PAN AFRICAN RESOURCES PLC – Pan African Resources PLC – Transaction in own shares – SENS

                            

Pan African Resources PLC – Transaction in own shares

Pan African Resources PLC
(Incorporated and registered in England and Wales under the 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” or the “Group”)

PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES

Pan African, the South African gold producer, announces that on 21 April 2022, in accordance with the
terms of its share buyback programme announced on 1 April 2022 (the “Programme”) it purchased
the following number of ordinary shares of £0.01 each in the Company (“Ordinary Shares”) through
Peel Hunt LLP (“Peel Hunt”) and RMB Morgan Stanley (“RMBMS”). The shares purchased will be
cancelled.

Date of purchases 21 April 2022

Aggregate number of Ordinary Shares purchased 1,118,107

London Stock Exchange (“LSE”) purchases
Number of Ordinary Shares purchased on LSE 1,118,107
Lowest price paid per share (pence per share): 21.850
Highest price paid per share (pence per share): 21.850
Volume weighted average price paid per share (pence per share): 21.850

Johannesburg Stock Exchange (“JSE”) purchases
Number of Ordinary Shares purchased on JSE –
Lowest price paid per share (ZAr per share): –
Highest price paid per share (ZAr per share): –
Volume weighted average price paid per share (ZAr per share): –

Following the purchase, the Company will have 2,230,895,436 Ordinary Shares of £0.01 each in issue,
of which 306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,230,895,436 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the tables below contain detailed
information of the individual trades made by Peel Hunt as part of the Programme. The same
information is also included for the trades made by RMBMS.

Individual transactions on LSE:

Number of shares Transaction price Time of transaction Execution venue
purchased (pence per share)
689,840 21.85 14:16:53 LSE
333,217 21.85 14:42:59 LSE
95,050 21.85 15:40:06 LSE

Individual transactions on JSE:

Number of shares Transaction price (ZAr Time of transaction Execution venue
purchased per share)
– – – –

The information contained in this update is the responsibility of the Pan African board of directors and
has not been reviewed or reported on by the Group’s external auditors.

Rosebank

22 April 2022

For further information on Pan African, please visit the Company’s website at
www.panafricanresources.com

Corporate information

Corporate office Registered Office

The Firs Office Building Suite 31

2nd Floor, Office 204 Second Floor

Corner Cradock and Biermann Avenues 107 Cheapside

Rosebank, Johannesburg London

South Africa EC2V 6DN

Office: + 27 (0) 11 243 2900 United Kingdom

[email protected] Office: + 44 (0) 20 7796 8644

Chief executive officer Financial director

Cobus Loots Deon Louw

Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900

Head: Investor relations Website: www.panafricanresources.com

Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: [email protected]

Company secretary Nominated Adviser and Joint Broker

Phil Dexter/Jane Kirton Ross Allister/Alexander Allen

St James’s Corporate Services Limited Peel Hunt LLP

Office: + 44 (0) 20 7796 8644 Office: +44 (0) 20 7418 8900

JSE Sponsor Joint Broker

Ciska Kloppers Thomas Rider/Nick Macann

Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited

Office: + 27 (0) 11 011 9200 Office: +44 (0) 20 7236 1010

Date: 22-04-2022 07:57:00
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