PAN AFRICAN RESOURCES PLC – TR-1: Standard Form for Declaration of Significant Holdings – SENS

TR-1: Standard form for notification of major holdings

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

TR-1: Standard form for notification of major holdings

MAJOR HOLDING NOTIFICATION (to be sent to the relevant issuer and FCA in Microsoft
Word format if possible)i

1a. Identity of the issuer or the underlying
Pan African Resources Plc
holder of existing shares to which voting rights are attached
are attachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an ‘X’ where applicable)
Non-UK issuer

2. Reason for notification (please tick the appropriate box(es) with an “X”)

An acquisition or sale of voting rights X

An acquisition or disposal of financial instruments

An event modifying the distribution of voting rights

Other (please specify)iii:

3. Contact details of the person subject to the notification obligationiv

Coronation Asset Management (Pty) Ltd acting as dis-
Appoint a creative investment manager on behalf of
wallets.
Head Office City and Country (if applicable) Cape Town, South Africa

4. Full name of shareholder(s) (if different from 3.)v

Name N/A

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or
03/03/2022
reachedvi:

6. Date on which the issuer notified (DD/MM/YYYY): 07/03/2022

7. Total positions of the person(s) subject to the notification obligation
% of voting rights
% of voting rights in Total number of
through financial instruments Total of both in %
attached to the shares (voting rights of
(8.A + 8.B)
tal of 8. A) follow
(total of 8.B 1 + 8.B 2)
Resulting situation
in date of
of which threshold 3.05% 3.05% 2,234,687,537
has been crossed or
hit
Pre-position
prior notification (if 2.34% 2.34%
in force)

8. Notified detail of the resulting situation on the date the threshold was crossed or
achievedviii
A: Voting rights attached to shares
Class/type of Number of voting rights6 % of voting rights
actions
ISIN code (if possible) Direct Indirect Direct Indirect
(Art 9 of the directive (Art 10 of the directive (Art 9 of the directive (Art 10 of the directive
2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)

GB0004300496 68,076,872 3.05%

SUBTOTAL 8. A 68,076,872 3.05%

B 1: Financial instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of in- Expiry exercise/ which can be acquired if
% of voting rights
date of the instrumentx Conversion periodxi the instrument is
exercised/converted.

SUBTOTAL 8. B 1

B 2: Financial instruments with a similar economic effect according to Art. 13(1)(b) of the Directive
2004/109/EC (DTR5.3.1.1 (b))

Exercise/Physical or
Maturity type Financial Number of
Pe-cash conversion % of voting rights
instrument datex voting rights
riod xi regulationsxii

TOTAL
8.B.2

9. Information relating to the person subject to the notification obligation (please
applicable box with an “X”)
The person subject to the notification obligation is not controlled by any natural or legal person and does not
control any other company that directly or indirectly holds an interest in the (underlying) issuer xiii

Complete chain of controlled companies through which voting rights and/or
the financial instruments are effectively held starting with the natural or legal person who has ultimate control xiv X
(please add additional rows if needed)
% of voting rights
% of voting rights if it is Total of both if it is
through in-
is equal or greater equal or greater
Namexv struments if equal to
than the notifiable than the notifiable
or is greater than the
threshold threshold
notification threshold
Coronation Fund Managers
ltd
Coronation investment
Management SA (Pty) Ltd
Coronation Asset Management-
3.05% 3.05%
ment (Pty) Ltd

10. If voting by proxy, please identify:
Agent’s name

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Location of completion Cape Town, South Africa

Completion date 07 March 2022

Rose Bank
March 7, 2022

For more information about Pan African, please visit the company’s website at
www.panafricanresources.com

Contact information

Head office Head office
The first Suite 31 office building
2nd floor, Suite 204 Second floor
Corner of Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0) 11 243 2900 UK
[email protected] Office: + 44 (0) 20 7796 8644

Cobus loot Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Financial Officer
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900

Phil Dexter/Jane Kirton Ross Allister/David McKeown
St James’s Corporate Services Limited Peel Hunt LLP
Corporate Secretary Appointed Advisor and Co-Broker
Office: + 44 (0) 20 7796 8644 Office: +44 (0) 20 7418 8900

Ciska KloppersThomas 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
Responsible: Investor Relations
Tel: + 27 (0)11 243 2900
Email: [email protected]

Date: 07-03-2022 11:28:00
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