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

Release Date: 12/07/2024 11:15
Code(s): PAN     PDF:  
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TR-1: Standard form for notification of major holdings

Pan African Resources PLC                     Pan African Resources Funding
(Incorporated and registered in England and   Company Limited
Wales under the Companies Act 1985 with       Incorporated in the Republic of South
registered number 3937466 on 25 February      Africa with limited liability
2000)                                         Registration number: 2012/021237/06
Share code on AIM: PAF                        Alpha code: PARI
Share code on JSE: PAN
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
  08-Jul-2024
6. Date on which Issuer notified
  11-Jul-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                   17.939200          0.000000             17.939200          343806393
  threshold was
  crossed or
  reached

  Position of
  previous
                          18.991100          0.000000             18.991100
  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          % of direct voting        % of indirect
shares ISIN          voting rights          indirect voting    rights (DTR5.1)           rights         
code(if possible)    (DTR5.1)               voting rights                                (DTR5.2.1)
                                            (DTR5.2.1)
                                          
GB0004300496           343806393                                  17.939200
Sub Total 8.A          343806393                                  17.939200%

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
      Ultimate            Name of       rights if it equals   through financial          equals or is
      controlling person  controlled    or is higher than     instruments if it equals   higher than the
                          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
11-Jul-2024
13. Place Of Completion
Cape Town


Rosebank

12 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 and debt officer         
 Cobus Loots                                                 Deon Louw
 Office: + 27 (0)11 243                                      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: 12-07-2024 11:15:00
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