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

Pan African ResourcesAnnouncement

23/02/2018 11:21

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                                                                                                                                      YES          
 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                                            ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED                                                 
 notification obligation: (iii)                                                                                                                                                                
 4. Full name of shareholder(s) (if different from 3.): (iv)                                                                                                                                   
 5. Date of the transaction and date on                                                                                                                                       20 FEBRUARY 2018 
 which the threshold is crossed or                                                                                                                                                             
 reached: (v)                                                                                                                                                                                  
 6. Date on which issuer notified:                                                                                                                                                             
 7. Threshold(s) that is/are crossed or                                                                                                                                                    10% 
 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                                votin 
                                                                 Shares                                Voting                                                                                                  g    
                                                                                                       Rights                                                                                                  right 
                                                                                                                                                                                                               s (x) 
                                                       Direct              Direct (xi)                 Indirect (xii)  Direct                              Indirect                    
                                           207 795 358                     207 795 358                                 233 311 944           233 311 944                               10.4405%                                              
                                           
                                                                                                                                                                                                                                             
 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 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                                                                                
 233 311 944                                                                                                                      10.4405%                                                                                                   
                                                                                                                                                                                                                                             

   

 9. Chain of controlled undertakings through which the voting rights and/or the  
 financial instruments are effectively held, if applicable: (xxi)      
                                                                       
                                                                       
 Proxy Voting:                                                         
 10. Name of the proxy holder:                                         
 11. Number of voting rights proxy holder will cease                   
 to hold:                                                              
 12. Date on which proxy holder will cease to hold                     
 voting rights:                                                        
                                                                       
 13. Additional information:                                           
 14. Contact name:              Nelia de Beer                          
 15. Contact telephone number:  +27 87 736 1732                        
                                                                       



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