Pan African Resources Plc - Director/PDMR Shareholding
May 14 2024 - 4:00AM
UK Regulatory
Pan African Resources Plc - Director/PDMR
Shareholding
PR Newswire
LONDON, United Kingdom, May 14
|
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 that it has received notification that on
10 May 2024, the Finance Director
Deon Louw, entered into the
following transactions:
-
The
transfer of 2 000
000 ordinary
shares from Figit (Pty) Ltd, an entity associated with Deon Louw, into his own name
-
Collar
transaction for 2,728,254 ordinary shares of 1p each in Pan African
Resources
-
The
purchase of 728 254
ordinary shares of 1p each in Pan African Resources
-
The
advance of a loan of ZAR
11,262,492.85 for a term of 1 year with 2,728,254 shares
pledged as security for the loan and the dividend on these secured
shares sacrificed for the loan’s tenure.
Following
this transaction, which is detailed in the PDMR Notification
Dealing Form below, Mr Louw has an indirect beneficial interest of
1,122,349 ordinary shares, representing 0.0505% of the Company's
issued share capital and a direct beneficial interest of 3,851,114
ordinary shares, representing 0.1733% 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.
|
1.
|
Details
of the person discharging managerial responsibilities/person
closely associated
|
|
|
a)
|
Name:
|
Deon
Louw
|
|
2.
|
Reason
for the notification
|
|
|
a)
|
Position/status:
|
Finance
Director
|
|
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:
Transfer
Trade 2:
Collar structure
Trade 3:
Acquisition of shares
Trade 4:
Security for loan
|
|
c)
|
Price(s)
and volume(s):
|
Trade 1:
Transfer 2,000,000 ordinary shares for nil consideration
Trade 2:
Collar structure over 2,728,254 shares. Put option strike price
(bought) ZA449.6 cents per share and call option strike price
(sold) ZA 769.65 cents per share for 2,000,000 shares. Put option
strike price (bought) ZA456.0 cents per share and call option
strike price (sold) ZA 780.608 cents per share for 728,254
shares.
Trade 3:
Acquisition of 728,254 shares. VWAP ZA 5.65 cents per
share.
|
Price(s)
(ZA cents
per share)
|
Volume(s)
|
|
563.00
|
548,143
|
|
570.00
|
180,111
|
Trade 4:
Pledged 2,728,254
shares with a dividend sacrifice as security for a 1 year term loan
of ZAR 11,262,492.85.
|
|
d)
|
Aggregated
information:
|
Trade 1:
Transfer 2,000,000 ordinary shares for nil consideration
Trade 2:
Collar structure over 2,728,254 shares
Trade 3:
Acquisition value of ZAR4,112,677.79
Trade 4:
Loan amount ZAR11,262,492.85
|
|
e)
|
Dates of
the transaction:
|
10 May
2024
|
|
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:
Direct beneficial
Trade 2:
Direct beneficial
Trade 3:
Direct beneficial
Trade 4:
Direct beneficial
|
|
b)
|
On-market
or off-market:
|
Trade 1:
Off-market
Trade 2:
Off-market
Trade 3:
On-market
Trade 4:
Off-market
|
|
c)
|
Clearance
given in terms of paragraph 3.66 of the JSE Listings
Requirements:
|
Yes
|
|
d)
|
Total
value of transaction
|
Trade 1:
Nil consideration
Trade 2:
No premium
Trade 3:
ZAR4,112,677.79
Trade 4:
ZAR11,262,492.85
|
|
e)
|
Holding
following transactions:
|
Indirect
beneficial 1,122,349 ordinary shares,
Direct
beneficial 3,851,114 ordinary shares
|
Johannesburg
14 May 2024
For
further information on Pan African, please visit the Company's
website at
www.panafricanresources.com
|
Corporate
information
|
|
Corporate
office
The Firs
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
2nd
Floor
107
Cheapside
London
EC2V
6DN
United
Kingdom
Office: +
44 (0)20 7796 8644
info@paf.co.za
|
|
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
Tel: + 27
(0)11 243 2900
E-mail:
hhira@paf.co.za
|
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/Georgia Langoulant
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
|
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