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LONDON - Pan African Resources PLC (AIM:PAF) (JSE:PAN) announced that its Chief Executive Officer, Cobus Loots, has disposed of shares and settled long contracts for difference (CFDs) in transactions conducted on September 10, 2025.
According to a company statement, Loots sold 100,000 ordinary shares at 76.2 pence per share in a direct transaction valued at £76,200. Additionally, LTS Ventures (Pty) Ltd, an entity associated with Loots, disposed of 500,000 ordinary shares at 1,819 South African cents per share, with a total value of ZAR9,095,000.
The CEO also settled 150,000 long CFDs at a closing price of 76.123 pence per share, generating a profit of £115,478.45 excluding costs.
Following these transactions, Loots maintains an indirect beneficial interest of 5,097,154 ordinary shares, representing 0.2184% of the company’s issued share capital. He also holds a direct beneficial interest of 1,348,700 ordinary shares, equivalent to 0.0578% of the company’s issued share capital, along with 164,280 open long CFDs.
The company confirmed that all transactions were conducted on-market, with the share disposals executed on the London SETS and Johannesburg Stock Exchange respectively. The transactions received clearance in accordance with paragraph 3.66 of the JSE Listings Requirements.
Pan African Resources is a gold mining company with operations in South Africa, listed on both the AIM market in London and the Johannesburg Stock Exchange.
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