Pan African Resources Plc – Director/PDMR Shareholding

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 LSE: 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

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: Security for a loan

c)

Price(s) and volume(s):

Trade 1: Collar structure over 500,000 shares. Put option strike price (bought) ZAR23.72 per share. Call option strike price (sold) ZAR33.61 per share

Trade 2: Pledged 500,000 shares as security for a loan of ZAR11,860,000
 

d)

Aggregated information:

Trade 1: Collar Structure

Trade 2:
 
Loan value of R11,860,000. Market value of the shares transferred of GBP 520,000, based on the closing market price on the LSE of GBP 1.04 per share on 23 June 2026

e)

Dates of the transactions:

Trade 1: 23 June 2026

Trade 2: 23 June 2026

f)

Place of the transactions:

Trade 1 and 2: Johannesburg Stock Exchange

a)

Nature of interest of executive:

Trade 1 and 2: Indirect beneficial interest

b)

On-market or off-market:

Trade 1 and 2: Off-market

c)

Clearance given in terms of paragraph 6.83 of the JSE Listings Requirements:

Yes

d)

Total value of transactions

Trade 1: No premium

Trade 2: Loan value of ZAR11,860,000. Market value of the shares pledged as security of ZAR11,425,000, based on the closing market price on the JSE of ZAR22.85 per share on 23 June 2026

e)

Holding following transactions:

Indirect beneficial 2,781,448 ordinary shares

Direct beneficial 554,790 ordinary shares
 

Corporate information

Corporate Office

The Firs Building

2nd Floor, Office 204

Corner Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: + 27 (0)11 243 2900

info@paf.co.za

Registered Office

107 Cheapside, 2
nd
Floor

London, EC2V 6DN

United Kingdom

Office: + 44 (0)20 3869 0706

 



jane.kirton@corpserv.co.uk

Chief Executive Officer


 

Cobus Loots
     

Office: + 27 (0)11 243 2900
                                         

Financial Director and debt officer

Marileen Kok

Office: + 27 (0)11 243 2900

Head: Investor Relations

Hethen Hira

Tel: + 27 (0)11 243 2900

E-mail:


hhira@paf.co.za

Website:


www.panafricanresources.com

Company Secretary

Jane Kirton

St James’s Corporate Services Limited

Office: + 44 (0)20 3869 0706

Joint Broker

Ross Allister/Georgia Langoulant

Peel Hunt LLP

Office: +44 (0)20 7418 8900

JSE Sponsor & JSE Debt Sponsor

Ciska Kloppers

Questco Corporate Advisory Proprietary Limited

Office: + 27 (0) 78 286 9556

Joint Broker

Thomas Rider/Nick Macann

BMO Capital Markets Limited

Office: +44 (0)20 7236 1010

Joint Broker

Matthew Armitt/Jennifer Lee

Joh. Berenberg, Gossler & Co KG (Berenberg)

Office: +44 (0)20 3207 7800