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 acquisition or disposal of voting rights
3. Details of person subject to the
notification obligation
Name
Allan Gray Proprietary Limited
City of registered office (if
applicable)
Cape Town
Country of registered office (if
applicable)
South Africa
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
04-May-2023
6. Date on which Issuer notified
08-May-2023
7. Total positions of person(s)
subject to the notification obligation
| . |
% of voting rights attached to shares (total of
8.A) |
% of voting rights through financial
instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in
issuer |
| Resulting situation on the date on which threshold
was crossed or reached |
20.998000 |
0.000000 |
20.998000 |
402420003 |
| Position of previous notification (if
applicable) |
23.650000 |
0.000000 |
23.650000 |
|
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 shares ISIN code(if
possible) |
Number of direct voting rights
(DTR5.1) |
Number of indirect voting rights
(DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
| GB0004300496 |
402420003 |
|
20.998000 |
|
| Sub Total 8.A |
402420003 |
20.998000% |
8B1. Financial Instruments according
to (DTR5.3.1R.(1) (a))
| Type of financial
instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if
the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
| Sub Total 8.B1 |
|
|
|
8B2. Financial Instruments with
similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial
instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|
|
|
|
| Sub Total 8.B2 |
|
|
|
9. Information in relation to the
person subject to the notification obligation
2. 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
entities (please add additional rows as necessary)
| Ultimate controlling
person |
Name of controlled undertaking |
% of voting rights if it equals or is higher
than the notifiable threshold |
% of voting rights through financial
instruments if it equals or is higher than the notifiable
threshold |
Total of both if it equals or is higher than
the notifiable threshold |
| Allan Gray Proprietary Limited |
Allan Gray Unit Trust Management (RF) Limited |
11.040000 |
|
10.790400% |
| Allan Gray Proprietary Limited |
Allan Gray Life Limited |
2.740000 |
|
2.740000% |
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
12. Date of Completion
08-May-2023
13. Place Of Completion
Cape Town, South Africa.