Pan African Resources Plc Holding(s) in Company

 
TIDMPAF 
 
TR-1: Standard form for notification of major holdings 
 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the 
FCA in Microsoft Word format if possible)i 
 
1a. Identity of the issuer or the underlying             Pan African Resources plc 
issuer of existing shares to which voting 
rights are attachedii: 
 
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" 
if appropriate) 
 
Non-UK issuer 
 
2. Reason for the notification (please mark the appropriate box or boxes with 
an "X") 
 
An acquisition or disposal of voting rights                                               X 
 
An acquisition or disposal of financial instruments 
 
An event changing the breakdown of voting rights 
 
Other (please specify)iii: 
 
3. Details of person subject to the notification obligationiv 
 
Name                                           Ruffer LLP 
 
City and country of registered office (if      London, United Kingdom 
applicable) 
 
4. Full name of shareholder(s) (if different from 3.)v 
 
Name 
 
City and country of registered office (if 
applicable) 
 
5. Date on which the threshold was crossed or  9 October 2020 
reachedvi: 
 
6. Date on which issuer notified (DD/MM/YYYY): 13 October 2020 
 
7. Total positions of person(s) subject to the notification obligation 
 
                     % of voting     % of voting rights   Total of both in  Total number of 
                   rights attached    through financial     % (8.A + 8.B)   voting rights of 
                  to shares (total       instruments                        issuervii 
                      of 8. A)      (total of 8.B 1 + 8.B 
                                             2) 
 
Resulting         Less than 5%      0%                    Less than 5%      2,234,687,537 
situation on the 
date on which 
threshold was 
crossed or 
reached 
 
Position of       5%                N/A                   5% 
previous 
notification (if 
applicable) 
 
 
 
 
8. Notified details of the resulting situation on the date on which the 
threshold was crossed or reachedviii 
 
A: Voting rights attached to shares 
 
Class/type of        Number of voting rightsix             % of voting rights 
shares 
ISIN code (if             Direct            Indirect              Direct            Indirect 
possible)                (Art 9 of         (Art 10 of      (Art 9 of Directive     (Art 10 of 
                      Directive 2004/  Directive 2004/109/     2004/109/EC)      Directive 2004/ 
                     109/EC) (DTR5.1)    EC) (DTR5.2.1)          (DTR5.1)            109/EC) 
                                                                                   (DTR5.2.1) 
 
GB0004300496         111,650,179       0                   Less than 5%         0% 
 
SUBTOTAL 8. A                     111,650,179                           Less than 5% 
 
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
(DTR5.3.1.1 (a)) 
 
Type of financial    Expiration Exercise/               Number of voting rights % of voting 
instrument           datex      Conversion Periodxi     that may be acquired if rights 
                                                        the instrument is 
                                                        exercised/converted. 
 
N/A                  N/A        N/A                     N/A                     N/A 
 
                                SUBTOTAL 8. B 1         N/A                     N/A 
 
B 2: Financial Instruments with similar economic effect according to Art. 13(1) 
(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 
Type of         Expiration      Exercise/       Physical or cash  Number of     % of voting 
financial       datex           Conversion      settlementxii     voting rights rights 
instrument                      Period xi 
 
      N/A             N/A             N/A              N/A             N/A             N/A 
 
                                                SUBTOTAL 8.B.2         N/A             N/A 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9. Information in relation to the person subject to the notification obligation 
(please mark the 
applicable box with an "X") 
 
Person subject to the notification obligation is not controlled by any natural             X 
person or legal entity and does not control any other undertaking(s) holding 
directly or indirectly an interest in the (underlying) issuerxiii 
 
Full chain of controlled undertakings through which the voting rights and/or 
the 
financial instruments are effectively held starting with the ultimate 
controlling natural person or legal entityxiv (please add additional rows as 
necessary) 
 
        Namexv          % of voting rights if    % of voting rights      Total of both if it 
                       it equals or is higher     through financial      equals or is higher 
                         than the notifiable      instruments if it      than the notifiable 
                              threshold          equals or is higher          threshold 
                                                 than the notifiable 
                                                      threshold 
 
N/A                    N/A                     N/A                     N/A 
 
10. In case of proxy voting, please identify: 
 
Name of the proxy holder                       N/A 
 
The number and % of voting rights held         N/A 
 
The date until which the voting rights will be N/A 
held 
 
11. Additional informationxvi 
 
Ruffer LLP now controls the voting rights over 111,650,179 shares (less than 5% 
of the voting rights) of Pan African Resources plc which are held by the 
discretionary clients of Ruffer LLP and its subsidiaries (the voting of which 
is all controlled by Ruffer LLP). 
This change from 5% to less than 5% is due to a sale of 773,612 shares by 
Ruffer LLP on 9 October 2020. 
 
 
 
 
Place of completion  Ruffer LLP 
 
Date of completion   13/10/2020 
 
 
 
END 
 

(END) Dow Jones Newswires

October 13, 2020 10:00 ET (14:00 GMT)