Pan African Resources Plc - Director/PDMR Shareholding
18 Septiembre 2020 - 9:00AM
PR Newswire (US)
Pan African Resources PLC
(Incorporated and registered in England and Wales under the Companies Act 1985 with
registered number 3937466 on 25 February
2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(Pan African or the Company or the Group)
PDMR Dealings
Pan African announces that, following the restructuring of the
Group’s long-term incentive schemes as announced on 17 September 2020, the Company has received
notifications from the Directors and Persons Discharging Managerial
Responsibilities (PDMR) set out in the tables below.
As part of the restructuring, certain executive directors and
prescribed officers have agreed to relinquish the share options
issued to them under the Pan African Corporate Share Option Scheme
established (PACOS). In addition, the executive directors
namely Cobus Loots (Chief Executive
Officer) and Deon Louw (Financial
Director) have agreed to relinquish their entitlement to receive
shares in respect of the terms of their employment contracts. In
lieu of the aforementioned relinquishments, the executive
directors and prescribed officers will receive a restricted class B
ordinary shares of no par value in the share capital of PAR Gold
Proprietary Limited in terms of a newly established Pan African B
Executive Incentive Scheme.
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. |
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 Identification code |
Options over
ordinary shares of 1p each
Identification code: GB0004300496 |
b. |
Nature of the transaction |
Relinquishment of share
options |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
12,427,686 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
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. |
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 Identification code |
Ordinary shares of
1p each
Identification code: GB0004300496 |
b. |
Nature of the transaction |
Relinquishment of share
entitlement |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
5,000,000 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
1. |
Details of the person
discharging managerial responsibilities / person closely
associated |
a. |
Name |
Deon Louw |
2. |
Reason for the
notification |
a. |
Position/status |
Financial Director |
b. |
Initial notification/Amendment |
Initial Notification |
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
a. |
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 Identification code |
Options over
ordinary shares of 1p each
Identification code: GB0004300496 |
b. |
Nature of the transaction |
Relinquishment of share
options |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
8,690,599 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
1. |
Details of the person
discharging managerial responsibilities / person closely
associated |
a. |
Name |
Deon Louw |
2. |
Reason for the
notification |
a. |
Position/status |
Financial Director |
b. |
Initial notification/Amendment |
Initial Notification |
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
a. |
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 Identification code |
Ordinary shares of
1p each
Identification code: GB0004300496 |
b. |
Nature of the transaction |
Relinquishment of share
entitlement |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
3,100,000 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
1. |
Details of the person
discharging managerial responsibilities / person closely
associated |
a. |
Name |
Andre van den Bergh |
2. |
Reason for the
notification |
a. |
Position/status |
Chief Operating Officer |
b. |
Initial notification/Amendment |
Initial Notification |
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
a. |
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 Identification code |
Options over
ordinary shares of 1p each
Identification code: GB0004300496 |
b. |
Nature of the transaction |
Relinquishment of share
options |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
n/a |
8,109,463 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
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. |
Name |
PAR Gold Proprietary
Limited |
b. |
LEI |
N/A |
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 Identification code |
Restricted class B ordinary
shares of no par value |
b. |
Nature of the transaction |
Award of shares |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
R0.0001 |
17,107,579 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
1. |
Details of the person
discharging managerial responsibilities / person closely
associated |
a. |
Name |
Deon Louw |
2. |
Reason for the
notification |
a. |
Position/status |
Financial Director |
b. |
Initial notification/Amendment |
Initial Notification |
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
a. |
Name |
PAR Gold Proprietary
Limited |
b. |
LEI |
N/A |
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 Identification code |
Restricted class B ordinary
shares of no par value |
b. |
Nature of the transaction |
Award of shares |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
R0.0001 |
11,523,153 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
1. |
Details of the person
discharging managerial responsibilities / person closely
associated |
a. |
Name |
Andre van den Bergh |
2. |
Reason for the
notification |
a. |
Position/status |
Chief Operating Officer |
b. |
Initial notification/Amendment |
Initial Notification |
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
a. |
Name |
PAR Gold Proprietary
Limited |
b. |
LEI |
N/A |
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 Identification code |
Restricted class B ordinary
shares of no par value |
b. |
Nature of the transaction |
Award of shares |
c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
R0.0001 |
7,541,800 |
|
d. |
Aggregated
information |
See above |
e. |
Date of the transaction |
16 September 2020 |
f. |
Place of the transaction |
Off market |
For further information on Pan African, please visit the
Company's website at
www.panafricanresources.com
Contact information |
Corporate Office
The Firs Office Building
2nd Floor, Office 204
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0)11 243 2900
info@paf.co.za |
Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office: + 44 (0)20 7796 8644 |
Cobus
Loots
Pan African Resources PLC
Chief Executive Officer
Office: + 27 (0)11 243
2900 |
Deon Louw
Pan African Resources PLC
Financial Director
Office: + 27 (0)11 243 2900 |
Phil Dexter/Jane
Kirton
St James's Corporate Services Limited
Company Secretary
Office: + 44 (0)20 7796 8644 |
Ross Allister/David
McKeown
Peel Hunt LLP
Nominated Adviser and Joint Broker
Office: +44 (0)20 7418 8900 |
Ciska Kloppers
Questco Corporate Advisory Proprietary Limited
JSE Sponsor
Office: + 27 (0)11 011 9200 |
Thomas Rider/Neil
Elliot
BMO Capital Markets Limited
Joint Broker
Office: +44 (0)20 7236 1010 |
Hethen Hira
Pan African Resources PLC
Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za |
Website:
www.panafricanresources.com |
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