Pan African Resources plc (LON:PAF)

Pan African Resources plc (LON:PAF)


Share Price
11.26 p
Change
0.34 (3.11 %)
Market Cap
£217.13 m
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Pan African Resources plc

Pan African Resources is a mid-tier African-focused gold producer with a production capacity in excess of 170,000oz of gold per annum.

The Company’s strategic focus is on the exploitation of high-grade ore bodies that yield high margins with a relatively low cost base.

Pan African Resources has successfully grown profitable gold production in recent years via organic and acquisitive...

EPIC: PAF
Market: AIM:PAF
52-week High/Low: 11.50p / 7.02p
Sector: General Mining - Gold
Market Cap: £217.13 m
Website: www.panafricanresources.com
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Big Picture – A Deep Dive Examination of Pan African Resources plc


Pan African Resources plc Snapshot

Strategy

OUR STRATEGY

Our growth strategy is executed by identifying and exploiting mining opportunities that create stakeholder value by driving growth in our mineral reserve and resource base; production; earnings; cash flows in a margin-accretive manner; and by capturing the full precious metals mining value chain by focusing on:

  • Low cost base
  • Growth in mineral reserve base and profitable production
  • Positive impact on earnings, in a sustainable manner
  • Maximising recovered grade and production tonnes
  • High margins

OUR KEY STRATEGIC ENABLERS
We encourage an entrepreneurial culture that fosters consistent value accretion for stakeholders by first identifying and then executing opportunities within our business and operations. This culture further contributes to sourcing new investments, thereby bolstering our portfolio of mining assets.

The group is profitable and cash generative at the current gold price, with the ability to fund all on-mine sustaining capital expenditure internally and meet its other funding and growth commitments.

Overview 

 

For further information please click here 

UK & South Africa.

Board of Directors

Keith Spencer

Independant Non-Executive
Director
Chairman

Hester Hickey
Independent Non-Executive
Director

Thabo Mosololi
Independant Non-Executive
Director

Cobus Loots
Executive Director
CEO

Deon Louw
Exective Director
FD

Major Shareholders

Pan African Resources Capital Structure as at 31 March 2019

Shares in issue
2,234,687,537
Percentage of AIM Securities not in public hands 42.01%

Major Shareholder Information

Shareholder
Shares
%ISC
Allan Gray Investment Management 628,347,816 28.12
PAR Gold 306,358,058 13.71
Investec Asset Management 178,606,421 7.99
Coronation Fund Managers 156,104,064 6.99
Public Investment Corporation 120,380,866 5.39
Ruffer 105,654,795 4.73
River and Mercantile Asset Management 76,500,000 3.42

Directors Share Holdings

 
As at 
30-Jun-18
As at
30-Jun-17
Keith Spencer 3,000,000 3,000,000
Cobus Loots 668,675 560,675
Thabo Mosololi 50,000 30,000
Deon Louw 257,450 137,450
Total 3,976,125 3,728,125
No dealings in securities by the directors of the company took place between the financial year ended 30 June 2017 and the date of the results announcement on 20 September 2017.

 

Contact

South Africa Contacts

Corporate office
Leandra / Juanita
The Firs, 2nd Floor, Office 204
Cnr Biermann and Cradock Avenues
Rosebank
2196
Johannesburg, South Africa
Tel: + 27 11 243 2900
Fax: + 27 11 880 1240
E-mail: [email protected]

Public & Investor Relations SA
Aprio Strategic Communications
Oxford Corner
32A Jellicoe Avenue
Rosebank
2196
Julian Gwillim / Janet Parker
Tel: +27 (0)11 880 0037

Procurement/Vendor related enquiries
[email protected]

UK Contacts

Company Secretary
St James’s Corporate Services Limited
Suite 31, Second Floor
107 Cheapside
London, EC2V 6DN
United Kingdom
Tel: +44 (0)20 7796 8644
Phil Dexter
E-mail: [email protected]

UK

Registered Office
Suite 31, Second Floor
107 Cheapside
London, EC2V 6DN
Tel: +44 (0)20 7796 8644

Company Secretary
St James’s Corporate Services Limited
Suite 31, Second floor
107 Cheapside
London
EC2V 6DN
Phil Dexter / Jane Kirton
Tel: +44 (0)20 7796 8644

Legal Consultants
Fladgate LLP
16 Great Queen Street
London
WC2B 5DG
Nigel Gordon / Partner
Direct Dial +44 (0)20 3036 7389

Nominated Adviser and Joint Broker
Numis Securities Limited
The London Stock Exchange Building
10 Paternoster Square
London
EC4M 7LT
John Prior / Paul Gillam
Tel: +44 (0)20 7260 1000

Joint Broker
Peel Hunt LLP
Moor House
120 London Wall
London EC2Y 5ET
Ross Allister / David McKeown
Peel Hunt LLP
Tel: +44 (0)20 7418 8900

Joint Broker
BMO Capital Markets Limited
95 Queen Victoria Street
London EC4V 4HG
Jeffrey Couch / Thomas Rider / Neil Elliot
Tel: +44 (0)20 7236 1010

Public & Investor Relations
Buchanan Communications Ltd
107 Cheapside
London
EC2V 6DN
Bobby Morse / Chris Judd
Tel: +44 (0)20 7466 5000


South Africa

Corporate Office
Pan African Resources PLC
The Firs, 2nd Floor, Office 204
Cnr Biermann and Cradock Avenue,
Rosebank
2196
Tel: +27 (0)11 243 2900
Fax: +27 (0)11 880 1240

JSE Sponsor
Questco Corporate Advisory (Proprietary) Limited
Yellow Wood House
Ballywoods Office Park
33 Ballyclare Drive
Bryanston
2191
Marian Gaylard
Tel: +27 (0)11 011 9200

Public & Investor Relations
Aprio Strategic Communications
Oxford Corner
32A Jellicoe Avenue
Rosebank
2196
Julian Gwillim / Janet Parker
Tel: +27 (0)11 880 0037

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