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PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Release Date: 12/11/2020 14:22
Code(s): PAN     PDF:  
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Director’s dealings in securities

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African Resources or the Company)


                           DEALING NOTIFICATION FORM
                         CLOSELY ASSOCIATED PERSONS

The Company announces it has received notification that on 9 and 10 November 2020, LTS
Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, bought
3,050,935 ordinary shares of 1p each in Pan African Resources and Mr Cobus Loots settled
long contracts for difference (CFDs) in his personal capacity.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Loots has an indirect beneficial interest of 3,050,935 ordinary shares, representing
0.1365% of the Company's issued share capital and a direct beneficial interest of 1,571,747
ordinary shares, representing 0.0703% of the Company's issued share capital and 114,280
open CFDs.

The below information and notification is made in accordance with the EU Market Abuse

 1.                       Details of the person
                          discharging managerial
                          responsibilities/person closely

 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

a)   Description of the financial      Ordinary shares of 1p each
     instrument, type of instrument:

                                       Identification code:

b)   Nature of the transaction:        Trade 1:
                                       Acquisition of ordinary shares
                                       by an associate of Cobus
                                       Loots, namely LTS Ventures
                                       (Pty) Ltd, of which he is the
                                       sole director
                                       Trade 2:
                                       Acquisition of ordinary shares
                                       by an associate of Cobus
                                       Loots, namely LTS Ventures
                                       (Pty) Ltd, of which he is the
                                       sole director
                                       Trade 3:
                                       Settlement of long contracts for
                                       difference (CFDs) entered into
                                       on 29 September 2017 and
                                       22 February 2018

c)   Price(s) and volume(s):           Trade 1:
                                       2,399,500 ordinary shares
                                       VWAP ZA 474.87 cents per
                                       Low ZA 459.00 cents per share
                                       High ZA 500.00 cents per share

                                       Trade 2:
                                       651,435 ordinary shares
                                       VWAP ZAR 456.83 cents per
                                       Low ZAR 446.00 cents per
                                       High ZAR 467.00 cents per

                                       Trade 3:
                                                                400,000 CFDs settled
                                                                Closed price GBP 21.90 pence
                                                                per share

 d)                         Aggregated information:             Trade 1:
                                                                ZAR 11 394 505.65 for ordinary
                                                                Trade 2:
                                                                ZAR 2 975 950.51 for ordinary
                                                                Trade 3:
                                                                GBP 46,104.65 trade profit
                                                                (excl. costs) earned on the
                                                                settlement of the CFDs

 e)                         Dates of the transactions:          Trade 1:
                                                                9 November 2020
                                                                Trade 2:
                                                                10 November 2020
                                                                Trade 3:
                                                                10 November 2020

 f)                         Place of the transaction:           Johannesburg Stock Exchange
                                                                for ordinary shares and London
                                                                Stock Exchange for CFD

Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                       Trade 1:
                                                               Indirect beneficial
                                                               Trade 2:
                                                               Indirect beneficial
                                                               Trade 3:
                                                               Direct beneficial

 b)     On-market or off-market:                               On-market

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

 d)     Holding following transactions:                        Indirect beneficial 3,050,935
                                                               ordinary shares
                                                               Direct beneficial 1,571,747
                                                               ordinary shares
                                                               114,280 open CFDs
12 November 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 12-11-2020 02:22:00
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