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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 11 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 11 April 2022
Aggregate number of Ordinary Shares purchased 1,184,922
London Stock Exchange (“LSE”) purchases
Number of Ordinary Shares purchased on LSE 341,350
Lowest price paid per share (pence per share): 22.2
Highest price paid per share (pence per share): 22.2
Volume weighted average price paid per share (pence per share): 22.2
Johannesburg Stock Exchange (“JSE”) purchases
Number of Ordinary Shares purchased on JSE 843,572
Lowest price paid per share (ZAr per share): 417.0
Highest price paid per share (ZAr per share): 425.0
Volume weighted average price paid per share (ZAr per share): 422.1
Following the purchase, the Company will have 2,233,083,624 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.
The above figure of 2,233,083,624 may be used by shareholders as the denominator for the
calculations by which they will determine if 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)
341,350 22.2 15:32:00 LSE
Individual transactions on JSE:
Number of shares Transaction price (ZAr Time of transaction Execution venue
purchased per share)
6,282 425.00 13:47:31 JSE
7,241 425.00 13:47:31 JSE
6,310 425.00 13:47:31 JSE
3,536 425.00 13:47:31 JSE
6,993 424.00 13:47:33 JSE
4,506 421.00 13:54:13 JSE
4,249 424.00 14:00:42 JSE
7,697 423.00 14:04:02 JSE
3,684 423.00 14:04:02 JSE
7,636 423.00 14:09:28 JSE
4,415 423.00 14:09:28 JSE
7,549 423.00 14:09:28 JSE
18,984 425.00 15:47:44 JSE
19,508 425.00 15:47:44 JSE
20,807 425.00 15:47:44 JSE
18,196 425.00 15:47:44 JSE
6,027 425.00 15:49:17 JSE
16,242 425.00 15:51:28 JSE
21,808 424.00 15:52:16 JSE
7,615 423.00 15:53:33 JSE
17,297 422.00 15:53:46 JSE
4,716 421.00 15:54:51 JSE
6,930 420.00 15:56:29 JSE
43,408 422.00 16:00:57 JSE
29,113 421.00 16:02:54 JSE
21,965 420.00 16:04:15 JSE
15,980 422.00 16:04:24 JSE
3,762 421.00 16:04:48 JSE
4,682 421.00 16:06:05 JSE
8,675 423.00 16:15:57 JSE
3,574 423.00 16:15:57 JSE
13,063 423.00 16:15:57 JSE
1,144 423.00 16:15:57 JSE
12,249 423.00 16:15:57 JSE
8,262 423.00 16:15:57 JSE
4,085 423.00 16:15:57 JSE
10,000 423.00 16:15:57 JSE
10,275 422.00 16:16:08 JSE
4,465 422.00 16:16:08 JSE
4,039 422.00 16:16:08 JSE
4,693 422.00 16:16:08 JSE
31,067 421.00 16:16:11 JSE
2,656 421.00 16:16:11 JSE
2,434 421.00 16:16:12 JSE
2,237 421.00 16:16:12 JSE
14,503 420.00 16:17:38 JSE
3,546 420.00 16:26:18 JSE
3,996 420.00 16:26:45 JSE
3,576 420.00 16:26:58 JSE
3,846 420.00 16:27:12 JSE
4,055 420.00 16:27:32 JSE
3,467 420.00 16:27:50 JSE
3,657 420.00 16:28:04 JSE
4,079 420.00 16:28:33 JSE
3,843 420.00 16:28:41 JSE
3,526 420.00 16:28:56 JSE
3,569 420.00 16:29:12 JSE
4,203 420.00 16:29:28 JSE
3,896 420.00 16:29:58 JSE
4,181 420.00 16:30:10 JSE
3,546 420.00 16:30:24 JSE
4,181 422.00 16:30:44 JSE
3,826 420.00 16:30:57 JSE
28,154 419.00 16:31:09 JSE
27,252 419.00 16:31:09 JSE
27,027 419.00 16:31:09 JSE
22,452 419.00 16:31:09 JSE
27,577 419.00 16:31:09 JSE
4,061 418.00 16:31:24 JSE
3,477 417.00 16:31:45 JSE
7,056 423.00 16:37:21 JSE
7,733 424.00 16:48:26 JSE
11,600 424.00 16:49:32 JSE
15,000 424.00 16:49:32 JSE
7,162 424.00 16:49:32 JSE
10,000 424.00 16:49:39 JSE
1,233 424.00 16:49:39 JSE
10,000 424.00 16:49:39 JSE
18,576 424.00 16:49:40 JSE
23,936 424.00 16:49:51 JSE
10,825 424.00 16:49:51 JSE
3,379 424.00 16:49:51 JSE
12,520 424.00 16:49:51 JSE
15,000 424.00 16:49:51 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
12 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: 12-04-2022 07:57:00
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