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PAN-AF:  869   +5 (+0.58%)  22/10/2024 18:13

PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings

Release Date: 22/10/2024 12:30
Code(s): PAN PARS01 PARS03 PARS02     PDF:  
Wrap Text
TR-1: Standard form for notification of major holdings

Pan African Resources PLC                   Pan African Resources Funding
(Incorporated and registered in England     Company Limited
and Wales under the Companies Act 1985      Incorporated in the Republic of
with registered number 3937466 on 25        South Africa with limited liability
February 2000)                              Registration number:
Share code on AIM: PAF                      2012/021237/06
Share code on JSE: PAN                      Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African" or the "Company" or the
"Group")

TR-1: Standard form for notification of major holdings

1. Issuer Details
   ISIN
   GB0004300496
   Issuer Name
   PAN AFRICAN RESOURCES PLC
   UK or Non-UK Issuer
   UK
2. Reason for Notification
   An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
   Name
   Allan Gray Proprietary Limited
   City of registered office (if applicable)
   Cape Town
   Country of registered office (if applicable)
   South Africa
4. Details of the shareholder
   Full name of shareholder(s) if different from the person(s)
   subject to the notification obligation, above

   City of registered office (if applicable)

   Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
   17-Oct-2024
6. Date on which Issuer notified
   22-Oct-2024
7. Total positions of person(s) subject to the notification
  obligation
                                            % of voting
                         % of voting        rights through                           Total number of                                  
                         rights attached    financial            Total of both in    voting rights                                                          
                         to shares (total   instruments          % (8.A + 8.B)       held in issuer                                                    
                         of 8.A)            (total of 8.B 1 +
                                            8.B 2)

  Resulting
  situation on
  the date on
  which                   16.963800          0.000000             16.963800          325111086
  threshold was
  crossed or
  reached

  Position of
  previous
                          17.939200          0.000000             17.939200
  notification (if
  applicable)

8.Notified details of the resulting situation on the date on which
  the threshold was crossed or reached
8A. Voting rights attached to shares
                                      
Class/Type of        Number of direct       Number of                                             
shares ISIN          voting rights          indirect voting     % of direct voting    % of indirect
code(if possible)    (DTR5.1)               rights              rights (DTR5.1)       voting rights
                                            (DTR5.2.1)                                (DTR5.2.1)
                                                                                     

GB0004300496           325111086                                  16.963800

Sub Total 8.A          325111086                                  16.963800%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                        Number of voting rights that        % of                                                                                     
Type of financial    Expiration Exercise/conversion     may be acquired if the               voting                                                                              
instrument           date       period                  instrument is                        rights                                                                     
                                                        exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
                                                                       
Type of          Expiration   Exercise/conversion     Physical or cash    Number of       % of
financial        date         period                  settlement          voting rights   voting         
instrument                                                                                rights
Sub Total 8.B2

9. Information in relation to the person subject to the
notification obligation
1. Person subject to the notification obligation is not controlled by any
   natural person or legal entity and does not control any other
   undertaking(s) holding directly or indirectly an interest in the
   (underlying) issuer.
                                     % of voting           % of voting rights         Total of both if it
                       Name of       rights if it equals   through financial          equals or is
    Ultimate           controlled    or is higher than     instruments if it equals   higher than the    
    controlling person undertaking   the notifiable        or is higher than the      notifiable
                                     threshold             notifiable threshold       threshold


10. In case of proxy voting
    Name of the proxy holder

    The number and % of voting rights held

    The date until which the voting rights will be held

11. Additional Information

12. Date of Completion
    22-Oct-2024
13. Place Of Completion
    Cape Town, South Africa

Rosebank

22 October 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 and debt officer
Cobus Loots                              Marileen Kok
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 Langoulant
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

                                         Joint broker
                                         Matthew Armitt/Jennifer Lee
                                         Joh. Berenberg, Gossler & Co KG
                                         Office: +44 (0)20 3207 7800

Date: 22-10-2024 12:30:00
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