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 on 3 November 2023, LTS 
Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus 
Loots, transferred 3,000,000 ordinary shares of 1p each in Pan African Resources 
between stock holding accounts for nil consideration, and Mr Loots in his 
personal capacity, transferred 81,417 ordinary shares of 1p each in Pan African 
Resources between stock holding accounts for nil consideration. There was no 
change to the direct or indirect beneficial ownership of Mr Loots's holding. 
 
Following this transaction, Mr Loots has an indirect beneficial interest of 
5,184,504 ordinary shares, representing 0.2332% of the Company's issued share 
capital and a direct beneficial interest of 1,873,982 ordinary shares, 
representing 0.0843% of the Company's issued share capital and 314,280 open 
contracts for differences (CFDs). 
 
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:            |Cobus Loots                 | 
+--------------------++-----------------+----------------------------+ 
|2.                  ||Reason for the   |                            | 
|                    ||notification     |                            | 
+--------------------++-----------------+----------------------------+ 
|a)                  ||Position/status: |Chief Executive Officer     | 
+--------------------++-----------------+----------------------------+ 
|b)                  ||Initial          |Initial notification        | 
|                    ||notification/Amen|                            | 
|                    ||dment:           |                            | 
+--------------------++-----------------+----------------------------+ 
|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   |Ordinary shares of 1p each  | 
|                    ||the financial    |                            | 
|                    ||instrument, type |Identification code:        | 
|                    ||of instrument:   |GB0004300496                | 
+--------------------++-----------------+----------------------------+ 
|b)                  ||Nature of the    |Transfer                    | 
|                    ||transaction:     |                            | 
+--------------------++-----------------+----------------------------+ 
|c)                  ||Price(s) and     |Transfer 1: 3,000,000       | 
|                    ||volume(s):       |ordinary shares for nil     | 
|                    ||                 |consideration               | 
|                    ||                 |                            | 
|                    ||                 |Transfer 2: 81,417 ordinary | 
|                    ||                 |shares for nil consideration| 
+--------------------++-----------------+----------------------------+ 
|d)                  ||Aggregated       |Transfer 1: 3,000,000       | 
|                    ||information:     |ordinary shares for nil     | 
|                    ||                 |consideration               | 
|                    ||                 |                            | 
|                    ||                 |Transfer 2: 81,417 ordinary | 
|                    ||                 |shares for nil consideration| 
+--------------------++-----------------+----------------------------+ 
|e)                  ||Dates of the     |3 November 2023             | 
|                    ||transactions:    |                            | 
+--------------------++-----------------+----------------------------+ 
|f)                  ||Place of the     |Johannesburg Stock Exchange | 
|                    ||transaction:     |                            | 
+--------------------++-----------------+----------------------------+ 
 
Additional information disclosed in accordance with the JSE Listings 
Requirements: 
 
+--+--------------------------------------+--------------------+ 
|a)|Nature of interest of executive:      |Transfer 1: Indirect| 
|  |                                      |beneficial          | 
|  |                                      |                    | 
|  |                                      |Transfer 2: Direct  | 
|  |                                      |beneficial          | 
+--+--------------------------------------+--------------------+ 
|b)|On-market or off-market:              |Off-market          | 
+--+--------------------------------------+--------------------+ 
|c)|Clearance given in terms of paragraph |Yes                 | 
|  |3.66 of the JSE Listings Requirements:|                    | 
+--+--------------------------------------+--------------------+ 
|d)|Total value of transactions           |Nil consideration   | 
+--+--------------------------------------+--------------------+ 
|e)|Holding following transactions:       |Indirect beneficial | 
|  |                                      |5,184,504 ordinary  | 
|  |                                      |shares              | 
|  |                                      |                    | 
|  |                                      |Direct beneficial   | 
|  |                                      |1,873,982 ordinary  | 
|  |                                      |shares              | 
|  |                                      |                    | 
|  |                                      |314,280 open CFDs   | 
+--+--------------------------------------+--------------------+ 
 
Johannesburg 
 
8 November 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

November 08, 2023 09:45 ET (14:45 GMT)

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