TIDMPAF 
 
Pan African    Pan African Resources Funding 
Resources PLC  Company Limited 
 
(Incorporated  Incorporated in the Republic of 
and            South Africa with limited 
registered in  liability 
England and 
Wales under    Registration number: 
the Companies  2012/021237/06 
Act 1985 with 
registered     Alpha code: PARI 
number 
3937466 on 25 
February 
2000) 
 
Share code on 
AIM: PAF 
 
Share code on 
JSE: PAN 
 
ISIN: 
GB0004300496 
 
ADR ticker 
code: PAFRY 
 
("Pan African 
Resources" or 
the 
"Company") 
 
DIRECTOR'S DEALINGS IN SECURITIES 
 
DEALING NOTIFICATION FORM 
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY 
ASSOCIATED PERSONS 
 
The Company announces it has received notification that Financial Director, Deon 
Louw, bought 134,748 ordinary shares of 1p each in Pan African Resources on 26 
October 2023. 
 
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 0.1405% of the Company's issued share capital and a direct 
beneficial interest of 1,122,860 ordinary shares, representing 0.0505% 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                |Initial notification             | 
|                    |notification/Amendment:|                                 | 
+--------------------+-----------------------+---------------------------------+ 
|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     |Ordinary shares of 1p each       | 
|                    |financial instrument,  |                                 | 
|                    |type of instrument:    |Identification code: GB0004300496| 
+--------------------+-----------------------+---------------------------------+ 
|b)                  |Nature of the          |Acquisition of ordinary shares   | 
|                    |transaction:           |                                 | 
+--------------------+-----------------------+---------------------------------+ 
|c)                  |Price(s) and volume(s):|                                 | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||Price(s)            |Volume(s)| | 
|                    |                       ||                    |         | | 
|                    |                       ||(ZA cents per share)|         | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||364.00              |2,468    | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||364.00              |3,761    | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||365.00              |40,000   | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||367.00              |29,627   | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||368.00              |28,892   | | 
|                    |                       |+--------------------+---------+ | 
|                    |                       ||369.00              |30,000   | | 
|                    |                       |+--------------------+---------+ | 
+--------------------+-----------------------+---------------------------------+ 
|d)                  |Aggregated information:|134,748 ordinary shares          | 
|                    |                       |                                 | 
|                    |                       |VWAP ZA 366.93 cents per share   | 
+--------------------+-----------------------+---------------------------------+ 
|e)                  |Dates of the           |26 October 2023                  | 
|                    |transaction:           |                                 | 
+--------------------+-----------------------+---------------------------------+ 
|f)                  |Place of the           |Johannesburg Stock Exchange      | 
|                    |transaction:           |                                 | 
+--------------------+-----------------------+---------------------------------+ 
 
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 |Yes                | 
|  |3.66 of the JSE Listings Requirements:|                   | 
+--+--------------------------------------+-------------------+ 
|d)|Total value of transaction            |ZAR 494,427.21     | 
+--+--------------------------------------+-------------------+ 
|e)|Holding following transactions:       |Indirect beneficial| 
|  |                                      |3,122,349 ordinary | 
|  |                                      |shares,            | 
|  |                                      |                   | 
|  |                                      |Direct beneficial  | 
|  |                                      |1,122,860 ordinary | 
|  |                                      |shares             | 
+--+--------------------------------------+-------------------+ 
 
Johannesburg 
 
30 October 2023 
 
For further information on Pan African, please visit the Company's website at 
 
www.panafricanresources.com 
 
+-----------------------------------------------+---------------------------+ 
|Corporate information                                                      | 
+-----------------------------------------------+---------------------------+ 
|Corporate office                               |Registered office          | 
|                                               |                           | 
|The Firs Building                              |2nd Floor                  | 
|                                               |                           | 
|2nd Floor, Office 204                          |107 Cheapside              | 
|                                               |                           | 
|Corner Cradock and Biermann Avenues            |London                     | 
|                                               |                           | 
|Rosebank, Johannesburg                         |EC2V 6DN                   | 
|                                               |                           | 
|South Africa                                   |United Kingdom             | 
|                                               |                           | 
|Office: + 27 (0) 11 243 2900                   |Office: + 44 (0) 20 7796   | 
|                                               |8644                       | 
|info@paf.co.za                                 |                           | 
|                                               |info@paf.co.za             | 
+-----------------------------------------------+---------------------------+ 
|Chief executive officer                        |Financial director and debt| 
|                                               |officer                    | 
|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                     | 
|Jane Kirton                                    |                           | 
|                                               |Ross Allister/Bhavesh Patel| 
|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                        |Office: +44 (0) 20 7236    | 
|9200 (https://www.google.co.za/search?q=questco|1010                       | 
|&rlz=1C1EJFC_enZA816ZA818&oq=q                 |                           | 
|uestco&aqs=chrome..69i57j0l5.1                 |                           | 
|159j0j4&sourceid=chrome&ie=UTF-8)              |                           | 
+-----------------------------------------------+---------------------------+ 
|                                               |Joint broker               | 
|                                               |                           | 
|                                               |Matthew Armitt/Jennifer Lee| 
|                                               |                           | 
|                                               |Joh. Berenberg, Gossler &  | 
|                                               |Co KG (Berenberg)          | 
|                                               |                           | 
|                                               |Office: +44 (0) 20 3207    | 
|                                               |7800                       | 
+-----------------------------------------------+---------------------------+ 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

October 30, 2023 10:00 ET (14:00 GMT)

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