Pan African Resources Plc Director/PDMR Shareholding

 
TIDMPAF 
 
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 9 and 10 November 
2020, Figit (Pty) Ltd, an entity associated with Finance Director Deon Louw, 
bought 2,108,815 ordinary shares of 1p each in Pan African Resources and on 9 
November 2020, 76,650 ordinary shares of 1p each in Pan African Resources for 
his personal account. 
 
Following this transaction, which is detailed in the PDMR Notification Dealing 
Form below, Mr Louw has an indirect beneficial interest of 2,108,815 ordinary 
shares, representing 0.0944% of the Company's issued share capital and a direct 
beneficial interest of 688,112 ordinary shares, representing 0.0308% of the 
Company's issued share capital. 
 
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:                                      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,   Ordinary shares of 1p each 
      type of instrument: 
                                                 Identification code: 
                                                 GB0004300496 
 
b)    Nature of the transaction:                 Trade 1: 
                                                 Acquisition of ordinary 
                                                 shares by an associate of 
                                                 Deon Louw, namely Figit (Pty) 
                                                 Ltd, of which he is the sole 
                                                 director 
                                                 Trade 2: 
                                                 Acquisition of ordinary 
                                                 shares by an associate of 
                                                 Deon Louw, namely Figit (Pty) 
                                                 Ltd, of which he is the sole 
                                                 director 
                                                 Trade 3: 
                                                 Acquisition for his personal 
                                                 account 
 
c)    Price(s) and volume(s):                    Trade 1: 
                                                 1,119,500 ordinary shares 
                                                 VWAP ZA 486.68 cents per 
                                                 share 
                                                 Low ZA 467.00 cents per share 
                                                 High ZA 500.00 cents per 
                                                 share 
 
                                                 Trade 2: 
                                                 989,315 ordinary shares 
                                                 VWAP ZA 456.83 cents per 
                                                 share 
                                                 Low ZA 446.00 cents per share 
                                                 High ZA 467.00 cents per 
                                                 share 
 
                                                 Trade 3: 
                                                 76,650 ordinary shares 
                                                 VWAP ZA 456.83 cents per 
                                                 share 
                                                 Low ZA 446.00 cents per share 
                                                 High ZA 467.00 cents per 
                                                 share 
 
d)    Aggregated information:                    Trade 1: 
                                                 ZAR 5 448 382.60 
                                                 Trade 2: 
                                                 ZAR 4 519 487.71 
                                                 Trade 3: 
                                                 ZAR 350 160.20 
 
e)    Dates of the transaction:                  Trade 1: 
                                                 9 November 2020 
                                                 Trade 2: 
                                                 10 November 2020 
                                                 Trade 3: 
                                                 10 November 2020 
 
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: 
                                                 Direct beneficial 
 
b)    On-market or off-market:                   On-market 
 
c)    Clearance given in terms of paragraph 3.66 Yes 
      of the JSE Listings Requirements: 
 
d)    Holding following transactions:            Indirect beneficial 2,108,815 
                                                 ordinary shares, 
                                                 Direct beneficial 688,112 
                                                 ordinary shares 
 
Johannesburg 
 
12 November 2020 
 
Sponsor: Questco Corporate Advisory Proprietary Limited 
 
 
 
END 
 

(END) Dow Jones Newswires

November 12, 2020 07:00 ET (12:00 GMT)