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Pan African Resources plc (JSE:PAN) News - Pan African Resources PLC - Transaction in own shares
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”)
PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES
Pan African, the South African gold producer, announces that on 25 April 2022, in accordance with the
terms of its share buyback programme announced on 1 April 2022 (the “Programme”) it purchased
the following number of ordinary shares of £0.01 each in the Company (“Ordinary Shares”) through
Peel Hunt LLP (“Peel Hunt”) and RMB Morgan Stanley (“RMBMS”). The shares purchased will be
cancelled.
Date of purchases 25 April 2022
Aggregate number of Ordinary Shares purchased 2,184,413
London Stock Exchange (“LSE”) purchases
Number of Ordinary Shares purchased on LSE 1,249,931
Lowest price paid per share (pence per share): 21.15
Highest price paid per share (pence per share): 21.15
Volume weighted average price paid per share (pence per share): 21.15
Johannesburg Stock Exchange (“JSE”) purchases
Number of Ordinary Shares purchased on JSE 934,482
Lowest price paid per share (ZAr per share): 395.00
Highest price paid per share (ZAr per share): 423.00
Volume weighted average price paid per share (ZAr per share): 404.20
Following the purchase, the Company will have 2,228,208,868 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.
The above figure of 2,228,208,868 may be used by shareholders as the denominator for calculating
whether they are required to notify their interest in, or a change to their interest in, the Company
under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the tables below contain detailed
information of the individual trades made by Peel Hunt as part of the Programme. The same
information is also included for the trades made by RMBMS.
Individual transactions on LSE:
Number of shares Transaction price Time of transaction Execution venue
purchased (pence per share)
1,249,931 21.15 08:04:59 LSE
Individual transactions on JSE:
Number of shares Transaction price (ZAr Time of transaction Execution venue
purchased per share)
12,478 423.00 09:02:11 JSE
12,667 415.00 09:09:55 JSE
12,308 415.00 09:09:55 JSE
10,776 415.00 09:26:32 JSE
11,021 415.00 09:26:32 JSE
3,804 413.00 09:36:47 JSE
8,031 413.00 09:36:47 JSE
3,463 411.00 09:36:56 JSE
8,137 411.00 09:36:56 JSE
9,951 408.00 09:51:16 JSE
11,396 410.00 10:05:00 JSE
11,732 410.00 10:11:35 JSE
8,279 409.00 10:13:31 JSE
833 409.00 10:13:31 JSE
9,539 409.00 10:13:31 JSE
15,000 409.00 10:13:31 JSE
12,608 410.00 10:37:50 JSE
11,307 410.00 10:45:02 JSE
1,150 408.00 10:47:37 JSE
3,760 408.00 10:47:37 JSE
203 408.00 10:47:38 JSE
10,731 408.00 10:48:25 JSE
5,363 408.00 10:48:25 JSE
11,116 407.00 10:59:59 JSE
11,149 407.00 10:59:59 JSE
10,499 405.00 11:09:15 JSE
886 404.00 11:09:46 JSE
5,101 403.00 11:11:26 JSE
12,610 405.00 11:26:29 JSE
11,362 405.00 11:34:31 JSE
11,674 404.00 11:41:57 JSE
2,108 404.00 11:51:22 JSE
1,670 404.00 11:51:22 JSE
12,139 405.00 11:52:31 JSE
893 404.00 11:55:25 JSE
5,000 404.00 11:55:25 JSE
221 404.00 11:55:25 JSE
11,659 405.00 12:03:45 JSE
4,709 404.00 12:06:46 JSE
24,358 406.00 12:12:08 JSE
12,264 406.00 12:34:28 JSE
10,905 407.00 12:37:43 JSE
3,058 406.00 12:52:05 JSE
9,316 406.00 12:52:05 JSE
12,585 405.00 12:52:13 JSE
11,591 406.00 13:00:29 JSE
1,424 405.00 13:00:30 JSE
10,379 405.00 13:03:10 JSE
101 405.00 13:03:10 JSE
19,580 405.00 13:03:10 JSE
3,916 403.00 13:20:04 JSE
3,924 403.00 13:20:05 JSE
263 407.00 13:31:35 JSE
3,062 407.00 13:31:35 JSE
7,629 407.00 13:31:35 JSE
11,494 407.00 13:38:01 JSE
12,195 406.00 13:40:04 JSE
23,270 406.00 13:40:04 JSE
3,924 404.00 14:00:08 JSE
2,669 404.00 14:00:12 JSE
8,030 404.00 14:00:12 JSE
7,080 404.00 14:00:12 JSE
7,493 405.00 14:19:25 JSE
6,011 405.00 14:19:25 JSE
19,176 405.00 14:19:25 JSE
10,477 403.00 14:37:11 JSE
1,088 401.00 14:40:04 JSE
3,924 401.00 14:40:05 JSE
686 402.00 14:45:55 JSE
9,997 402.00 14:45:55 JSE
10,901 401.00 14:46:05 JSE
6,161 401.00 14:46:05 JSE
15,345 401.00 14:46:05 JSE
4,500 401.00 14:46:05 JSE
23,048 400.00 15:03:41 JSE
11,529 400.00 15:10:22 JSE
21,853 400.00 15:16:51 JSE
12,020 396.00 15:22:29 JSE
11,366 396.00 15:33:15 JSE
3,827 395.00 15:33:15 JSE
11,533 396.00 15:33:15 JSE
3,924 395.00 15:33:16 JSE
3,978 404.00 15:49:13 JSE
9,811 404.00 15:49:34 JSE
2,986 404.00 15:49:34 JSE
2,505 403.00 15:49:36 JSE
9,734 403.00 15:49:36 JSE
8,600 403.00 15:56:44 JSE
10,854 402.00 15:58:29 JSE
12,231 402.00 15:58:29 JSE
10,888 402.00 15:58:29 JSE
11,547 399.00 16:08:08 JSE
10,584 399.00 16:08:08 JSE
12,175 398.00 16:10:51 JSE
10,497 398.00 16:12:41 JSE
11,978 397.00 16:22:08 JSE
11,692 397.00 16:22:08 JSE
12,628 397.00 16:27:37 JSE
458 399.00 16:36:14 JSE
5,732 399.00 16:36:15 JSE
6,606 399.00 16:36:15 JSE
11,362 398.00 16:37:00 JSE
11,072 398.00 16:37:00 JSE
11,161 398.00 16:37:00 JSE
10,509 396.00 16:46:04 JSE
1,769 397.00 16:49:43 JSE
17,916 397.00 16:49:44 JSE
The information contained in this update is the responsibility of the Pan African board of directors and
has not been reviewed or reported on by the Group’s external auditors.
Rosebank
26 April 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 Suite 31
2nd Floor, Office 204 Second Floor
Corner Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0) 11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0) 20 7796 8644
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/Alexander Allen
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 Limited BMO Capital Markets Limited
Office: + 27 (0) 11 011 9200 Office: +44 (0) 20 7236 1010
Date: 26-04-2022 07:57:00
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