REG-Pan African Resources Plc: Transaction in Own Shares
26/04/2022 17:00
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 AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(“Pan African” or the “Company” or the “Group”)
PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES
Pan African, the South African gold producer, announces that on 26 April 2022,
in accordance with the terms of its share buyback programme announced on 1
April 2022 (the “Programme”) it purchased the following number of ordinary
shares of £0.01 each in the Company (“Ordinary Shares”) through Peel Hunt
LLP (“Peel Hunt”) and RMB Morgan Stanley (“RMBMS”). The shares
purchased will be cancelled.
Date of purchases 26 April 2022
Aggregate number of Ordinary Shares purchased 2,314,538
London Stock Exchange (“LSE”) purchases
Number of Ordinary Shares purchased on LSE 1,327,529
Lowest price paid per share (pence per share): 20.353
Highest price paid per share (pence per share): 20.74
Volume weighted average price paid per share (pence per share): 20.72
Johannesburg Stock Exchange (“JSE”) purchases
Number of Ordinary Shares purchased on JSE 987,009
Lowest price paid per share (ZAr per share): 401.00
Highest price paid per share (ZAr per share): 417.00
Volume weighted average price paid per share (ZAr per share): 412.78
Following the purchase, the Company will have 2,225,894,330 Ordinary Shares of
£0.01 each in issue, of which 306,358,058 Ordinary Shares are held in
treasury.
The above figure of 2,225,894,330 may be used by shareholders as the
denominator for calculating whether they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, the tables below contain detailed information of the individual
trades made by Peel Hunt as part of the Programme. The same information is
also included for the trades made by RMBMS.
Individual transactions on LSE:
Number of shares purchased Transaction price (pence per share) Time of transaction Execution venue
65,000 20.353 08:51:03 LSE
1,262,529 20.74 09:04:43 LSE
Individual transactions on JSE:
Number of shares purchased Transaction price (ZAr per share) Time of transaction Execution venue
11,820 401.00 09:00:41 JSE
10,835 407.00 09:04:39 JSE
11,304 405.00 09:19:34 JSE
11,146 404.00 09:21:06 JSE
10,202 407.00 09:30:35 JSE
19,530 409.00 09:32:37 JSE
10,403 408.00 09:32:37 JSE
5,549 413.00 09:50:16 JSE
10,881 413.00 09:51:43 JSE
12,180 413.00 09:51:43 JSE
12,492 411.00 10:04:03 JSE
8,582 411.00 10:17:57 JSE
2,269 411.00 10:17:57 JSE
38 412.00 10:23:59 JSE
7,570 412.00 10:23:59 JSE
10,836 410.00 10:27:45 JSE
11,703 410.00 10:27:45 JSE
10,364 411.00 10:40:56 JSE
1,597 413.00 10:46:57 JSE
10,265 413.00 10:46:57 JSE
467 417.00 10:57:18 JSE
3,380 417.00 10:57:18 JSE
6,909 417.00 10:57:18 JSE
10,806 415.00 10:59:36 JSE
10,843 415.00 10:59:36 JSE
10,050 414.00 10:59:36 JSE
10,624 414.00 10:59:36 JSE
10,145 414.00 11:24:51 JSE
410 414.00 11:31:04 JSE
2,044 414.00 11:31:15 JSE
6,536 414.00 11:36:57 JSE
3,668 414.00 11:36:57 JSE
10,320 415.00 11:38:30 JSE
12,151 416.00 11:44:43 JSE
10,313 416.00 11:52:09 JSE
2,614 416.00 11:53:24 JSE
61,943 415.00 11:59:11 JSE
16,881 415.00 12:00:12 JSE
8,197 415.00 12:17:26 JSE
2,613 415.00 12:17:26 JSE
3,004 415.00 12:23:35 JSE
8,956 415.00 12:23:35 JSE
987 415.00 12:30:56 JSE
8,581 415.00 12:30:56 JSE
2,624 415.00 12:30:56 JSE
2,501 415.00 12:38:48 JSE
9,669 415.00 12:38:48 JSE
6,363 415.00 12:46:31 JSE
5,172 415.00 12:46:31 JSE
30,812 414.00 12:55:34 JSE
10,050 414.00 12:55:34 JSE
11,595 412.00 13:18:35 JSE
11,354 412.00 13:18:35 JSE
10,059 411.00 13:18:57 JSE
11,128 410.00 13:39:24 JSE
6,553 410.00 13:46:04 JSE
3,893 410.00 13:46:04 JSE
5,687 410.00 13:52:27 JSE
5,985 410.00 13:52:27 JSE
5,238 410.00 13:59:25 JSE
5,353 410.00 13:59:25 JSE
28,871 408.00 14:03:14 JSE
3,020 410.00 14:21:39 JSE
8,893 410.00 14:21:39 JSE
703 410.00 14:28:02 JSE
10,059 410.00 14:28:02 JSE
1,407 409.00 14:28:45 JSE
11,010 410.00 14:34:18 JSE
2,600 409.00 14:37:01 JSE
524 410.00 14:41:59 JSE
10,528 410.00 14:41:59 JSE
1,050 409.00 14:44:06 JSE
1,037 411.00 14:48:40 JSE
11,230 411.00 14:48:40 JSE
31,089 410.00 14:49:58 JSE
3,518 412.00 15:13:28 JSE
6,130 412.00 15:13:28 JSE
14,642 414.00 15:17:57 JSE
8,156 414.00 15:17:57 JSE
5,151 414.00 15:20:57 JSE
4,927 414.00 15:20:57 JSE
3,024 414.00 15:25:05 JSE
3,273 414.00 15:25:05 JSE
127 414.00 15:27:42 JSE
13,494 415.00 15:37:21 JSE
23,190 415.00 15:37:21 JSE
20,673 415.00 15:37:21 JSE
1,267 415.00 15:48:53 JSE
181 414.00 15:59:47 JSE
33,690 414.00 16:00:29 JSE
34,024 414.00 16:00:29 JSE
10,650 413.00 16:12:36 JSE
11,529 414.00 16:19:44 JSE
20,000 414.00 16:21:37 JSE
10,295 415.00 16:39:59 JSE
3,961 417.00 16:47:28 JSE
10,601 417.00 16:47:48 JSE
623 417.00 16:47:48 JSE
1,589 417.00 16:47:48 JSE
49,444 417.00 16:47:48 JSE
1,198 417.00 16:47:48 JSE
13,587 415.00 16:48:46 JSE
The information contained in this update is the responsibility of the Pan
African board of directors and has not been reviewed or reported on by the
Group’s external auditors.
Rosebank
26 April 2022
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office The Firs Office 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 Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0) 20 7796 8644
Chief executive officer Cobus Loots Office: + 27 (0) 11 243 2900 Financial director Deon Louw Office: + 27 (0) 11 243 2900
Head: Investor relations Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za Website: www.panafricanresources.com
Company secretary Phil Dexter/Jane Kirton St James's Corporate Services Limited Office: + 44 (0) 20 7796 8644 Nominated Adviser and Joint Broker Ross Allister/Alexander Allen Peel Hunt LLP Office: +44 (0) 20 7418 8900
JSE Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 11 011 9200 Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0) 20 7236 1010
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