Pan African Resources Plc - Director/PDMR Shareholding
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
ADR ticker code: PAFRY
(“Pan African Resources” or the “Company”)
|
Pan African Resources Funding Company Limited
Incorporated in the Republic of South Africa with limited liability
Registration number: 2012/021237/06
Alpha code: PARI
|
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 Financial Director, Deon Louw, bought 230,000 ordinary shares of 1p each in Pan African Resources on 26 May 2023.
Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Louw has an indirect beneficial interest of 3,122,349 ordinary shares, representing 0.1405% of the Company's issued share capital and a direct beneficial interest of 988,112 ordinary shares, representing 0.0445% of the Company's issued share capital.
The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements.
|
Details of the person discharging managerial responsibilities/person closely associated
|
| ||||||||||||||||||||
a)
|
Name:
|
Deon Louw
| ||||||||||||||||||||
|
Reason for the notification
|
| ||||||||||||||||||||
a)
|
Position/status:
|
Finance Director
| ||||||||||||||||||||
b)
|
Initial notification/Amendment:
|
Initial notification
| ||||||||||||||||||||
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
| ||||||||||||||||||||
a)
|
Company name:
|
Pan African Resources PLC
| ||||||||||||||||||||
b)
|
LEI:
|
213800EAXURCXMX6RL85
| ||||||||||||||||||||
|
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:
|
Acquisition of ordinary shares
| ||||||||||||||||||||
c)
|
Price(s) and volume(s):
|
| ||||||||||||||||||||
d)
|
Aggregated information:
|
230,000 ordinary shares
VWAP ZA 329.13 cents per share
| ||||||||||||||||||||
e)
|
Dates of the transaction:
|
26 May 2023
| ||||||||||||||||||||
f)
|
Place of the transaction:
|
Johannesburg Stock Exchange
|
Additional information disclosed in accordance with the JSE Listings Requirements:
a)
|
Nature of interest of executive:
|
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)
|
Total value of transaction
|
ZAR 757,010.00
|
e)
|
Holding following transactions:
|
Indirect beneficial 3,122,349 ordinary shares,
Direct beneficial 988,112 ordinary shares
|
Johannesburg
30 May 2023
For further information on Pan African, please visit the Company's website at
Corporate 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
|
Registered office
2nd Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office: + 44 (0)20 7796 8644
|
Chief executive officer
Cobus Loots
Office: + 27 (0)11 243 2900
|
Financial director
Deon Louw
Office: + 27 (0)11 243 2900
|
Head: Investor relations
Hethen Hira
|
Website: www.panafricanresources.com
|
Company secretary
Jane Kirton
St James's Corporate Services Limited
Office: + 44 (0)20 7796 8644
|
Nominated adviser and joint broker
Ross Allister/David McKeown
Peel Hunt LLP
Office: +44 (0)20 7418 8900
|
JSE Sponsor and JSE debt sponsor
Ciska Kloppers
Questco Corporate Advisory Proprietary Limited
Office: + 27 (0)11 011 9200
|
Joint broker
Thomas Rider/Nick Macann
BMO Capital Markets Limited
Office: +44 (0)20 7236 1010
|
|
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
Office: +44 (0)20 3207 7800
|