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PAF Pan African Resources Plc

23.40
0.00 (0.00%)
Last Updated: 09:16:43
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
  0.00 0.00% 23.40 23.50 23.70 24.00 23.40 24.00 244,926 09:16:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 7.41 450.38M

Pan African Resources Plc Director/PDMR Shareholding

30/05/2023 7:00am

UK Regulatory


 
TIDMPAF 
 
Pan African    Pan African Resources Funding 
Resources PLC  Company Limited 
 
(Incorporated  Incorporated in the Republic of 
and            South Africa with limited 
registered in  liability 
England and 
Wales under    Registration number: 
the Companies  2012/021237/06 
Act 1985 with 
registered     Alpha code: PARI 
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") 
 
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 Chief Executive Officer, 
Cobus Loots, bought 200,000 ordinary shares of 1p each in Pan African Resources 
on 26 May 2023 and entered into 200,000 contracts for difference (CFDs). 
 
Following this transaction, which is detailed in the PDMR Notification Dealing 
Form below, Mr Loots has an indirect beneficial interest of 5,048,504 ordinary 
shares, representing 0.2271% 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          |Initial notification    | 
|                    ||notification/Amen|                        | 
|                    ||dment:           |                        | 
+--------------------++-----------------+------------------------+ 
|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   |Trade 1:                | 
|                    ||the financial    |                        | 
|                    ||instrument, type |Ordinary shares of 1p   | 
|                    ||of instrument:   |each                    | 
|                    ||                 |                        | 
|                    ||                 |Identification code:    | 
|                    ||                 |GB0004300496            | 
+--------------------++-----------------+------------------------+ 
|b)                  ||Nature of the    |Trade 1:                | 
|                    ||transaction:     |                        | 
|                    ||                 |Acquisition of ordinary | 
|                    ||                 |shares                  | 
|                    ||                 |                        | 
|                    ||                 |Trade 2:                | 
|                    ||                 |                        | 
|                    ||                 |Acquisition of Contract | 
|                    ||                 |for Difference derivate | 
+--------------------++-----------------+------------------------+ 
|c)                  ||Price(s) and     |Trade 1:                | 
|                    ||volume(s):       |                        | 
|                    ||                 |200,000 ordinary shares | 
|                    ||                 |at 13.20 pence per share| 
|                    ||                 |                        | 
|                    ||                 |Trade 2:                | 
|                    ||                 |                        | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||Price(s)               | 
|                    ||                 ||Volume(s)|             | 
|                    ||                 ||               |       | 
|                    ||                 ||                       | 
|                    ||                 ||(Pence per CFD)|       | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.00          |4,980  | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.12          |2,876  | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.12          |10,156 | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.12          |13,040 | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.12          |18,613 | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.20          |11,896 | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.20          |100,000| 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.20          |5,444  | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
|                    ||                 ||13.20          |32,995 | 
|                    ||                 ||                       | 
|                    ||                 |+---------------+-------| 
|                    ||                 |--+                     | 
+--------------------++-----------------+------------------------+ 
|d)                  ||Aggregated       |Trade 1:                | 
|                    ||information:     |                        | 
|                    ||                 |200,000 ordinary shares | 
|                    ||                 |at 13.2 pence per share | 
|                    ||                 |                        | 
|                    ||                 |Trade 2:                | 
|                    ||                 |                        | 
|                    ||                 |200,000 CFDs at 13.177  | 
|                    ||                 |pence per share         | 
+--------------------++-----------------+------------------------+ 
|e)                  ||Dates of the     |Trade 1 and 2:          | 
|                    ||transactions:    |                        | 
|                    ||                 |26 May 2023             | 
+--------------------++-----------------+------------------------+ 
|f)                  ||Place of the     |Trade 1:                | 
|                    ||transaction:     |                        | 
|                    ||                 |London SETS             | 
|                    ||                 |                        | 
|                    ||                 |Trade 2:                | 
|                    ||                 |                        | 
|                    ||                 |OTC                     | 
+--------------------++-----------------+------------------------+ 
 
Additional information disclosed in accordance with the JSE Listings 
Requirements: 
 
