Pan African Resources PLC
(Incorporated and registered in
England and Wales under the UK Companies Act 2006 with
registration number 3937466 on 25 February
2000)
AIM Code: PAF
JSE Code: PAN
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 it has received notification that Chief
Executive Officer, Cobus Loots,
bought 300,000 ordinary shares of 1p each in Pan African Resources
on 15 September 2021.
Following this transaction, which is detailed in the PDMR
Notification Dealing Form below, Mr Loots has an indirect
beneficial interest of 5,048,504 ordinary shares, representing
0.2259% of the Company's issued share capital and a direct
beneficial interest of 1,673,982 ordinary shares, representing
0.0749% of the Company's issued share capital and 114,280 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 instrument, type of instrument: |
Ordinary
shares of 1p each
Identification code: GB0004300496 |
| b) |
|
Nature of the
transaction: |
Trade 1 and 2:
Acquisition of ordinary shares |
| c) |
|
Price(s)
and volume(s):
|
Trade
1:
200,000 ordinary shares at 0.167 pence per share
Trade 2:
100,000 ordinary shares at 0.173 pence per share |
| d) |
|
Aggregated
information: |
Trade 1:
GBP33,400 for ordinary shares
Trade 2:
GBP17,300 for ordinary shares |
| e) |
|
Dates of the
transactions: |
Trade 1 and 2:
15 September 2021 |
| f) |
|
Place of the
transaction: |
London SETS |
Additional information disclosed in accordance with the JSE
Listings Requirements:
| a) |
Nature of interest of
executive: |
Trade 1 and 2:
Direct beneficial |
| b) |
On-market or
off-market: |
On-market |
| c) |
Clearance given in
terms of paragraph 3.66 of the JSE Listings Requirements: |
Yes |
| d) |
Holding following
transactions: |
Indirect beneficial
5,048,504 ordinary shares
Direct beneficial 1,673,982 ordinary shares
114,280 open CFDs |
Johannesburg
15 September 2021
Sponsor: Questco Corporate Advisory Proprietary Limited