| For filings with the FCA include the annex |
| For filings with issuer exclude the annex |
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
PAN AFRICAN RESOURCES PLC |
| 2 Reason for the notification (please tick the appropriate box or boxes): |
| An acquisition or disposal of voting rights |
|
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
X |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
|
| An event changing the breakdown of voting rights |
|
| Other (please specify): |
|
|
|
|
|
| 3. Full name of person(s) subject to the notification obligation: iii |
TRUFFLE ASSET MANAGEMENT (PTY) LTD |
| 4. Full name of shareholder(s) (if different from 3.):iv |
|
| 5. Date of the transaction and date on which the threshold is crossed or reached: v |
20 APRIL 2016 |
| 6. Date on which issuer notified: |
20 APRIL 2016 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii |
5% |
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares
if possible using
the ISIN CODE |
Situation previous
to the triggering
transaction |
Resulting situation after
the triggering
transaction |
Number
of
Shares |
Number
of
Voting
Rights |
Number
of
shares |
Number
of
voting
rights |
% of voting
rights x |
|
|
|
Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
| GB0004300496 |
95301018 |
95301018 |
96350196 |
96350196 |
|
5.26% |
|
| B: Qualifying Financial Instruments |
| Resulting situation after the triggering transaction |
Type of financial
instrument |
Expiration
date xiii |
Exercise/
Conversion Period xiv |
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted. |
% of voting
rights |
|
|
|
|
|
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
| Resulting situation after the triggering transaction |
Type of financial
instrument |
Exercise
price |
Expiration
date xvii |
Exercise/
Conversion
period xviii |
Number of voting
rights instrument
refers to |
% of voting
rights xix, xx |
|
|
|
|
|
Nominal |
Delta |
| |
|
|
|
|
|
|
| Number of voting rights |
Percentage of voting rights |
| 96,350,196 |
5.26% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| |
| Proxy Voting: |
| 10. Name of the proxy holder: |
TRUFFLE ASSET MANAGEMENT (PTY) LTD |
| 11. Number of voting rights proxy holder will cease to hold: |
|
| 12. Date on which proxy holder will cease to hold voting rights: |
|
| 13. Additional information: |
|
| 14. Contact name: |
ETIENNE ROUX |
| 15. Contact telephone number: |
+27 11 325 0030 |
| Note: Annex should only be submitted to the FCA not the issuer |
| Annex: Notification of major interests in sharesxxii |
A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities) |
TRUFFLE ASSET MANAGEMENT (PTY) LTD |
Contact address
(registered office for legal entities) |
LANCASTER GATE, HYDE LANE OFFICE PARK,
HYDE PARK |
| Phone number & email |
+27 11 325 0030 |
Other useful information
(at least legal representative for legal persons) |
|
B: Identity of the notifier, if applicable
| Full name |
ETIEENE ROUX |
| Contact address |
LANCASTER GATE, HYDE LANE OFFICE PARK,
HYDE PARK |
| Phone number & email |
+27 11 325 0030 |
| Other useful information(e.g. functional relationship with the person or legal entity subject to the notification obligation) |
|
| C: Additional information |
| |
For notes on how to complete form TR-1 please see the FCA website.