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 that it has received notification that on 28 June 2024,
the Finance Director Deon Louw, entered into the following transactions:
· The transfer of 2000 000ordinary shares from Figit (Pty) Ltd, an entity
associated with Deon Louw, into his own name
· Collar transaction for 2,000,000 ordinary shares of 1p each in Pan African
Resources
· The advance of a loan of ZAR 11,122,505.00 for a term of 1 year with
2,000,000 shares pledged as security for the loan and the dividend on these
secured shares sacrificed for the loan's tenure.
Following these transactions, which is detailed in the PDMR Notification Dealing
Form below, Mr Louw has an indirect beneficial interest of 245,209 ordinary
shares, representing 0.0110% of the Company's issued share capital and a direct
beneficial interest of 4,728,254 ordinary shares, representing 0.2127% of the
Company's issued share capital.
Whereas the announcement on dealings by the Financial Director Deon Louw, dated
10 May 2024, made reference to the transfer of 2,000,000 shares from Figit (Pty)
Ltd into his own name, the actual amount of shares transferred was only 877,140
shares, as he already held 1,122,860 shares in his own name at that time.
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: |Deon Louw
|
+--------------------+-----------------+---------------------------------------
-+
|2. |Reason for the |
|
| |notification |
|
+--------------------+-----------------+---------------------------------------
-+
|a) |Position/status: |Finance Director
|
+--------------------+-----------------+---------------------------------------
-+
|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: Transfer
|
| |transaction: |
|
| | |Trade 2: Collar structure
|
| | |
|
| | |Trade 3: Security for loan
|
+--------------------+-----------------+---------------------------------------
-+
|c) |Price(s) and |Trade 1: Transfer 2,000,000 ordinary
|
| |volume(s): |shares for nil consideration
|
| | |
|
| | |Trade 2: Collar structure over
2,000,000|
| | |shares. Put option strike price
(bought)|
| | |ZA607 cents per share and call option
|
| | |strike price (sold) ZA 698 cents per
|
| | |share for 2,000,000 shares.
|
| | |
|
| | |Trade 3: Pledged 2,000,000 shares with
a|
| | |dividend sacrifice as security for a 1
|
| | |year term loan of ZAR 11,122,505.00
|
+--------------------+-----------------+---------------------------------------
-+
|d) |Aggregated |Trade 1: Transfer 2,000,000 ordinary
|
| |information: |shares for nil consideration
|
| | |
|
| | |Trade 2: Collar structure over
2,000,000|
| | |shares
|
| | |
|
| | |Trade 3: Loan amount ZAR11,122,505
|
+--------------------+-----------------+---------------------------------------
-+
|e) |Dates of the |28 June 2024
|
| |transaction: |
|
+--------------------+-----------------+---------------------------------------
-+
|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: Direct |
| | |beneficial |
| | | |
| | |Trade 3: Direct |
| | |beneficial |
+--+--------------------------------------+-------------------+
|b)|On-market or off-market: |Trade 1: Off-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 transaction |Trade 1: Nil |
| | |consideration |
| | | |
| | |Trade 2: No premium|
| | | |
| | |Trade 3: |
| | |ZAR11,122,505.00 |
+--+--------------------------------------+-------------------+
|e)|Holding following transactions: |Indirect beneficial|
| | |245,209 ordinary |
| | |shares, |
| | | |
| | |Direct beneficial |
| | |4,728,254 ordinary |
| | |shares |
+--+--------------------------------------+-------------------+
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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