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Director’s dealings in securities - Cobus Loots
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
number 3937466 on 25 February 2000) Africa 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 Resources" or the "Company")
DIRECTOR'S DEALINGS IN SECURITIES
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
CLOSELY ASSOCIATED PERSONS
The Company announces that it has received notification that on 9 May 2024, LTS Ventures (Pty)
Ltd, an entity associated with Chief Executive Officer Cobus Loots, entered into the following
transactions:
• Collar transactions for 3,007,222 ordinary shares of 1p each in Pan African Resources
• The purchase of 711,744 ordinary shares of 1p each in Pan African Resources
• The advance of a loan of ZAR 11,340,187.01 for a term of 2 years with 3,007,222 shares
pledged as security for the loan and the dividend on these secured shares sacrificed for the
loan's tenure.
Following this transaction, Mr Loots has an indirect beneficial interest of 5,896,248 ordinary shares,
representing 0.2653 % of the Company's issued share capital and a direct beneficial interest of
1,873,982 ordinary shares, representing 0.0843% of the Company's issued share capital and
314,280 open contracts for differences (CFDs).
The below information and notification are made in accordance with the EU Market Abuse
Regulation and the JSE Listings Requirements.
1. Details of the person
discharging managerial
responsibilities/person closely
associated
a) Name: Cobus Loots
2. Reason for the notification
a) Position/status: Chief Executive Officer
b) Initial notification/Amendment: Initial notification
3. Details of the issuer, emission
allowance market participant,
auction platform, auctioneer or
auction monitor
a) Company name: Pan African Resources PLC
b) LEI: 213800EAXURCXMX6RL85
4. Details of the transaction(s):
section to be repeated for (i)
each type of instrument; (ii)
each type of transaction; (iii)
each date; and (iv) each place
where transactions have been
conducted
a) Description of the financial Ordinary shares of 1p each
instrument, type of instrument:
Identification code:
GB0004300496
b) Nature of the transaction: Trade 1: Collar structure
Trade 2: Acquisition of shares
Trade 3: Security for loan
c) Price(s) and volume(s): Trade 1: Collar structure over
3,007,222 shares. Put option
strike price (bought) ZA449.6
cents per share. Call option
strike price (sold) ZA 906.81
cents per share.
Trade 2: Acquisition of 711,744
shares at ZA 562 cents per
share.
Trade 3: Pledged 3,007,222
shares with a dividend sacrifice
as security for a 2 year term
loan of ZAR 11,340,187.01.
d) Aggregated information: Trade 1: Collar structure over
3,007,222 shares
Trade 2: Acquisition value of
ZAR4,000,001.28
Trade 3: Loan amount
ZAR11,340,187.01
e) Dates of the transactions: 9 May 2024
f) Place of the transaction: Johannesburg Stock Exchange
Additional information disclosed in accordance with the JSE Listings Requirements:
a) Nature of interest of executive: Trade 1: Indirect beneficial
Trade 2: Indirect beneficial
Trade 3: Indirect beneficial
b) On-market or off-market: Trade 1: Off-market
Trade 2: On-market
Trade 3: Off-market
c) Clearance given in terms of paragraph 3.66 of the Yes
JSE Listings Requirements:
d) Total value of transactions Trade 1: No premium
Trade 2: ZAR4,000,001.28
Trade 3: ZAR11,340,187.01
e) Holding following transactions: Indirect beneficial 5,896,248
ordinary shares
Direct beneficial 1,873,982
ordinary shares
314,280 open CFDs
Johannesburg
14 May 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
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 Limited BMO Capital Markets 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: 14-05-2024 11:00:00
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