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REG-Pan African Resources Plc: Holding(s) in Company

TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS   (to be sent to the relevant issuer  and  to the FCA in Microsoft Word format if possible) i                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                                                       
 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached  ii  :                                                         Pan African Resources PLC    (Incorporated and registered in England and Wales    under the Companies Act 1985 with registration    number 3937466 on 25 February 2000)    Share code on AIM: PAF    Share code on JSE: PAN    ISIN: GB0004300496           
 1b. Please indicate if the issuer is a non-UK issuer    (please mark with an “X” if appropriate)                                                                                                                                                                                                                                                                                                                                      
 Non-UK issuer                                                                                                                                                                                                                                                                                                                                                                                                                         
 2. Reason for the notification  (please mark the appropriate box or boxes with an “X”)                                                                                                                                                                                                                                                                                                                                                
 An acquisition or disposal of voting rights                                                                                                                                                                                                                                                                                                                            X                                                              
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                                                                                                                                                   
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                                                                                                                                                                      
 Other (please specify) iii :                                                                                                                                                                                                                                                                                                                                                                                                          
 3. Details of person subject to the notification obligation  iv                                                                                                                                                                                                                                                                                                                                                                       
 Name                                                                                                                                                                      Peregrine Capital (Pty) Ltd                                                                                                                                                                                                                                 
 City and country of registered office (if applicable)                                                                                                                     Johannesburg, SOUTH AFRICA.                                                                                                                                                                                                                                 
 4. Full name of shareholder(s)  (if different from 3.) v                                                                                                                                                                                                                                                                                                                                                                              
 Name                                                                                                                                                                                                                                                                                                                                                                                                                                  
 City and country of registered office (if applicable)                                                                                                                                                                                                                                                                                                                                                                                 
 5. Date on which the threshold was crossed or reached  vi  :                                                                                                              20/02/2026                                                                                                                                                                                                                                                  
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                            24/02/2026                                                                                                                                                                                                                                                  
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                                                                                                                                                                
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments                                                       Total of both in % (8.A + 8.B)                                 Total number of voting rights of issuer vii                                                                                   
                                                                                                                                    (total of 8.B 1 + 8.B 2)                                                                                                                                                                                                                                                                           
 Resulting situation on the date on which threshold was crossed or reached  4.69                                                   0                                                                                                      4.69                                                           109,445,937                                                                                                                   
 Position of previous notification (if  applicable)                         5.65                                                   0                                                                                                      5.65                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                       

 

 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached  viii                                                                                                                                                                                               
 A: Voting rights attached to shares                                                                                                                                                                                                                                                                          
 Class/type of                                     Number of voting rights  ix                                                                                                       % of voting rights                                                                                                       
  shares   ISIN code (if possible)                                                                                                                                                                                                                                                                            
                                                   Direct   (Art 9 of Directive 2004/109/EC) (DTR5.1)      Indirect   (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                   Direct   (Art 9 of Directive 2004/109/EC) (DTR5.1)              Indirect   (Art 10 of Directive 2004/109/EC) (DTR5.2.1)  
 GB0004300496                                      109,445,937                                                                                                                       4.69                                                                                                                     
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              
 SUBTOTAL 8. A                                     109,445,937                                                                                                                       4.69                                                                                                                     
                                                                                                                                                                                                                                                                                                              
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))                                                                                                                                                                                                              
 Type of financial instrument                      Expiration                  Exercise/                                                             Number of voting rights that may be acquired if the instrument is   exercised/converted.        % of voting rights                                       
                                                    date  x                     Conversion Period  xi                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              
                                                                               SUBTOTAL 8. B 1                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                              
 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))                                                                                                                                                                                 
 Type of financial instrument  Expiration                                      Exercise/                                        Physical or cash   settlement  xii                                                   Number of voting rights         % of voting rights                                       
                                date  x                                         Conversion Period  xi                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              
                                                                                                                                SUBTOTAL 8.B.2                                                                                                                                                                
                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                              

 

 9. Information in relation to the person subject to the notification obligation  (please mark the  applicable box with an “X”)                                                                                                                                                                                                                 
 Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii                                                                                                                 
 Full  chain of controlled undertakings through which the voting rights and/or the                                                                                                                                                                                                                                                              
  financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv (please add additional rows as necessary)                                                                                                                                                                                
 Name  xv                                                  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold                          
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
 10.  In case of proxy voting, please identify:                                                                                                                                                                                                                                                                                                 
 Name of the proxy holder                                                                                                                                                                                                                                                                                                                       
 The number and % of voting rights held                                                                                                                                                                                                                                                                                                         
 The date until which the voting rights will be held                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                
 11. Additional information  xvi                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                

 

 Place of completion  JOHANNESBURG, SOUTH AFRICA  
 Date of completion   24/02/2026                  

 



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