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

Release Date: 19/06/2024 14:30
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
(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
  Ninety One SA (Pty) Ltd
 City of registered office (if applicable)


 Country of registered office (if applicable)
  ZA
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
  18-Jun-2024
6. Date on which Issuer notified
  19-Jun-2024
7. Total positions of person(s) subject to the notification
obligation
                                             % of voting
                          % of voting        rights through         Total of both    Total number of                                                           
                          rights attached    financial              in % (8.A +      voting rights                                       
                          to shares (total   instruments            8.B)             held in issuer                        
                          of 8.A)            (total of 8.B 1 +
                                             8.B 2)

  Resulting
  situation on the
  date on which           4.992200           0.000000               4.992200        95675796  
  threshold was
  crossed or
  reached

  Position of
  previous                5.000000            0.000000               5.000000        
  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       Number of indirect      % of direct     % of indirect voting
shares ISIN          direct voting   voting rights           voting rights   rights (DTR5.2.1)
code(if possible)    rights (DTR5.1) (DTR5.2.1)              (DTR5.1)

GB0004300496                         95675796                                4.992200

Sub Total 8.A        95675796                                 4.992200%

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
2. 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 entities (please add
    additional rows as necessary)
                                      % of voting rights    % of voting rights
                        Name of       if it equals or is    through financial     Total of both if it
     Ultimate           controlled    higher than the       instruments if it     equals or is higher
     controlling person undertaking   notifiable            equals or is higher   than the notifiable
                                      threshold             than the notifiable   threshold                     
                                                            threshold                                                

                         Ninety
       Ninety One        One SA           
       Africa (Pty)      (Pty)         4.992200             0.000000              4.992200%
       Limited           Limited
 
                     
                         Ninety
                         One
       Ninety One        Africa         0.000000             0.000000              0.00000           
       Limited           (Pty)
                         Limited

    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
      19-Jun-2024
    13. Place Of Completion
       London


Rosebank

19 June 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: +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: 19-06-2024 02:30:00
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