+--+--------------------------------------+----------------------+ 
|a)|Nature of interest of executive:      |Direct beneficial     | 
+--+--------------------------------------+----------------------+ 
|b)|On-market or off-market:              |On-market             | 
+--+--------------------------------------+----------------------+ 
|c)|Clearance given in terms of paragraph |Yes                   | 
|  |3.66 of the JSE Listings Requirements:|                      | 
+--+--------------------------------------+----------------------+ 
|d)|Total value of transactions           |Trade 1:              | 
|  |                                      |                      | 
|  |                                      |GBP26,400 for ordinary| 
|  |                                      |shares                | 
|  |                                      |                      | 
|  |                                      |Trade 2:              | 
|  |                                      |                      | 
|  |                                      |GBP26,354 for CFDs    | 
+--+--------------------------------------+----------------------+ 
|e)|Holding following transactions:       |Indirect beneficial   | 
|  |                                      |5,048,504 ordinary    | 
|  |                                      |shares                | 
|  |                                      |                      | 
|  |                                      |Direct beneficial     | 
|  |                                      |1,873,982 ordinary    | 
|  |                                      |shares                | 
|  |                                      |                      | 
|  |                                      |314,280 open CFDs     | 
+--+--------------------------------------+----------------------+ 
 
Johannesburg 
 
30 May 2023 
 
For further information on Pan African, please visit the Company's website at 
 
www.panafricanresources.com 
 
+----------------------------------------------+-------------------------------- 
-------------+ 
|Corporate information 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
|Corporate office                              |Registered office 
| 
|                                              | 
| 
|The Firs Office Building                      |2nd Floor 
| 
|                                              | 
| 
|2nd Floor, Office 204                         |107 Cheapside 
| 
|                                              | 
| 
|Cnr. Cradock and Biermann Avenues             |London 
| 
|                                              | 
| 
|Rosebank, Johannesburg                        |EC2V 6DN 
| 
|                                              | 
| 
|South Africa                                  |United Kingdom 
| 
|                                              | 
| 
|Office: + 27 (0)11 243 2900                   |Office: + 44 (0)20 7796 8644 
| 
|                                              | 
| 
|info@paf.co.za                                |info@paf.co.za 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
|Chief executive officer                       |Financial director 
| 
|                                              | 
| 
|Cobus Loots                                   |Deon Louw 
| 
|                                              | 
| 
|Office: + 27 (0)11 243                        |Office: + 27 (0)11 243 
| 
|2900 
|2900                                         | 
+----------------------------------------------+-------------------------------- 
-------------+ 
|Head: Investor relations                      |Website: 
www.panafricanresources.com         | 
|                                              | 
| 
|Hethen Hira                                   | 
| 
|Tel: + 27 (0)11 243 2900                      | 
| 
|E-mail: hhira@paf.co.za                       | 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
|Company secretary                             |Nominated adviser and joint 
broker           | 
|                                              | 
| 
|Jane Kirton                                   |Ross Allister/David McKeown 
| 
|                                              | 
| 
|St James's Corporate Services Limited         |Peel Hunt LLP 
| 
|                                              | 
| 
|Office: + 44 (0)20 7796 8644                  |Office: +44 (0)20 7418 8900 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
|JSE Sponsor and JSE debt sponsor              |Joint broker 
| 
|                                              | 
| 
|Ciska Kloppers                                |Thomas Rider/Nick Macann 
| 
|                                              | 
| 
|Questco Corporate Advisory Proprietary        |BMO Capital Markets Limited 
| 
|Limited                                       | 
| 
|                                              |Office: +44 (0)20 7236 1010 
| 
|Office: + 27 (0)11 011                        | 
| 
|9200 (https://www.google.co.za/search?q=questc| 
| 
|                                              | 
| 
|o                                             | 
| 
|&rlz=1C1EJFC_enZA816ZA818&oq=q                | 
| 
|uestco&aqs=chrome..69i57j0l5.1                | 
| 
|159j0j4&sourceid=chrome&ie=UTF-8)             | 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
|                                              |Joint broker 
| 
|                                              | 
| 
|                                              |Matthew Armitt/Jennifer Lee 
| 
|                                              | 
| 
|                                              |Joh. Berenberg, Gossler & Co KG 
| 
|                                              | 
| 
|                                              |Office: +44 (0)20 3207 7800 
| 
+----------------------------------------------+-------------------------------- 
-------------+ 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

May 30, 2023 02:00 ET (06:00 GMT)

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