PAN AFRICAN RESOURCES PLC – TR-1: Standard form for notification of significant holdings – SENS


TR-1: Standard form for notification of large holdings

Pan-African Resources PLC
(Incorporated and registered in England and Wales under the UK Companies Act 2006 with
registration number 3937466 on February 25, 2000)
Share the code on AIM: PAF
Share the code on JSE: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)

TR-1: Standard form for notification of large holdings

1. Issuer details
Issuer name
British or non-British transmitter

2. Reason for notification
An event that changes the distribution of votes

3. Contact details of the person subject to the notification obligation
Ruffer LLP
Headquarters city (if applicable)
Country of head office (if applicable)

4. Contact details of the shareholder
Full name of the shareholder (s) if different from the person (s) notified
obligation, above

Headquarters city (if applicable)

Country of head office (if applicable)

5. Date on which the threshold was crossed or reached

6. Date on which the Issuer notified

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

% of votes
% of voting rights
Total rights of Total number
through finance
. attached to both as% of voting rights
instruments (total
shares (total (8.A + 8.B) held in the issuer
of 8.B 1 + 8.B 2)
of 8.A)
Resulting situation
in date of
which threshold 4.490957 0.000000 4.490957 100358862
was crossed or

Position of
notification (if
in force)

8. Details notified of the resulting situation on the date on which the threshold was set.
crossed or reached
8A. Voting rights attached to the shares

Class / Type of Number of direct Number of% of direct% of indirect
shares ISIN code voting rights indirect voting voting rights voting rights
(if possible) (DTR5.1) rights (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB0004300496 100358862 0 4.490957 0.000000

Sub-total 8.A 100 358 862 4.490957%

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

Number of voting rights that
% of
Financial Expiration Type Exercise / conversion can be acquired if the
instrument date period instrument is
exercised / converted
Subtotal 8.B1

8B2. Financial instruments having a similar economic effect according to (DTR5.3.1R. (1) (b))

% Type
Expiration Fiscal year / conversion Physical or cash Number of
financial vote
date period regulation voting rights
instrument rights

9. Information relating to the person subject to the notification obligation
1. The person subject to the notification obligation is not controlled by any natural person or
legal person and does not control any other company directly or indirectly holding a
interest in the (underlying) issuer.
% of votes% of voting rights
Total of both if
rights if it is a financial means
Ultimate name of it is equal or is
is equal or is an instrument if it
control controlled higher than the
greater than equal or greater
company person to notify
to notify that the notifiable
threshold threshold

10. In case of proxy voting
Name of representative

The number and% of voting rights held

The date until which the voting rights will be held

11. Additional information
Ruffer LLP now controls the voting rights on 100,358,862 shares (Less than 5%
voting rights) of Pan African Resources plc which are held by discretionary clients of
Ruffer LLP and its subsidiaries (whose voting is fully controlled by Ruffer LLP).

This drop from 5% to less than 5% is due to a correction of the issued share capital of the
issuer on November 26, 2021.
12. Completion date

13. Place of completion
Ruffer LLP


December 1, 2021

For more information on Pan-African Resources, please visit the company’s website at

Contact information

Headquarters Headquarters

Suite 31 of the Les sapins office building

2nd floor, office 204 2nd floor

Cnr. Avenues Cradock and Biermann 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 loots Deon Louw

Pan African Resources PLC Pan African Resources PLC

Managing Director 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 Co-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’s website:

Pan-African Resources PLC

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

Date: 01-12-2021 10:05:00
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