Pan African Pan African Resources Funding
Resources PLC Company Limited
(Incorporated Incorporated in the Republic of
and South Africa with limited
registered in liability
England and
Wales under Registration number:
the Companies 2012/021237/06
Act 1985 with
registered Alpha code: PARI
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")
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, disposed of 300,000 ordinary shares of 1p each in Pan African
Resources on 27 June 2024.
The Company also announces that it has received notification that on 28 June
2024, LTS Ventures (Pty) Ltd, an entity associated with Chief Executive Officer
Cobus Loots, entered into the following transactions:
· Collar transactions for 500,000 ordinary shares of 1p each in Pan African
Resources
· The advance of a loan of ZAR 2,085,932 for a term of 2 years with 500,000
shares pledged as security for the loan and the dividend on these secured shares
sacrificed for the loan's tenure.
Following these transactions, Mr Loots has an indirect beneficial interest of
5,896,248 ordinary shares, representing 0.2653 % of the Company's issued share
capital and a direct beneficial interest of 1,573,982 ordinary shares,
representing 0.0708% 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 |Initial notification
|
| ||notification/Amen|
|
| ||dment: |
|
+--------------------++-----------------+--------------------------------------
-+
|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 |Ordinary shares of 1p each
|
| ||the financial |
|
| ||instrument, type |Identification code: GB0004300496
|
| ||of instrument: |
|
+--------------------++-----------------+--------------------------------------
-+
|b) ||Nature of the |Trade 1: Disposal of shares
|
| ||transaction: |
|
| || |Trade 2: Collar structure
|
| || |
|
| || |Trade 3: Security for loan
|
+--------------------++-----------------+--------------------------------------
-+
|c) ||Price(s) and |Trade 1: Disposal of 300,000 shares.
|
| ||volume(s): |VWAP ZA 612.97 cents per share.
|
| || |
|
| || |+--------------------+---------+
|
| || ||Price(s) |Volume(s)|
|
| || || | |
|
| || ||(ZA cents per share)| |
|
| || |+--------------------+---------+
|
| || ||612.45 |200,000 |
|
| || |+--------------------+---------+
|
| || ||614.00 |100,000 |
|
| || |+--------------------+---------+
|
| || |
|
| || |Trade 2: Collar structure over 500,000
|
| || |shares. Put option strike price
|
| || |(bought) ZA494.4 cents per share. Call
|
| || |option strike price (sold) ZA 959.0
|
| || |cents per share.
|
| || |
|
| || |Trade 3: Pledged 500,000 shares with a
|
| || |dividend sacrifice as security for a 2
|
| || |year term loan of ZAR 2,085,932.00 .
|
+--------------------++-----------------+--------------------------------------
-+
|d) ||Aggregated |Trade 1: Disposal value of
ZAR1,838,902|
| ||information: |
|
| || |Trade 2: Collar structure over 500,000
|
| || |shares
|
| || |
|
| || |Trade 3: Loan amount ZAR2,085,932.00
|
+--------------------++-----------------+--------------------------------------
-+
|e) ||Dates of the |Trade 1: 27 June 2024
|
| ||transactions: |
|
| || |Trade 2 and 3: 28 June 2024
|
+--------------------++-----------------+--------------------------------------
-+
|f) ||Place of the |Johannesburg Stock Exchange
|
| ||transaction: |
|
+--------------------++-----------------+--------------------------------------
-+
Additional information disclosed in accordance with the JSE Listings
Requirements:
+--+--------------------------------------+-------------------+
|a)|Nature of interest of executive: |Trade 1: Direct |
| | |beneficial |
| | | |
| | |Trade 2: Indirect |
| | |beneficial |
| | | |
| | |Trade 3: Indirect |
| | |beneficial |
+--+--------------------------------------+-------------------+
|b)|On-market or off-market: |Trade 1: On-market |
| | | |
| | |Trade 2: Off-market|
| | | |
| | |Trade 3: Off-market|
+--+--------------------------------------+-------------------+
|c)|Clearance given in terms of paragraph |Yes |
| |3.66 of the JSE Listings Requirements:| |
+--+--------------------------------------+-------------------+
|d)|Total value of transactions |Trade 1: |
| | |ZAR1,838,902.00 |
| | | |
| | |Trade 2: No premium|
| | | |
| | |Trade 3: |
| | |ZAR2,085,932.00 |
+--+--------------------------------------+-------------------+
|e)|Holding following transactions: |Indirect beneficial|
| | |5,896,248 ordinary |
| | |shares |
| | | |
| | |Direct beneficial |
| | |1,573,982 ordinary |
| | |shares |
| | | |
| | |314,280 open CFDs |
+--+--------------------------------------+-------------------+
Johannesburg
2 July 2024
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
+-----------------------------------------------+---------------------------+
|Corporate information |
+-----------------------------------------------+---------------------------+
|Corporate office |Registered office |
| | |
|The Firs Building |2nd Floor |
| | |
|2nd Floor, Office 204 |107 Cheapside |
| | |
|Cnr. Cradock and Biermann Avenues |London |
| | |
|Rosebank, Johannesburg |EC2V 6DN |
| | |
|South Africa |United Kingdom |
| | |
|Office: + 27 (0)11 243 2900 |Office: + 44 (0)20 7796 |
| |8644 |
|info@paf.co.za | |
| |info@paf.co.za |
+-----------------------------------------------+---------------------------+
|Chief executive officer |Financial director |
| | |
|Cobus Loots |Deon Louw |
| | |
|Office: + 27 (0)11 243 2900 |Office: + 27 (0)11 243 2900|
+-----------------------------------------------+---------------------------+
|Head: Investor relations |Website: |
| |www.panafricanresources.com|
|Hethen Hira | |
|Tel: + 27 (0)11 243 2900 | |
|E-mail: hhira@paf.co.za | |
+-----------------------------------------------+---------------------------+
|Company secretary |Nominated adviser and joint|
| |broker |
|Jane Kirton | |
| |Ross Allister/Georgia |
|St James's Corporate Services Limited |Langoulant |
| | |
|Office: + 44 (0)20 7796 8644 |Peel Hunt LLP |
| | |
| |Office: +44 (0)20 7418 8900|
+-----------------------------------------------+---------------------------+
|JSE Sponsor and JSE debt sponsor |Joint broker |
| | |
|Ciska Kloppers |Thomas Rider/Nick Macann |
| | |
|Questco Corporate Advisory Proprietary Limited |BMO Capital Markets Limited|
| | |
|Office: + 27 (0)11 011 |Office: +44 (0)20 7236 1010|
|9200 (https://www.google.co.za/search?q=questco| |
|&rlz=1C1EJFC_enZA816ZA818&oq=q | |
|uestco&aqs=chrome..69i57j0l5.1 | |
|159j0j4&sourceid=chrome&ie=UTF-8) | |
+-----------------------------------------------+---------------------------+
| |Joint broker |
| | |
| |Matthew Armitt/Jennifer Lee|
| | |
| |Joh. Berenberg, Gossler & |
| |Co KG |
| | |
| |Office: +44 (0)20 3207 7800|
+-----------------------------------------------+---------------------------+
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