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TR-1: Standard form for notification of major holdings
Pan African Resources PLC
(Incorporated and registered in England and Wales under UK Companies Act 2006 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR code: PAFRY
(“Pan African” or the “Company”)
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0004300496
Issuer Name
PAN AFRICAN RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An event changing the breakdown of voting
3. Details of person subject to the notification obligation
Name
Ruffer LLP
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification
obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
26-Nov-2021
6. Date on which Issuer notified
30-Nov-2021
7. Total positions of person(s) subject to the notification obligation
% of voting
% of voting rights
rights Total of Total number
through financial
. attached to both in % of voting rights
instruments (total
shares (total (8.A + 8.B) held in issuer
of 8.B 1 + 8.B 2)
of 8.A)
Resulting situation
on the date on
which threshold 4.490957 0.000000 4.490957 100358862
was crossed or
reached
Position of
previous
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was
crossed or reached
8A. Voting rights attached to shares
Class/Type of Number of direct Number of % of direct % of indirect
shares ISIN code voting rights indirect voting voting rights voting rights
(if possible) (DTR5.1) rights (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB0004300496 100358862 0 4.490957 0.000000
Sub Total 8.A 100358862 4.490957%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that
% of
Type of financial Expiration Exercise/conversion may be acquired if the
voting
instrument date period instrument is
rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of % of
Expiration Exercise/conversion Physical or cash Number of
financial voting
date period settlement voting rights
instrument rights
Sub Total
8.B2
9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or
legal entity and does not control any other undertaking(s) holding directly or indirectly an
interest in the (underlying) issuer.
% of voting % of voting rights
Total of both if
rights if it through financial
Ultimate Name of it equals or is
equals or is instruments if it
controlling controlled higher than the
higher than the equals or is higher
person undertaking notifiable
notifiable than the notifiable
threshold
threshold threshold
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Ruffer LLP now controls the voting rights over 100,358,862 shares (Less than 5% of the
voting rights) of Pan African Resources plc which are held by the discretionary clients of
Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP).
This change from 5% to less than 5% is due to a correction in issued share capital of the
issuer on 26 November 2021.
12. Date of Completion
30-Nov-2021
13. Place Of Completion
Ruffer LLP
Rosebank
1 December 2021
For further information on Pan African Resources, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0)11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0)20 7796 8644
Cobus Loots Deon Louw
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
Phil Dexter/Jane Kirton Ross Allister/Alexander Allen
St James's Corporate Services Limited Peel Hunt LLP
Company Secretary Joint Broker
Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
JSE Sponsor Joint Broker
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Hethen Hira Website: www.panafricanresources.com
Pan African Resources PLC
Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Date: 01-12-2021 10:05:00
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