Pan African Resources Plc - Director/PDMR Shareholding

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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 Resources” or the “Company”)

 

Pan African Resources Funding Company Limited

Incorporated in the Republic of South Africa with limited liability

Registration number: 2012/021237/06

Alpha code: PARI

 

 

 

DIRECTOR’S DEALINGS IN SECURITIES

 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

The Company announces it has received notification that Chief Executive Officer, Cobus Loots, bought 200,000 ordinary shares of 1p each in Pan African Resources on 26 May 2023 and entered into 200,000 contracts for difference (CFDs).

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Loots has an indirect beneficial interest of 5,048,504 ordinary shares, representing 0.2271% of the Company's issued share capital and a direct beneficial interest of 1,873,982 ordinary shares, representing 0.0843% of the Company's issued share capital and 314,280 open contracts for differences (CFDs).

The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements.

 

1.                    

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name:

Cobus Loots

 

2.                    

 

Reason for the notification

 

a)

 

Position/status:

Chief Executive Officer

b)

 

Initial notification/Amendment:

Initial notification

3.                    

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Company name:

Pan African Resources PLC

b)

 

LEI:

213800EAXURCXMX6RL85

4.                    

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument:

 

Trade 1:

Ordinary shares of 1p each

 

Identification code: GB0004300496

b)

 

Nature of the transaction:

Trade 1:

Acquisition of ordinary shares

Trade 2:

Acquisition of Contract for Difference derivate

c)

 

Price(s) and volume(s):

Trade 1:

200,000 ordinary shares at 13.20 pence per share

 

Trade 2:

Price(s)

(Pence per CFD)

Volume(s)

13.00

4,980

13.12

2,876

13.12

10,156

13.12

13,040

13.12

18,613

13.20

11,896

13.20

100,000

13.20

5,444

13.20

32,995

d)

 

Aggregated information:

 

Trade 1:

200,000 ordinary shares at 13.2 pence per share

Trade 2:

200,000 CFDs at 13.177 pence per share

e)

 

Dates of the transactions:

Trade 1 and 2:

26 May 2023

f)

 

Place of the transaction:

Trade 1:

London SETS

Trade 2:

OTC

 

Additional information disclosed in accordance with the JSE Listings Requirements:

a)

Nature of interest of executive:

Direct beneficial

b)

On-market or off-market:

On-market

c)

Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements:

Yes

d)

Total value of transactions

Trade 1:

GBP26,400 for ordinary shares

 Trade 2:

GBP26,354 for CFDs

e)

Holding following transactions:

Indirect beneficial 5,048,504 ordinary shares

Direct beneficial 1,873,982 ordinary shares  

314,280 open CFDs

 

 

Johannesburg

 

30 May 2023

 

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

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: + 27 (0)11 243 2900

info@paf.co.za

Registered office

2nd Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: + 44 (0)20 7796 8644

info@paf.co.za

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

Jane Kirton

St James's Corporate Services Limited

Office: + 44 (0)20 7796 8644

Nominated adviser and joint broker

Ross Allister/David McKeown

Peel Hunt LLP

Office: +44 (0)20 7418 8900

JSE Sponsor and JSE debt 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

 

Joint broker

Matthew Armitt/Jennifer Lee

Joh. Berenberg, Gossler & Co KG

Office: +44 (0)20 3207 7800