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

Release Date: 25/09/2024 09:00
Code(s): PAN PARS01 PARS02     PDF:  
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TR-1: Standard form for notification of major holdings

Pan African Resources PLC                               Pan African Resources Funding Company
(Incorporated and registered in England and Wales       Limited
under the Companies Act 1985 with registered            Incorporated in the Republic of South Af-
number 3937466 on 25 February 2000)                     rica with limited liability
Share code on AIM: PAF                                  Registration number: 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

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i

1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are at-                       PAN AFRICAN RESOURCES PLC
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights                                                                          X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv
Name                                                           Van Eck Associates Corporation

City and country of registered office (if applicable)          New York, NY USA

4. Full name of shareholder(s) (if different from 3.)v
                                                               ESB Pension Fund GDX
                                                               VanEck Gold Miners ETF
Name
                                                               VanEck Gold Miners ETF (AU)
                                                               VanEck Gold Miners UCITS ETF
City and country of registered office (if applicable)

5. Date on which the threshold was crossed or
                                                               20/09/2024
reached vi:

6. Date on which issuer notified (DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation
                         % of voting rights at-   % of voting rights                                Total number of                       
                         tached to shares (to-    through financial instru-    Total of both in %   voting rights held                       
                         tal of 8.                ments                        (8.A + 8.B)          in issuer (8.A +                       
                                                  (total of 8.B 1 + 8.B 2)                          8.B) vii
Resulting situation
on the date on which     5.901%                                                5.901%                113,098,953
threshold was
crossed or reached

Position of previous
notification (if          N/A
applicable)


8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of             Number of voting rights ix                      % of voting rights
shares
ISIN code (if possible)   Direct                 Indirect                 Direct                   Indirect
                          (Art 9 of Directive    (Art 10 of Directive     (Art 9 of Directive      (Art 10 of Directive
                          2004/109/EC) (DTR5.1)  2004/109/EC)             2004/109/EC) (DTR5.1)    2004/109/EC)
                                                 (DTR5.2.1)                                        (DTR5.2.1)
Common Stock              113,098,953                                     5.901%
GB0004300496

SUBTOTAL 8. A             113,098,953                                     5.901%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
                                                                              Number of voting rights
Type of financial in-      Expiration        Exercise/                        that may be acquired if   % of voting rights
strument                   date x            Conversion Period xi             the instrument is
                                                                              exercised/converted.

                                             SUBTOTAL 8. B 1


B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Type of financial      Expiration            Exercise/            Physical or     Number of           % of voting rights                                         
instrument             date x                Conversion Pe-       cash            voting rights                                                          
                                             riod xi              settlement xii
                                                                                                                        
                                                                  SUBTOTAL
                                                                  8.B.2


9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
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 xiii

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv       X
(please add additional rows as necessary)                                                          
                                 % of voting rights if it       % of voting rights               Total of both if it                                                         
                                 equals or is higher            through financial in-            equals or is higher
Name xv                          than the notifiable            struments if it equals           than the notifiable                                                                           
                                 threshold                      or is higher than the            threshold                                                                                      
                                                                notifiable threshold
ESB Pension Fund GDX             0.048%                                                           0.048%

VanEck Gold Miners               5.324%                                                           5.324%
ETF
VanEck Gold Miners               0.136%                                                           0.136%
ETF (AU)
VanEck Gold Miners               0.393%                                                           0.393%
UCITS ETF




10. In case of proxy voting, please identify:
Name of the proxy holder                                         Glass Lewis

The number and % of voting rights held                           113,098,953 shares and 5.901% voting rights

The date until which the voting rights will be held              Open



11. Additional information xvi

Place of completion          Tampa, FL. USA

Date of completion           23 September 2024

   
Rosebank

25 September 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                                        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 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: + 27 (0)11 011 9200                        Office: +44 (0)20 7236 1010

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


Date: 25-09-2024 09:00:00
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