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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 Companies Act 1985 with registered number
3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African Resources or the Company)
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)i
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are at- PAN AFRICAN RESOURCES Plc
tachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PRO-
Name
PRIETARY LIMITED
City and country of registered office (if applicable) Cape Town, South Africa.
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
16 NOVEMBER 2020
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 17 NOVEMBER 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights at- Total number of
through financial instru- Total of both in %
tached to shares (to- voting rights of is-
ments (8.A + 8.B)
tal of 8. A) suervii
(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
9.993% 9.993% 2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if 10.4405% 10.4405%
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of Number of voting rightsix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
GB0004300496 223 316 487 9.993%
SUBTOTAL 8. A 223 316 487 9.993%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of financial in- Expiration Exercise/ that may be acquired if
% of voting rights
strument datex Conversion Periodxi the instrument is exer-
cised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Exercise/ Physical or
Type of financial Expiration Number of
Conversion Pe- cash % of voting rights
instrument datex voting rights
riod xi settlementxii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
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 xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv
(please add additional rows as necessary)
% of voting rights
% of voting rights Total of both if it
through financial in-
if it equals or is equals or is higher
Namexv struments if it equals
higher than the no- than the notifiable
or is higher than the
tifiable threshold threshold
notifiable threshold
FIRST NATIONAL BANK – A DIVI-
SION OF FIRST RAND BANK LIM-
ITED, ON BEHALF OF ALLAN 9.993% 9.993%
GRAY UNIT TRUST MANAGE-
MENT (RF) (PTY) LTD
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
Instruments are held in trust by First National Bank – a division of First Rand Bank Limited on behalf of in-
vestors of Allan Gray Unit Trust Management (RF) (Pty) Ltd
Place of completion JOHANNESBURG
Date of completion 17 November 2020
Johannesburg
18 November 2020
Sponsor: Questco Corporate Advisory Proprietary Limited
Date: 18-11-2020 09:00:00
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