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

Release Date: 28/01/2025 11:40
Code(s): PAN PARS01 PARS02 PARS03     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     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
   
   22-Jan-2025

6. Date on which Issuer notified

   24-Jan-2025

7. Total positions of person(s) subject to the notification
   obligation

                                             % of voting
                         % of voting         rights through                       
                         rights attached     financial           Total of both in   Total number of
                         to shares (total    instruments         % (8.A + 8.B)      voting rights
                         of 8.A)             (total of 8.B 1 +                      held in issuer
                                             8.B 2)

                                             
  Resulting
  situation on
  the date on
  which                   14.966200           0.000000            14.966200         303711919
  threshold was
  crossed or
  reached

  Position of
  previous
  notification (if        15.284300           0.000000            15.284300
  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         303711919              0                14.966200              0.000000

    Sub Total 8.A        303711919                               14.966200%


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                                                                                   % of
financial        Expiration   Exercise/conversion     Physical or cash    Number of       voting                                                                               
instrument       date         period                  settlement          voting rights   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
    
    27-Jan-2025
  
13. Place Of Completion

    Cape Town, South Africa



Rosebank

28 January 2025

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: 28-01-2025 11:40:00
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