| 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 |
X |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
|
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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| An event changing the breakdown of voting rights |
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| Other (please specify): |
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| 3. Full name of person(s) subject to the notification obligation: iii |
JONATHAN DU TOIT |
| 4. Full name of shareholder(s) (if different from 3.):iv |
TRUFFLE ASSET MANAGEMENT (PTY) LTD |
| 5. Date of the transaction and date on which the threshold is crossed or reached: v |
19 APRIL 2017 |
| 6. Date on which issuer notified: |
28 APRIL 2017 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii |
5.0% |
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 |
Ordinary Shares GB0004300496 |
97 450 519 |
97 450 519 |
107 450 519 |
107 450 519 |
|
4.81% |
|
| 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 |
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| 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 |
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|
Nominal |
Delta |
| |
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|
| Number of voting rights |
Percentage of voting rights |
| 107 450 519 |
4.81% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
N/A |
| Proxy Voting: |
| 10. Name of the proxy holder: |
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| 11. Number of voting rights proxy holder will cease to hold: |
|
| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: |
N/A |
| 14. Contact name: |
JONATHAN DU TOIT |
| 15. Contact telephone number: |
+27 11 325 0030 |