14th Mar 2016 07:00
PAN AFRICAN RESOURCES PLC - Holding(s) in CompanyPAN AFRICAN RESOURCES PLC - Holding(s) in Company
PR Newswire
London, March 13
| 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 issuerof existing shares to which voting rights areattached: ii | Pan African Resources Plc | |||
| 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 thenotification obligation: iii | Prudential Portfolio Managers (South Africa) (Pty) Limited | |||
| 4. Full name of shareholder(s) (if different from 3.):iv | ||||
| 5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 10 March 2016 | |||
| 6. Date on which issuer notified: | 11 March 2016 | |||
| 7. Threshold(s) that is/are crossed orreached: vi, vii | Below 5% | |||
| 8. Notified details: | |||||||||||||||||
| A: Voting rights attached to shares viii, ix | |||||||||||||||||
| Class/type ofsharesif possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
| NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
| GB0004300496 | 91,896,421 | 91,896,421 | 91,085,743 | 91,085,743 | 4.97% | ||||||||||||
| B: Qualifying Financial Instruments | |||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||
| Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||
| Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | ||||||||||||
| Nominal | Delta | ||||||||||||||||
| Total (A+B+C) | |||||||||||||||||
| Number of voting rights | Percentage of voting rights | ||||||||||||||||
| 91,085,743 | 4.97% | ||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||||||||||||||
| Prudential Portfolio Managers (South Africa) (Pty) Limited - 91,085,743 (4.97%) | |||||||||||||||||
| Proxy Voting: | |||||||||||||||||
| 10. Name of the proxy holder: | N/A | ||||||||||||||||
| 11. Number of voting rights proxy holder will ceaseto hold: | N/A | ||||||||||||||||
| 12. Date on which proxy holder will cease to holdvoting rights: | N/A | ||||||||||||||||
| 13. Additional information: | |||||||||||||||||
| 14. Contact name: | Owen Smith / Poonam StammersM&G Investment Management Limited | ||||||||||||||||
| 15. Contact telephone number: | 020 7004 4517 / 020 3480 6135 | ||||||||||||||||
Related Shares:
Pan African Resources