Company Announcements

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 FCA
in Microsoft Word format if possible) i

1a. Identity of the issuer or the
underlying issuer of existing shares to PAN AFRICAN RESOURCE PLC
which voting rights are attachedii:

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

UK

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                                    PUBLIC INVESTMENT CORPORATION SOC
                                        LIMITED

City and country of registered office   PRETORIA, SOUTH AFRICA
(if applicable)

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

Name

City and country of registered office
(if applicable)

5. Date on which the threshold was      12/12/2024
crossed or reachedvi:

6. Date on which issuer notified        17/12/2024
(DD/MM/YYYY):

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

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

Resulting situation                                                          202
on the date on      9.980%                                9.980%             519
which threshold was                                                          472
crossed or reached

Position of
previous
notification (if    10.281%                               10.281%

applicable)



 


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        % of voting rights
of          rightsix
shares
            Direct      Indirect    Direct                          Indirect
ISIN code
(if         (DTR5.1)    (DTR5.2.1)  (DTR5.1)                        (DTR5.2.1)
possible)

            202 519 472             9.980%

SUBTOTAL 8. 202 519 472             9.980%
A

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

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

                       SUBTOTAL 8. NIL                              NIL
                       B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)

Type of    Expiration  Exercise/  Physical or cash Number of voting % of voting
financial  datex       Conversion                  rights           rights
instrument             Periodxi   Settlementxii

                                  SUBTOTAL 8.B.2   NIL              NIL



 


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) issuer xiii

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

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

PUBLIC INVESTMENT
CORPORATION SOC   9.980%                                                    9.9
                                                                            80%
LIMITED

10.In case of proxy voting, please identify:

Name of the proxy holder                       N/A

The number and % of voting rights held         N/A

The date until which the voting rights will be N/A
held

11. Additional informationxvi



 

 __________________________________________
|Place of completion|PRETORIA, SOUTH AFRICA|
|___________________|______________________|
|Date of completion |17 December 2024      |
|___________________|______________________|