                           Indirect                      
 PAN                                       93 510 432                                                                        116 638 275                                                                              6.002%                                                   
                                           
                                                                                                                                                                                                                                                                               
 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.                                                                          
 NONE                                                                      N/A                           N/A                                                                    N/A                                                        N/A                                 
                                                                                                                                                                                                                                                                               
 C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv, xvi)                                                                                                                                                                           
 Resulting situation after the triggering transaction                                                                                                                                                                                                                          
 Type of financial                                     Exercise price                Expiration date (xvii)        Exercise/                                         Number of voting rights instrument refers to                % of voting rights (xix, xx)                  
 instrument                                                                                                        Conversion period (xviii)                                                                                                                                   
                                                                                                                                                                                                                                 Nominal                               Delta   
                                                                                                                             
                                                                                                                                                                                                                                                                               
 Total (A+B+C)                                                                                                                                                                                                                                                                 
 Number of voting rights                                                                                                                         Percentage of voting rights                                                                                                   
 116 638 275                                                                                                                                     6.002%                                                                                                                        
 9. Chain of controlled undertakings through which the voting rights and/or the                                                                                                                                                                                                
 financial instruments are effectively held, if applicable: (xxi)                                                                                                                                                                                                              
 N/A                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                               
 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:                                                                                                                     N/A                                                                                                                           
 14. Contact name:                                                                                                                               DEVILLIERS MAKONKO                                                                                                            
 15. Contact telephone number:                                                                                                                   012 742 3578                                                                                                                  
                                                                                                                                                                                                                                                                               



Copyright (c) 2017 PR Newswire Association,LLC. All Rights Reserved