Last checked at 16 Sep 2021 13:00
Pan African Resources Plc - Director/PDMR ShareholdingPan African Resources Plc - Director/PDMR Shareholding
PR Newswire
London, September 16
Pan African Resources PLC
(Incorporated and registered in England and Wales under the UK Companies Act 2006 with registration number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African Resources or the Company)
DIRECTOR’S DEALINGS IN SECURITIES
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
The Company announces it has received notification that Financial Director, Deon Louw, bought 220,000 ordinary shares of 1p each in Pan African Resources on 15 September 2021.
Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Louw has an indirect beneficial interest of 3,122,349 ordinary shares, representing 0.1397% of the Company's issued share capital and a direct beneficial interest of 758,112 ordinary shares, representing 0.0339% of the Company's issued share capital.
The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name: | Deon Louw |
| 2. | Reason for the notification | |
| a) | Position/status: | Finance Director |
| b) | Initial notification/Amendment: | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Company name: | Pan African Resources PLC |
| b) | LEI: | 213800EAXURCXMX6RL85 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument: | Ordinary shares of 1p each Identification code: GB0004300496 |
| b) | Nature of the transaction: | Acquisition of ordinary shares |
| c) | Price(s) and volume(s): | 220,000 ordinary shares VWAP ZA 341.54 cents per share Low ZA 340.00 cents per share High ZA 345.00 cents per share |
| d) | Aggregated information: | ZAR 751,398.67 |
| e) | Dates of the transaction: | 15 September 2021 |
| f) | Place of the transaction: | Johannesburg Stock Exchange |
Additional information disclosed in accordance with the JSE Listings Requirements:
| a) | Nature of interest of executive: | Direct beneficial |
| b) | On-market or off-market: | On-market |
| c) | Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements: | Yes |
| d) | Holding following transactions: | Indirect beneficial 3,122,349 ordinary shares, Direct beneficial 758,112 ordinary shares |
Johannesburg
16 September 2021
Sponsor: Questco Corporate Advisory Proprietary Limited