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Pan African Resources PLC (PAF)

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Tuesday 13 December, 2011

Pan African Resources PLC

Holding(s) in Company


 

For filings with the FSA 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                    Pan African Resources 
of existing shares to which voting rights are                                  Plc          
attached:ii                                                                                 
                                                                       ISIN: GB0004300496   
                                                                                            
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                                                            
                                                                                            
An event changing the breakdown of voting rights                                            
                                                                                            
Other (please specify):                                                                     
                                                                                            
3. Full name of person(s) subject to the                       Investec Asset Management Ltd
notification obligation:iii                                                                 
                                                                                            
4. Full name of shareholder(s)                                                              
 (if different from 3.):iv                                                                  
                                                                                            
5. Date of the transaction and date on                                   12.12.11           
which the threshold is crossed or                                                           
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:                                        13.12.11           
                                                                                            
7. Threshold(s) that is/are crossed or                                      11%             
reached: vi, vii                                                                            
                                                                                            

 

8. Notified details:                                                                            
                                                                                                
A: Voting rights attached to shares viii, ix                                                    
                                                                                                
Class/type   Situation previous          Resulting situation after the triggering transaction   
of           to the triggering                                                                  
shares       transaction                                                                        
                                                                                                
             Number          Number      Number  Number of voting           % of  voting rights 
if possible  of              of          of      rights                     x                   
using        Shares          Voting      shares                                                 
the ISIN                     Rights                                                             
CODE                                     Direct  Direct xi      Indirect    Direct  Indirect    
                                                                xii                             
                                                                                                
Ordinary                                                                                        
Shares                                                                                          
                                                                                                
GBP 0.01                                                                                        
                                                                                                
             159,060,299     159,060,299    -          -        158,809,900         10.99%      
GB0004300496                                                                                    
                                                                                                
                                                                                                
                                                                                                
B: Qualifying Financial Instruments                                                             
                                                                                                
Resulting situation after the triggering transaction                                            
                                                                                                
Type of        Expiration      Exercise/          Number of voting              % of voting     
financial      date xiii       Conversion Period  rights that may be            rights          
instrument                     xiv                acquired if the                               
                                                  instrument is                                 
                                                  exercised/ converted.                         
                                                                                                
                                                                                                
                                                                                                
                                                                                                
                                                                                                
C: Financial Instruments with similar economic effect to Qualifying Financial                   
Instruments xv, xvi                                                                             
                                                                                                
Resulting situation after the triggering transaction                                            
                                                                                                
Type of       Exercise     Expiration Exercise/  Number of voting rights       % of voting      
financial     price        date xvii  Conversion instrument refers to          rights xix, xx   
instrument                            period                                                    
                                      xviii                                                     
                                                                                                
                                                                               Nominal Delta      
                                                                                                
                                                                                                
                                                                                                
                                                                                                
                                                                                                
Total (A+B+C)                                                                                   
                                                                                                
Number of voting rights                       Percentage of voting rights                       
                                                                                                
158,809,900                                   10.99%                                            
                                                                                                

 

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:                                                           
                                                                                        
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:                                                      Ian Gartshore    
                                                                                        
15. Contact telephone number:                                          0207 597 1825