Pan African Resources Plc Director/PDMR Shareholding
May 30 2023 - 2:00AM
UK Regulatory
TIDMPAF
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 Financial Director, Deon
Louw, bought 230,000 ordinary shares of 1p each in Pan African Resources on 26
May 2023.
Following this transaction, which is detailed in the PDMR Notification Dealing
Form below, Mr Louw has an indirect beneficial interest of 3,122,349 ordinary
shares, representing 0.1405% of the Company's issued share capital and a direct
beneficial interest of 988,112 ordinary shares, representing 0.0445% of the
Company's issued share capital.
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/Amendment:| |
+--------------------+-----------------------+---------------------------------+
|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 |Ordinary shares of 1p each |
| |financial instrument, | |
| |type of instrument: |Identification code: GB0004300496|
+--------------------+-----------------------+---------------------------------+
|b) |Nature of the |Acquisition of ordinary shares |
| |transaction: | |
+--------------------+-----------------------+---------------------------------+
|c) |Price(s) and volume(s):| |
| | |+--------------------+---------+ |
| | ||Price(s) |Volume(s)| |
| | || | | |
| | ||(ZA cents per share)| | |
| | |+--------------------+---------+ |
| | ||325.00 |3,000 | |
| | |+--------------------+---------+ |
| | ||326.00 |50,000 | |
| | |+--------------------+---------+ |
| | ||327.00 |10,000 | |
| | |+--------------------+---------+ |
| | ||327.00 |15,000 | |
| | |+--------------------+---------+ |
| | ||330.00 |100,000 | |
| | |+--------------------+---------+ |
| | ||330.00 |20,000 | |
| | |+--------------------+---------+ |
| | ||332.00 |15,000 | |
| | |+--------------------+---------+ |
| | ||333.00 |7,000 | |
| | |+--------------------+---------+ |
| | ||334.00 |10,000 | |
| | |+--------------------+---------+ |
+--------------------+-----------------------+---------------------------------+
|d) |Aggregated information:|230,000 ordinary shares |
| | | |
| | |VWAP ZA 329.13 cents per share |
+--------------------+-----------------------+---------------------------------+
|e) |Dates of the |26 May 2023 |
| |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: |Direct beneficial |
+--+--------------------------------------+-----------------------+
|b)|On-market or off-market: |On-market |
+--+--------------------------------------+-----------------------+
|c)|Clearance given in terms of paragraph |Yes |
| |3.66 of the JSE Listings Requirements:| |
+--+--------------------------------------+-----------------------+
|d)|Total value of transaction |ZAR 757,010.00 |
+--+--------------------------------------+-----------------------+
|e)|Holding following transactions: |Indirect beneficial |
| | |3,122,349 ordinary |
| | |shares, |
| | | |
| | |Direct beneficial |
| | |988,112 ordinary shares|
+--+--------------------------------------+-----------------------+
Johannesburg
30 May 2023
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
+----------------------------------------------+--------------------------------
-------------+
|Corporate information
|
+----------------------------------------------+--------------------------------
-------------+
|Corporate office |Registered office
|
| |
|
|The Firs Office 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 |Office: + 27 (0)11 243
|
|2900
|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/David McKeown
|
| |
|
|St James's Corporate Services Limited |Peel Hunt LLP
|
| |
|
|Office: + 44 (0)20 7796 8644 |Office: +44 (0)20 7418 8900
|
+----------------------------------------------+--------------------------------
-------------+
|JSE Sponsor and JSE debt sponsor |Joint broker
|
| |
|
|Ciska Kloppers |Thomas Rider/Nick Macann
|
| |
|
|Questco Corporate Advisory Proprietary |BMO Capital Markets Limited
|
|Limited |
|
| |Office: +44 (0)20 7236 1010
|
|Office: + 27 (0)11 011 |
|
|9200 (https://www.google.co.za/search?q=questc|
|
| |
|
|o |
|
|&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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