National Storage Mechanism | Additional information

Pan African Resources Plc - Director/PDMR Shareholding

PR Newswire

London, June 30

Pan African Resources PLC

(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

ADR ticker code: PAFRY

(“Pan African” or "the Company")

PDMR Dealings

Shareholders are referred to the announcement of 17 September 2020 and 30 June 2021, where some of the group's long-term incentive schemes were restructured with the intent of simplifying and consolidating these schemes and improving their retention capability.

Pan African announces that, following the restructuring of the Group’s long-term incentive schemes as announced on 30 June 2021, 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 including the Chief Executive Officer, Cobus Loots, the Financial Director, Deon Louw, and Albertus Abraham van den Berg, the Chief Operating Officer of the group (details of which are set out in the tables below) (“Affected Participants”) have agreed to relinquish the share options issued to them on 1 July 2019(“PARSMSS 1st issue”) and 1 July 2020(“PARSMSS 2nd issue”) under the Pan African Senior Management Share Scheme (“PARSMSS”).

In lieu of the relinquishment set out above, restricted class C ordinary shares (“Class C-Shares”) and class D ordinary shares (“Class D-Shares”) of no par value in the share capital of PAR Gold Proprietary Limited (“PAR Gold”), will be issued to the Affected Participants in terms of a newly established Pan African C Executive Incentive Scheme (“C-Share Scheme”) and Pan African D Executive Incentive Scheme (“D-Share 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	4,667,768 (PARSMSS 1st issue) 2,998,480 (PARSMSS 2nd issue)

d. Aggregated information

Total options relinquished 7,666,248e. Date of the transaction30 June 2021f. 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	3,826,998 (PARSMSS 1st issue) 2,458,387 (PARSMSS 2nd issue)

d. Aggregated information

Total options relinquished 6,285,385e. Date of the transaction30 June 2021f. Place of the transactionOff market

1. Details of the person discharging managerial responsibilities / person closely associateda. NameAlbertus Abraham van den Berg2. 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	1,244,444 (PARSMSS 1st issue) 799,406 (PARSMSS 2nd issue)

d. Aggregated information

Total options relinquished 2,043,850e. Date of the transaction30 June 2021f. 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 C ordinary shares of no par valueb. Nature of the transactionAward of sharesc. Price(s) and volume(s)


Price(s)	Volume(s)
R0.0001	4,434,380

d. Aggregated information