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 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/       Initial notification 
                      Amendment: 
 
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          Ordinary shares of 1p 
                      financial instrument, type  each 
                      of instrument: 
                                                  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 Yes 
      of the JSE Listings Requirements: 
 
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 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 01, 2021 06:00 ET (10:00 GMT)