Pan African Resources Director Boosts Ownership Stake with Major Share Acquisition

Pan African Resources
  • Financial Director Deon Louw of Pan African Resources PLC acquires 230,000 ordinary shares, expanding his ownership stake.
  • The transaction, which took place on May 26, 2023, increases Mr. Louw’s indirect beneficial interest to 3,122,349 ordinary shares and direct beneficial interest to 988,112 ordinary shares.
  • The acquisition demonstrates Mr. Louw’s confidence in the company’s growth and underlines his commitment to Pan African Resources.

Pan African Resources PLC (AIM: PAF, JSE: PAN) announced that its Financial Director, Deon Louw, has recently purchased 230,000 ordinary shares of 1p each in the company. This transaction, which occurred on May 26, 2023, has significantly increased Mr. Louw’s ownership stake in Pan African Resources.

Following the purchase, Mr. Louw now holds an indirect beneficial interest of 3,122,349 ordinary shares, representing 0.1405% of the company’s issued share capital. Additionally, he has a direct beneficial interest in 988,112 ordinary shares, equivalent to 0.0445% of the company’s issued share capital.

The acquisition of shares by Mr. Louw was in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements, which require the disclosure of director’s dealings in securities. The details of the transaction indicate the price and volume of shares acquired. The shares were purchased at various prices, ranging from ZA 325.00 cents per share to ZA 334.00 cents per share, with a total aggregated volume of 230,000 ordinary shares.

The transaction took place on the Johannesburg Stock Exchange, reflecting Mr. Louw’s confidence in Pan African Resources and his continued commitment to the company’s growth and success.

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