REG-Pan African Resources Plc: Transaction in Own Shares
09/05/2022 07:15
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 6 May 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 6 May 2022
Aggregate number of Ordinary Shares purchased 2,675,817
London Stock Exchange (“LSE”) purchases
Number of Ordinary Shares purchased on LSE 1,603,508
Lowest price paid per share (pence per share): 22.095
Highest price paid per share (pence per share): 22.24
Volume weighted average price paid per share (pence per share): 22.12817
Johannesburg Stock Exchange (“JSE”) purchases
Number of Ordinary Shares purchased on JSE 1,072,309
Lowest price paid per share (ZAr per share): 435.00
Highest price paid per share (ZAr per share): 424.00
Volume weighted average price paid per share (ZAr per share): 431.16
Following the purchase, the Company will have 2,223,207,520 Ordinary Shares of
£0.01 each in issue, of which 306,358,058 Ordinary Shares are held in
treasury.
The above figure of 2,223,207,520 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
250,000 22.12 14:05:13 LSE
323,717 22.24 14:37:42 LSE
1,029,791 22.095 14:52:27 LSE
Individual transactions on JSE:
Number of shares purchased Transaction price (ZAr per share) Time of transaction Execution venue
29,463 433.00 09:07:11 JSE
3,327 432.00 09:19:40 JSE
6,800 432.00 09:19:40 JSE
5,010 431.00 09:23:59 JSE
18,697 429.00 09:23:59 JSE
1,398 429.00 09:23:59 JSE
10,314 428.00 09:28:01 JSE
101 428.00 09:28:01 JSE
7,500 425.00 09:45:10 JSE
2,550 425.00 09:45:10 JSE
6,430 425.00 09:50:02 JSE
1,904 425.00 09:50:02 JSE
6,445 430.00 10:00:24 JSE
13,849 430.00 10:00:24 JSE
1,266 430.00 10:03:47 JSE
10,000 430.00 10:03:47 JSE
5,000 426.00 10:04:17 JSE
4,781 426.00 10:04:18 JSE
8,934 430.00 10:13:19 JSE
2,887 430.00 10:13:19 JSE
11,497 428.00 10:18:52 JSE
11,737 428.00 10:24:06 JSE
8,600 430.00 10:29:25 JSE
3,301 430.00 10:29:25 JSE
2,442 430.00 10:35:19 JSE
3,530 430.00 10:35:19 JSE
5,500 430.00 10:35:19 JSE
10,075 427.00 10:46:13 JSE
11,449 427.00 10:46:22 JSE
9,209 424.00 10:51:33 JSE
5,796 424.00 10:56:08 JSE
5,739 424.00 10:56:08 JSE
5,004 424.00 11:02:02 JSE
6,007 424.00 11:02:02 JSE
12,776 427.00 11:31:36 JSE
10,300 427.00 11:31:36 JSE
2,297 426.00 11:31:36 JSE
5,285 428.00 11:33:20 JSE
25,630 428.00 11:33:20 JSE
12,247 430.00 11:52:59 JSE
21,911 430.00 11:52:59 JSE
89 430.00 11:55:40 JSE
9,835 430.00 11:57:40 JSE
10,480 428.00 12:00:21 JSE
8,867 431.00 12:35:05 JSE
1,847 431.00 12:35:05 JSE
42,304 431.00 12:35:05 JSE
10,108 431.00 12:36:14 JSE
11,246 431.00 12:41:51 JSE
10,515 431.00 12:48:04 JSE
11,812 431.00 12:53:44 JSE
11,822 431.00 13:00:24 JSE
101 431.00 13:00:24 JSE
11,234 431.00 13:06:40 JSE
11,354 430.00 13:12:34 JSE
10,785 430.00 13:18:36 JSE
10,572 430.00 13:24:10 JSE
1,822 430.00 13:29:41 JSE
8,602 430.00 13:29:41 JSE
11,090 430.00 13:39:49 JSE
10,237 430.00 13:45:25 JSE
10,100 431.00 13:50:43 JSE
11,946 430.00 13:55:48 JSE
11,294 430.00 14:01:49 JSE
11,235 430.00 14:07:42 JSE
1,103 432.00 14:12:58 JSE
4,271 432.00 14:12:58 JSE
5,000 432.00 14:12:58 JSE
150 430.00 14:21:24 JSE
1,917 432.00 14:30:40 JSE
31,800 432.00 14:30:40 JSE
3,512 432.00 14:33:28 JSE
7,636 432.00 14:33:28 JSE
10,348 432.00 14:38:15 JSE
5,612 433.00 14:44:32 JSE
5,672 433.00 14:44:32 JSE
10,173 435.00 14:48:33 JSE
2,164 433.00 14:51:46 JSE
18,068 433.00 14:51:46 JSE
10,180 433.00 14:51:46 JSE
7,317 433.00 15:04:10 JSE
11,084 435.00 15:08:06 JSE
30,388 433.00 15:16:25 JSE
6,577 434.00 15:39:47 JSE
11,074 434.00 15:39:47 JSE
3,948 434.00 15:41:00 JSE
5,044 434.00 15:41:00 JSE
5,206 434.00 15:41:00 JSE
10,108 431.00 15:51:11 JSE
10,278 431.00 15:51:11 JSE
10,347 431.00 15:51:11 JSE
10,076 431.00 15:51:11 JSE
4,540 431.00 16:05:00 JSE
15,088 431.00 16:05:00 JSE
3,408 431.00 16:06:13 JSE
6,800 431.00 16:06:13 JSE
8,240 431.00 16:08:32 JSE
5,000 431.00 16:16:08 JSE
53,875 435.00 16:28:45 JSE
55,555 435.00 16:28:45 JSE
9,911 435.00 16:39:26 JSE
11,230 435.00 16:40:48 JSE
47,916 434.00 16:41:49 JSE
24,094 434.00 16:41:49 JSE
1,314 433.00 16:48:27 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
9 May 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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