PR Newswire
LONDON, United Kingdom, March 17
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
LSE: 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 that it has received notification that on 12 March 2026,
LTS Ventures (Pty) Ltd, an entity associated with the Chief Executive Officer,
Cobus Loots, entered into the following transactions:
· Disposed of 100,000 ordinary shares of 1p each in Pan African Resources
· Collar transaction for 400,000 ordinary shares of 1p each in Pan African
Resources (Collar transaction)
· The advance of a loan of ZAR 11,567,119 with a maturity date of 13 April
2027 and the Collar transaction shares pledged as security for the loan.
Following these transactions, Mr Loots has an indirect beneficial interest of
4,797,154 ordinary shares, representing 0.2056% of the Company’s issued share
capital and a direct beneficial interest of 1,148,700 ordinary shares,
representing 0.04922% 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: |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: GB0004300496
|
| |of instrument: |
|
+——————–+—————–+—————————————
-+
|b) |Nature of the |Trade 1: Disposal of shares
|
| |transaction: |
|
| | |Trade 2: Collar transaction
|
| | |
|
| | |Trade 3: Security for loan
|
+——————–+—————–+—————————————
-+
|c) |Price(s) and |Trade 1: Disposal of 100,000 shares at
|
| |volume(s): |ZAR34.51 per share
|
| | |
|
| | |Trade 2: Collar transaction over
400,000|
| | |shares with an expiry date of 13 April
|
| | |2027. Put option strike price (bought)
|
| | |ZAR31.19 per share. Call option strike
|
| | |price (sold) ZAR42.98 per share.
|
| | |Sacrifice of 50% dividends during
option|
| | |period.
|
| | |
|
| | |Trade 3: Pledged Collar transaction
|
| | |shares as security for a loan of
|
| | |ZAR11,567,119, with a maturity date of
|
| | |13 April 2027.
|
+——————–+—————–+—————————————
-+
|d) |Aggregated |Trade 1: Disposal value of ZAR3,451,000
|
| |information: |
|
| | |Trade 2: Collar transaction over
400,000|
| | |shares, having a market value of
|
| | |R13,844,000*
|
| | |
|
| | |Trade 3: Loan amount ZAR11,567,119 and
|
| | |pledged Collar transaction shares,
|
| | |having a market value of R13,844,000*
|
| | |
|
| | |*based on the prevailing market price
on|
| | |the JSE of R34.61 per share on 11 March
|
| | |2026
|
+——————–+—————–+—————————————
-+
|e) |Dates of the |Trade 1, 2 and 3: 12 March 2026
|
| |transactions: |
|
+——————–+—————–+—————————————
-+
|f) |Place of the |Trade 1,2 and 3: Johannesburg Stock
|
| |transaction: |Exchange
|
+——————–+—————–+—————————————
-+
Additional information disclosed in accordance with the JSE Listings
Requirements:
+–+————————————–+————————————+
|a)|Nature of interest of executive: |Trade 1, 2 and 3: Indirect |
| | |beneficial |
+–+————————————–+————————————+
|b)|On-market or off-market: |Trade 1: On-market |
| | | |
| | |Trade 2 and 3: Off-market |
+–+————————————–+————————————+
|c)|Clearance given in terms of paragraph |Yes |
| |6.83 of the JSE Listings Requirements:| |
+–+————————————–+————————————+
|d)|Total value of transactions |Trade 1: ZAR3,451,000 |
| | | |
| | |Trade 2: Collar transaction shares, |
| | |having a market value of |
| | |R13,844,000* |
| | | |
| | |Trade 3: ZAR11,567,119 loan amount |
| | |and R13,844,000, being the market |
| | |value of the Collar transaction |
| | |shares pledged* |
| | | |
| | |*based on the prevailing market |
| | |price on the JSE of R34.61 per share|
| | |on 11 March 2026 |
+–+————————————–+————————————+
|e)|Holding following transactions: |Indirect beneficial 4,797,154 |
| | |ordinary shares |
| | | |
| | |Direct beneficial 1,148,700 ordinary|
| | |shares |
+–+————————————–+————————————+
Johannesburg
17 March 2026
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 107 Cheapside, 2nd Floor
2nd Floor, Office 204 London, EC2V 6DN
Corner Cradock and Biermann Avenues United Kingdom
Rosebank, Johannesburg Office: + 44 (0)20 3869
0706
South Africa
[email protected]
Office: + 27 (0)11 243 2900
[email protected]
Chief Executive Officer Financial Director and debt
officer
Cobus Loots
Marileen Kok
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: [email protected]
Company Secretary Joint Broker
Jane Kirton Ross Allister/Georgia
Langoulant
St James’s Corporate Services Limited
Peel Hunt LLP
Office: + 44 (0)20 3869 0706
Office: +44 (0)20 7418 8900
JSE Sponsor & JSE Debt Sponsor Joint Broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary BMO Capital Markets Limited
Limited
Office: +44 (0)20 7236 1010
Office: + 27 (0) 63 482 3802
Joint Broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler &
Co KG (Berenberg)
Office: +44 (0)20 3207 7800
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https://news.cision.com/pan-african-resources-plc/r/director-pdmr-shareholding,c4322270
