Enhanced Investments - Financial Portal

TR-1: Standard form for notification of major holdings

Published: 2022-11-09 18:00:32 ET

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” or the “Company” or the “Group”)


      TR-1: Standard form for notification of major holdings

     1. Issuer Details
      ISIN
       GB0004300496
      Issuer Name
       PAN AFRICAN RESOURCES PLC
      UK or Non-UK Issuer
       UK
     2. Reason for Notification
       An acquisition or disposal of voting rights
     3. Details of person subject to the notification obligation
      Name
       Ninety One SA (Pty) Ltd
      City of registered office (if applicable)


      Country of registered office (if applicable)
       ZA
     4. Details of the shareholder
       Full name of shareholder(s) if different from the person(s)
       subject to the notification obligation, above


       City of registered office (if applicable)


       Country of registered office (if applicable)


     5. Date on which the threshold was crossed or reached
       08-Nov-2022
6. Date on which Issuer notified
  09-Nov-2022
7. Total positions of person(s) subject to the notification
obligation
                                              % of voting
                           % of voting        rights through
                                                                    Total of both   Total number of
                           rights attached    financial
             .                                                      in % (8.A +     voting rights
                           to shares (total   instruments
                                                                    8.B)            held in issuer
                           of 8.A)            (total of 8.B 1 +
                                              8.B 2)

  Resulting
  situation on the
  date on which
                              4.913200         0.000000              4.913200        94162485
  threshold was
  crossed or
  reached

  Position of
  previous
                              5.218600         0.000000              5.218600
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
                     Number of
Class/Type of                         Number of indirect                        % of indirect
                     direct voting                           % of direct voting
shares ISIN                           voting rights                             voting rights
                     rights                                  rights (DTR5.1)
code(if possible)                     (DTR5.2.1)                                (DTR5.2.1)
                     (DTR5.1)

GB0004300496           0                94162485                  0.000000          4.913200

Sub Total 8.A          94162485                                   4.913200%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                         Number of voting rights that
                                                                                            % of
Type of financial    Expiration Exercise/conversion      may be acquired if the
                                                                                            voting
instrument           date       period                   instrument is
                                                                                            rights
                                                         exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of                                                                                   % of
                 Expiration   Exercise/conversion     Physical or cash    Number of
financial                                                                                 voting
                 date         period                  settlement          voting rights
instrument                                                                                rights
Sub Total 8.B2

9. Information in relation to the person subject to the
notification obligation
2. 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 entities (please add
    additional rows as necessary)
                                                          % of voting rights
                                     % of voting rights
                                                          through financial     Total of both if it
                       Name of       if it equals or is
    Ultimate                                              instruments if it     equals or is higher
                       controlled    higher than the
    controlling person                                    equals or is higher   than the notifiable
                       undertaking   notifiable
                                                          than the notifiable   threshold
                                     threshold
                                                          threshold

                        Ninety
                        One
      Ninety One
                        Africa         0.000000             0.000000              0.000000%
      Limited
                        (Pty)
                        Limited

                        Ninety
      Ninety One
                        One SA
      Africa (Pty)                     4.913200             0.000000              4.913200%
                        (Pty)
      Limited
                        Limited

    10. In case of proxy voting
      Name of the proxy holder


      The number and % of voting rights held


      The date until which the voting rights will be held


    11. Additional Information


    12. Date of Completion
      09-Nov-2022
    13. Place Of Completion
             London
Rosebank

9 November 2022

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
Chief Executive Officer                  Financial Director
Cobus Loots                              Deon Louw
Office: + 27 (0)11 243 2900              Office: + 27 (0)11 243 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
Phil Dexter/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                              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
                                         Joint Broker
                                         Matthew Armitt/Jennifer Lee
                                         Joh. Berenberg, Gossler & Co KG
                                         (Berenberg)
                                         Office: +44 (0)20 3207 7800

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.