ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

PAF Pan African Resources Plc

26.35
-0.70 (-2.59%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.70 -2.59% 26.35 26.30 26.40 27.05 26.35 27.05 1,446,658 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 8.31 518.41M

Pan African Resources Plc - Director/PDMR Shareholding

14/05/2024 10:00am

UK Regulatory


Pan African Resources (LSE:PAF)
Historical Stock Chart


From Apr 2024 to Jul 2024

Click Here for more Pan African Resources Charts.
Pan African Resources Plc - Director/PDMR Shareholding

PR Newswire

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 9 May 2024, LTS Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, entered into the following transactions:

  • Collar transactions for 3,007,222 ordinary shares of 1p each in Pan African Resources
  • The purchase of 711,744 ordinary shares of 1p each in Pan African Resources
  • The advance of a loan of ZAR 11,340,187.01 for a term of 2 years with 3,007,222 shares pledged as security for the loan and the dividend on these secured shares sacrificed for the loan’s tenure.

Following this transaction, Mr Loots has an indirect beneficial interest of 5,896,248 ordinary shares, representing 0.2653 % of the Company's issued share capital and a direct beneficial interest of 1,873,982 ordinary shares, representing 0.0843% of the Company's issued share capital and 314,280 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: Collar structure

Trade 2: Acquisition of shares

Trade 3: Security for loan

c)

 

Price(s) and volume(s):

Trade 1: Collar structure over 3,007,222 shares. Put option strike price (bought) ZA449.6 cents per share. Call option strike price (sold) ZA 906.81 cents per share.

Trade 2: Acquisition of 711,744 shares at ZA 562 cents per share.

Trade 3: Pledged 3,007,222 shares with a dividend sacrifice as security for a 2 year term loan of ZAR 11,340,187.01.

d)

 

Aggregated information:

 

Trade 1: Collar structure over 3,007,222 shares

Trade 2: Acquisition value of ZAR4,000,001.28

Trade 3: Loan amount ZAR11,340,187.01

e)

 

Dates of the transactions:

9 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: Indirect beneficial

Trade 2: Indirect beneficial

Trade 3: Indirect beneficial

b)

On-market or off-market:

Trade 1: Off-market

Trade 2: On-market

Trade 3: Off-market

c)

Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements:

Yes

d)

Total value of transactions

Trade 1: No premium

Trade 2: ZAR4,000,001.28

Trade 3: ZAR11,340,187.01

e)

Holding following transactions:

Indirect beneficial 5,896,248 ordinary shares

Direct beneficial 1,873,982 ordinary shares  

314,280 open CFDs

 

 

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

 




1 Year Pan African Resources Chart

1 Year Pan African Resources Chart

1 Month Pan African Resources Chart

1 Month Pan African Resources Chart

Your Recent History

Delayed Upgrade Clock