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

Release Date: 28/10/2024 09:00
Code(s): PAN PARS02 PARS01 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 Issuer
2. Reason for Notification
  An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
 Name
  M&G Plc
 City of registered office (if applicable)
  London
 Country of registered office (if applicable)
  United Kingdom
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
  24-Oct-2024
6. Date on which Issuer notified
  25-Oct-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           4.941718            0.000000             4.941718       94708229             
  threshold was
  crossed or
  reached

  Position of
  previous                5.060943            0.000000             5.060943          
  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 indirect                                         
shares ISIN code(if direct voting     voting rights          % of direct voting    voting rights                                  
possible)           rights            (DTR5.2.1)             rights (DTR5.1)       (DTR5.2.1)
                    (DTR5.1)

                
GB0004300496        0                 94708229                0.000000         4.941718
Sub Total 8.A            94708229                                4.941718%

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      % of voting rights    Total of both
                                          rights if it     through financial     if it equals or
Ultimate           Name of controlled     equals or is     instruments if it     is higher
controlling person undertaking            higher than      equals or is higher   than the
                                          the notifiable   than the notifiable   notifiable
                                          threshold        threshold             threshold

                    M&G Plc (Parent
  M&G Plc
                    Company)

                    M&G Group
                    Regulated Entity
                    Holding Company
  M&G Plc
                    Limited (wholly
                    owned subsidiary of
                    M&G Plc)

                    M&G Group Limited
                    (wholly owned
                    subsidiary of M&G
  M&G Plc
                    Group Regulated
                    Entity Holding
                    Company Limited)

                    M&G FA Limited
                    (wholly owned
  M&G Plc
                    subsidiary of M&G
                    Group Limited)

                    MandG
                    Investments
                    Southern Africa
  M&G Plc
                    (Pty) Ltd (majority
                    owned subsidiary of
                    M&G FA Limited)

                    MandG Investment
                    Managers (Pty) Ltd
                    (wholly owned
                    subsidiary of
  M&G Plc
                    MandG
                    Investments
                    Southern Africa
                    (Pty) Ltd)

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
  We no longer hold a notifiable interest
12. Date of Completion
  25-Oct-2024
13. Place Of Completion
  London, United Kingdom

Rosebank

28 October 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                                    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: 28-10-2024 09:00:00
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