Pan African Resources PLC
(Incorporated and
registered in England and
Wales under Companies Act 1985
with registered 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 on 30 and 31 March
2021, LTS Ventures (Pty) Ltd, an entity associated with
Chief Executive Officer Cobus Loots,
bought 1,279,045 ordinary shares of 1p each in Pan African
Resources.
Following this transaction, which is
detailed in the PDMR Notification Dealing Form below, Mr Loots has
an indirect beneficial interest of 4,717,180 ordinary shares,
representing 0.2111% of the Company's issued share capital and a
direct beneficial interest of 1,571,747 ordinary shares,
representing 0.0703% of the Company's issued share capital and
114,280 open CFDs.
The below
information and notification is made in accordance with the EU
Market Abuse Regulation.
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:
Acquisition of ordinary shares by an associate of Cobus Loots,
namely LTS Ventures (Pty) Ltd, of which he is the sole director
Trade 2:
Acquisition of ordinary shares by an associate of Cobus Loots,
namely LTS Ventures (Pty) Ltd, of which he is the sole
director |
c) |
|
Price(s)
and volume(s):
|
Trade
1:
639,570 ordinary shares
VWAP ZA 316.49 cents per share
Low ZA 313.00 cents per share
High ZA 320.00 cents per share
Trade 2:
639,475 ordinary shares
VWAP ZAR 316.64 cents per share
Low ZAR 314.00 cents per share
High ZAR 318.00 cents per share |
d) |
|
Aggregated
information: |
Trade 1:
ZAR 2,024,175.09 for ordinary shares
Trade 2:
ZAR 2,024,833.64 for ordinary shares |
e) |
|
Dates of the
transactions: |
Trade 1:
30 March 2021
Trade 2:
31 March 2021 |
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 |
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
4,717,180 ordinary shares
Direct beneficial 1,571,747 ordinary shares
114,280 open CFDs |
Johannesburg
1 April 2021
Sponsor: Questco Corporate Advisory Proprietary Limited