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Pan African Resources Plc - Director/PDMR Shareholding

Pan African Resources PLC (Incorporated and registered in and under the Companies Act 1985 with registered number 3937466 on ) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 (Pan African or the Company or the Group)




EnglandWales25 February 2000

PDMR Dealings

Pan African announces that, following the restructuring of the Group’s long-term incentive schemes as announced on , the Company has received notifications from the Directors and Persons Discharging Managerial Responsibilities () set out in the tables below.17 September 2020PDMR

As part of the restructuring, certain executive directors and prescribed officers have agreed to relinquish the share options issued to them under the Pan African Corporate Share Option Scheme established (). In addition, the executive directors namely (Chief Executive Officer) and (Financial Director) have agreed to relinquish their entitlement to receive shares in respect of the terms of their employment contracts. In of the aforementioned relinquishments, the executive directors and prescribed officers will receive a restricted class B ordinary shares of no par value in the share capital of PAR Gold Proprietary Limited in terms of a newly established Pan African B Executive Incentive Scheme.PACOSCobus LootsDeon Louwlieu

   

   

   

   

   

   

   

For further information on Pan African, please visit the Company's website at

www.panafricanresources.com

1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

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. 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   Options over ordinary shares of 1p each
   instrument, type of instrument
   Identification code            Identification code: GB0004300496

b. Nature of the transaction      Relinquishment of share options

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  n/a      12,427,686


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketCobus Loots16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                                     

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. 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, Ordinary shares of 1p each
   type of instrument Identification code   Identification code: GB0004300496

b. Nature of the transaction                Relinquishment of share entitlement

c. Price(s) and volume(s)
                                            Price(s) Volume(s)

                                            n/a      5,000,000


d. Aggregated information
                                            See above

e. Date of the transaction                  

f. Place of the transaction                 Off marketCobus Loots16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

2. Reason for the notification

a. Position/status                Financial Director

b. Initial notification/Amendment Initial Notification

3. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a. 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   Options over ordinary shares of 1p each
   instrument, type of instrument Identification code: GB0004300496
   Identification code

b. Nature of the transaction      Relinquishment of share options

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  n/a      8,690,599


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketDeon Louw16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                                     

2. Reason for the notification

a. Position/status                          Financial Director

b. Initial notification/Amendment           Initial Notification

3. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a. 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, Ordinary shares of 1p each
   type of instrument Identification code   Identification code: GB0004300496

b. Nature of the transaction                Relinquishment of share entitlement

c. Price(s) and volume(s)
                                            Price(s) Volume(s)

                                            n/a      3,100,000


d. Aggregated information
                                            See above

e. Date of the transaction                  

f. Place of the transaction                 Off marketDeon Louw16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

2. Reason for the notification

a. Position/status                Chief Operating Officer

b. Initial notification/Amendment Initial Notification

3. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a. 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   Options over ordinary shares of 1p each
   instrument, type of instrument
   Identification code            Identification code: GB0004300496

b. Nature of the transaction      Relinquishment of share options

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  n/a      8,109,463


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketAndre van den Bergh16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

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. Name                           PAR Gold Proprietary Limited

b. LEI                            N/A

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   Restricted class B ordinary shares of no
   instrument, type of instrument par value
   Identification code

b. Nature of the transaction      Award of shares

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  R0.0001  17,107,579


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketCobus Loots16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

2. Reason for the notification

a. Position/status                Financial Director

b. Initial notification/Amendment Initial Notification

3. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a. Name                           PAR Gold Proprietary Limited

b. LEI                            N/A

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   Restricted class B ordinary shares of no
   instrument, type of instrument par value
   Identification code

b. Nature of the transaction      Award of shares

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  R0.0001  11,523,153


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketDeon Louw16 September 2020
1. Details of the person discharging managerial responsibilities / person
   closely associated

a. Name                           

2. Reason for the notification

a. Position/status                Chief Operating Officer

b. Initial notification/Amendment Initial Notification

3. Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a. Name                           PAR Gold Proprietary Limited

b. LEI                            N/A

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   Restricted class B ordinary shares of no
   instrument, type of instrument par value
   Identification code

b. Nature of the transaction      Award of shares

c. Price(s) and volume(s)
                                  Price(s) Volume(s)

                                  R0.0001  7,541,800


d. Aggregated information
                                  See above

e. Date of the transaction        

f. Place of the transaction       Off marketAndre van den Bergh16 September 2020
Contact information

Corporate Office                       Registered Office
               Suite 31
2nd Floor, Office 204                  Second Floor
Cnr. Cradock and Biermann Avenues      107 Cheapside
Rosebank,                  
                           EC2V 6DN
Office: + 27 (0)11 243 2900            United Kingdom
                         Office: + 44 (0)20 7796 8644

                            
Pan African Resources PLC              Pan African Resources PLC
Chief Executive Officer                Financial Director
Office: + 27 (0)11 243 2900            Office: + 27 (0)11 243 2900

/                /
St James's Corporate Services Limited  Peel Hunt LLP
Company Secretary                      Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8644           Office: +44 (0)20 7418 8900

                         /
Questco Corporate Advisory Proprietary BMO Capital Markets Limited
Limited                                Joint Broker
                            Office: +44 (0)20 7236 1010
Office: + 27 (0)11 011 9200

Hethen Hira                            Website: 
Pan African Resources PLC
Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail:The Firs Office BuildingJohannesburgLondonSouth Africa[email protected]www.panafricanresources.com[email protected]Cobus LootsDeon LouwPhil DexterJane KirtonRoss AllisterDavid McKeownCiska KloppersThomas RiderNeil ElliotJSE Sponsor

Quick facts: Pan African Resources plc

Price: 19.3

Market: AIM
Market Cap: £372.17 m
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