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Pan African Resources Plc - Holding(s) in Company

 TR-1: Standard form for notification of major holdings

   

   

   

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 in Microsoft Word format if possible)i

1a. Identity of the issuer or the                     Pan African Resources Plc
underlying issuer of existing shares to
which voting rights are attachedii:

1b. Please indicate if the issuer is a non- issuer (please mark with an “X”
if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with
an “X”)

An acquisition or disposal of voting rights                                   X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name                                    Coronation Asset Management (Pty) Ltd
                                        acting as discretionary investment
                                        manager on behalf of managed
                                        portfolios.

City and country of registered office   Cape Town, South Africa
(if applicable)

4. Full name of shareholder(s) (if different from 3.)v

Name                                    N/A

City and country of registered office
(if applicable)

5. Date on which the threshold was      17/04/2020
crossed or reachedvi:

6. Date on which issuer notified        17/04/2020
(DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation

                    % of voting rights % of voting rights Total of both in % Tot
                    attached to shares through financial     (8.A + 8.B)     al
                     (total of 8. A)      instruments                        num
                                       (total of 8.B 1 +                     ber
                                             8.B 2)                          of
                                                                             vot
                                                                             ing
                                                                             rig
                                                                             hts
                                                                             of
                                                                             iss
                                                                             uer
                                                                             vii

Resulting situation 2.34                                  2.34               2
on the date on                                                               234
which threshold was                                                          687
crossed or reached                                                           537

Position of         3.81                                  3.81
previous
notification (if
applicable)FCAUK
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type  Number of voting rightsix          % of voting rights
of
shares             Direct           Indirect        Direct         Indirect
ISIN code    (Art 9 of Directive   (Art 10 of      (Art 9 of      (Art 10 of
(if         2004/109/EC) (DTR5.1)  Directive       Directive      Directive
possible)                         2004/109/EC)   2004/109/EC)    2004/109/EC)
                                   (DTR5.2.1)      (DTR5.1)       (DTR5.2.1)

GB000430049652 325 517                               2.34

SUBTOTAL 8.             52 325 517                          2.34
A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))

Type of     Expiration Exercise/    Number of voting rights that % of voting
financial   datex      Conversion   may be acquired if the       rights
instrument             Periodxi     instrument is
                                    exercised/converted.

                       SUBTOTAL 8.
                       B 1

B 2: Financial Instruments with similar economic effect according to Art. 13
(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of    Expiration  Exercise/   Physical or  Number of voting % of voting
financial  datex       Conversion  cash         rights           rights
instrument             Period xi   settlementxii

                                   SUBTOTAL
                                   8.B.2
9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or   X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entityxiv (please add additional rows as
necessary)

         Namexv          % of voting rights if it % of voting rights through  Tot
                         equals or is higher than financial instruments if it al
                         the notifiable threshold  equals or is higher than   of
                                                   the notifiable threshold   bot
                                                                              h
                                                                              if
                                                                              it
                                                                              equ
                                                                              als
                                                                              or
                                                                              is
                                                                              hig
                                                                              her
                                                                              tha
                                                                              n
                                                                              the
                                                                              not
                                                                              ifi
                                                                              abl
                                                                              e
                                                                              thr
                                                                              esh
                                                                              old

Coronation Fund Managers
Ltd




Coronation Asset                   2.34                                       2.3
Management (Pty) Ltd                                                          4

10. In case of proxy voting, please identify:

 of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be
held

11. Additional informationxviCoronation InvestmentManagement SA (Pty) LtdName
Place of completion 

Date of completionCape Town, South Africa17 April 2020

Quick facts: Pan African Resources plc

Price: 20.8

Market: AIM
Market Cap: £401.09 m
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