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 Pan African Resources Plc
attached:ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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): Holding decreased below 6% threshold X
3. Full name of person(s) subject to the Coronation Asset Management (Pty) Ltd
notification obligation:iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 12th March 2015
reached: v
6. Date on which issuer notified: 12th March 2015
7. Threshold(s) that is/are crossed or 6%
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 x
if possible of of of shares rights
using Shares Voting
the ISIN Rights Direct Direct Indirect Direct Indirect
CODE xi xii
GB0004300496 115 053 714 109 219 191 5.97%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument Conversion Period xiv rights that may be rights
date acquired if the
xiii 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 financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion period xviii rights instrument xix, xx
xvii refers to
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
109 219 191 5.97%
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: Coronation Asset Management (Pty) Ltd
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: Jamie Rowland
15. Contact telephone number: +27 21 680 2000
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification
obligation
Full name
(including legal form of legal entities) Coronation Asset Management (Pty) Ltd
Contact address
7th Floor, MontClare Place, Corner of Campground
(registered office for legal entities) and Main Roads, Claremont, South Africa, 7708
Phone number & email
+27 21 680 2000, jrowland@coronation.co.za
Other useful information
Coronation Asset Management (Pty) Ltd as
(at least legal representative for legal persons) investment manager acts on behalf of various
clients holding PAN/PAFLN in their portfolios
B: Identity of the notifier, if applicable
Full name
Jamie Rowland
Contact address 7th Floor, MontClare Place, Corner of Campground
and Main Roads, Claremont, South Africa, 7708
Phone number & email
+27 21 680 2000, jrowland@coronation.co.za
Other useful information
Compliance Officer at Coronation Asset Management
(e.g. functional relationship with the person or legal (Pty) Ltd
entity subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.© 2015 PR Newswire
