PR Newswire
LONDON, United Kingdom, May 14
Pan African Resources PLC (Incorporated and registered in England and Wales under the Companies Act 1985 with registered 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”)
| Pan African Resources Funding Company Limited Incorporated in the Republic of South Africa with limited liability Registration number: 2012/021237/06 Alpha code: PARI
|
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 9 May 2024, LTS Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, entered into the following transactions:
Following this transaction, Mr Loots has an indirect beneficial interest of 5,896,248 ordinary shares, representing 0.2653 % 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 notification/Amendment: | Initial notification |
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 financial instrument, type of instrument:
| Ordinary shares of 1p each
Identification code: GB0004300496 |
b) |
| Nature of the transaction: | Trade 1: Collar structure Trade 2: Acquisition of shares Trade 3: Security for loan |
c) |
| Price(s) and volume(s): | Trade 1: Collar structure over 3,007,222 shares. Put option strike price (bought) ZA449.6 cents per share. Call option strike price (sold) ZA 906.81 cents per share. Trade 2: Acquisition of 711,744 shares at ZA 562 cents per share. Trade 3: Pledged 3,007,222 shares with a dividend sacrifice as security for a 2 year term loan of ZAR 11,340,187.01. |
d) |
| Aggregated information:
| Trade 1: Collar structure over 3,007,222 shares Trade 2: Acquisition value of ZAR4,000,001.28 Trade 3: Loan amount ZAR11,340,187.01 |
e) |
| Dates of the transactions: | 9 May 2024 |
f) |
| Place of the transaction: | Johannesburg Stock Exchange |
Additional information disclosed in accordance with the JSE Listings Requirements:
a) | Nature of interest of executive: | Trade 1: Indirect beneficial Trade 2: Indirect beneficial Trade 3: Indirect beneficial |
b) | On-market or off-market: Werbung Mehr Nachrichten zur Pan African Resources PLC Aktie kostenlos abonnieren
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