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PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings

2021/08/05 15:30:00

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                    TR-1: Standard form for notification of major holdings

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR code: PAFRY
(“Pan African” or the “Company”)

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 acquisition or disposal of voting rights

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
   04-Aug-2021

6. Date on which Issuer notified
   05-Aug-2021

7. Total positions of person(s) subject to the notification obligation

                         % of voting
                                           % of voting rights
                         rights                                Total of         Total number
                                           through financial
            .            attached to                           both in %        of voting rights
                                           instruments (total
                         shares (total                         (8.A + 8.B)      held in issuer
                                           of 8.B 1 + 8.B 2)
                         of 8.A)
  Resulting situation
  on the date on
  which threshold        5.000001          0.000000            5.000001         111734400
  was crossed or
  reached

  Position of
  previous
  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               % of indirect
shares ISIN code  direct voting    voting rights        voting rights             voting rights
(if possible)     rights (DTR5.1)  (DTR5.2.1)           (DTR5.1)                  (DTR5.2.1)
GB0004300496      0                111,734,400          0.000000                  5.000001

Sub Total 8.A     111,734,400                           5.000001%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

                                                       Number of voting rights that
                                                                                      % of
Type of financial   Expiration   Exercise/conversion   may be acquired if the
                                                                                      voting
instrument          date         period                instrument is
                                                                                      rights
                                                       exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of                                                                                  % of
              Expiration    Exercise/conversion      Physical or cash   Number of
financial                                                                                voting
              date          period                   settlement         voting rights
instrument                                                                               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
                                                            through financial
     Ultimate           Name of        if it equals or is                            equals or is
                                                            instruments if it
     controlling        controlled     higher than the                               higher than the
                                                            equals or is higher
     person             undertaking    notifiable                                    notifiable
                                                            than the notifiable
                                       threshold                                     threshold
                                                            threshold
     Ninety One        Ninety One
                                       100.000000           0.000000                 100.000000
     Global Limited    UK Limited

                       Ninety One
     Ninety One Plc    Global          100.000000           0.000000                 100.000000
                       Limited

     Ninety One        Ninety One
     Africa (Pty)      SA (Pty)        100.000000           0.000000                 100.000000
     Limited           Limited

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
    05-Aug-2021

13. Place of Completion
    London


Rosebank

5 August 2021

For further information on Pan African Resources, 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

Cnr. 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/Alexander Allen

St James's Corporate Services Limited            Peel Hunt LLP

Company Secretary                                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: 05-08-2021 03:30:00
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