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TR-1: Standard form for notification of major holdings

Published: 2022-04-11 06:00:00 ET

Pan African Resources plc (JSE:PAN) News - TR-1: Standard form for notification of major holdings

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 event changing the breakdown of voting
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
   07-Apr-2022
6. Date on which Issuer notified
   08-Apr-2022
7. Total positions of person(s) subject to the notification
   obligation
                                                                        
                                              % of voting         Total of both       Total number of
                           % of voting        rights through      in % (8.A + 8.B)    voting rights held
           .               rights attached    financial                               in issuer
                           to shares (total   instruments
                           of 8.A)            (total of 8.B 1 +                                          
                                              8.B 2)

  Resulting
  situation on
  the date on
  which                    5.218600           0.000000              5.218600         100609367
  threshold was
  crossed or
  reached

  Position of
  previous                 4.987500           0.000000              4.987500
  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
                    
Class/Type of        Number of         Number of indirect   % of direct voting      % of indirect
shares ISIN          direct voting     voting rights        rights (DTR5.1)         voting rights   
code(if possible)    rights            (DTR5.2.1)                                   (DTR5.2.1)
                                                     
                                                   
GB0004300496         0                 100609367            0.000000                5.218600

Sub Total 8.A        100609367                              5.218600%

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

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of financial    Expiration      Exercise/conversion     Physical or cash   Number of      % of voting                                                 
instrument           date            period                  settlement         voting rights  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     Total of both if it
        Ultimate           Name of       if it equals or is   through financial      equals or is higher                       
        controlling        controlled    higher than the      instruments if it      than the notifiable
        person             undertaking   threshold            equals or is higher    threshold
                           notifiable                         than the notifiable                                                    

                           
        Ninety One         Ninety One
        Limited            Africa         0.000000             0.000000              0.000000%
        (Chain 1)          (Pty)
                           Limited

        Ninety One         Ninety
        Africa (Pty)       One SA
        Limited            (Pty)
        (Chain 1)          Limited        5.218600             0.000000              5.218600%

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
    08-Apr-2022
13. Place Of Completion
    London

Rosebank
11 April 2022


For further information on Pan African, please visit the Company's website at
www.panafricanresources.com


Contact 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

Cobus Loots                                      Deon Louw
Pan African Resources PLC                        Pan African Resources PLC
Chief executive officer                          Financial director
Office: + 27 (0) 11 243 2900                     Office: + 27 (0) 11 243 2900

Phil Dexter/Jane Kirton                          Ross Allister/David McKeown
St James's Corporate Services Limited            Peel Hunt LLP
Company secretary                                Nominated Adviser and Joint Broker
Office: + 44 (0) 20 7796 8644                    Office: +44 (0) 20 7418 8900
Ciska Kloppers                                   Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited
JSE Sponsor                                      Joint Broker
Office: + 27 (0) 11 011 9200                     Office: +44 (0) 20 7236 1010
Hethen Hira                                      Website: www.panafricanresources.com
Pan African Resources PLC

Head: Investor relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za

Date: 11-04-2022 08:00:00
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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.