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 1 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                                                                          1 April 2022

 Aggregate number of Ordinary Shares purchased                                                  381,510

 London Stock Exchange (“LSE”) purchases
 Number of Ordinary Shares purchased on LSE                                                     381,510
 Lowest price paid per share (pence per share):                                                  22.350
 Highest price paid per share (pence per share):                                                 22.380
 Volume weighted average price paid per share (pence per share):                                 22.376

 Johannesburg Stock Exchange (“JSE”) purchases
 Number of Ordinary Shares purchased on JSE                                                           -
 Lowest price paid per share (ZAr per share):                                                         -
 Highest price paid per share (ZAr per share):                                                        -
 Volume weighted average price paid per share (ZAr per share):                                        -


Following the purchase, the Company will have 2,234,306,027 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,234,306,027 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.

Individual transactions on LSE:

      Number of shares            Transaction price      Time of transaction           Execution venue
           purchased              (pence per share)


                                                                                                         
                    334,315                   22.380                   08:10:04                     AIMX
                     18,799                   22.350                   08:02:49                     AIMX
                     28,396                   22.350                   08:00:46                     AIMX


   
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

4 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: 04-04-2022 07:57:00
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