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PAN AFRICAN RESOURCES PLC
Remuneration Information • Sep 18, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
Pan African Resources Plc - Director/PDMR Shareholding
PR Newswire
London, September 18
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 AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(Pan African or the Company or the Group)
PDMR Dealings
Pan African announces that, following the restructuring of the Group’s long-term incentive schemes as announced on 17 September 2020, the Company has received notifications from the Directors and Persons Discharging Managerial Responsibilities (PDMR) set out in the tables below.
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 (PACOS). In addition, the executive directors namely Cobus Loots (Chief Executive Officer) and Deon Louw (Financial Director) have agreed to relinquish their entitlement to receive shares in respect of the terms of their employment contracts. In lieu 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.
1. Details of the person discharging managerial responsibilities / person closely associateda. NameCobus Loots2. Reason for the notificationa. Position/statusChief Executive Officerb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePan African Resources PLCb. LEI213800EAXURCXMX6RL854. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeOptions over ordinary shares of 1p each
Identification code: GB0004300496b. Nature of the transactionRelinquishment of share optionsc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| n/a | 12,427,686 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameCobus Loots2. Reason for the notificationa. Position/statusChief Executive Officerb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePan African Resources PLCb. LEI213800EAXURCXMX6RL854. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeOrdinary shares of 1p each
Identification code: GB0004300496b. Nature of the transactionRelinquishment of share entitlementc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| n/a | 5,000,000 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameDeon Louw2. Reason for the notificationa. Position/statusFinancial Directorb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePan African Resources PLCb. LEI213800EAXURCXMX6RL854. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeOptions over ordinary shares of 1p each
Identification code: GB0004300496b. Nature of the transactionRelinquishment of share optionsc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| n/a | 8,690,599 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameDeon Louw2. Reason for the notificationa. Position/statusFinancial Directorb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePan African Resources PLCb. LEI213800EAXURCXMX6RL854. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeOrdinary shares of 1p each
Identification code: GB0004300496b. Nature of the transactionRelinquishment of share entitlementc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| n/a | 3,100,000 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameAndre van den Bergh2. Reason for the notificationa. Position/statusChief Operating Officerb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePan African Resources PLCb. LEI213800EAXURCXMX6RL854. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeOptions over ordinary shares of 1p each
Identification code: GB0004300496b. Nature of the transactionRelinquishment of share optionsc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| n/a | 8,109,463 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameCobus Loots2. Reason for the notificationa. Position/statusChief Executive Officerb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePAR Gold Proprietary Limitedb. LEIN/A4. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeRestricted class B ordinary shares of no par valueb. Nature of the transactionAward of sharesc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| R0.0001 | 17,107,579 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameDeon Louw2. Reason for the notificationa. Position/statusFinancial Directorb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePAR Gold Proprietary Limitedb. LEIN/A4. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeRestricted class B ordinary shares of no par valueb. Nature of the transactionAward of sharesc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| R0.0001 | 11,523,153 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
1. Details of the person discharging managerial responsibilities / person closely associateda. NameAndre van den Bergh2. Reason for the notificationa. Position/statusChief Operating Officerb. Initial notification/AmendmentInitial Notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora. NamePAR Gold Proprietary Limitedb. LEIN/A4. 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 conducteda. Description of the Financial instrument, type of instrument Identification codeRestricted class B ordinary shares of no par valueb. Nature of the transactionAward of sharesc. Price(s) and volume(s)
| Price(s) | Volume(s) |
| R0.0001 | 7,541,800 |
d. Aggregated information
See abovee. Date of the transaction16 September 2020f. Place of the transactionOff market
For further information on Pan African, please visit the Company's website at
| Contact information | |
| Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 [email protected] |
Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644 |
| Cobus Loots Pan African Resources PLC Chief Executive Officer Office: + 27 (0)11 243 2900 |
Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0)11 243 2900 |
| Phil Dexter/Jane Kirton St James's Corporate Services Limited Company Secretary Office: + 44 (0)20 7796 8644 |
Ross Allister/David McKeown Peel Hunt LLP Nominated Adviser and Joint Broker Office: +44 (0)20 7418 8900 |
| Ciska Kloppers Questco Corporate Advisory Proprietary Limited JSE Sponsor Office: + 27 (0)11 011 9200 |
Thomas Rider/Neil Elliot BMO Capital Markets Limited Joint Broker Office: +44 (0)20 7236 1010 |
| Hethen Hira Pan African Resources PLC Head: Investor Relations Tel: + 27 (0)11 243 2900 E-mail: [email protected] |
Website: www.panafricanresources.com |
