Pan African Resources (GB:PAF) has released an update.
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Pan African Resources PLC has reported that its CEO, Cobus Loots, sold 300,000 shares and engaged in advanced financial transactions with LTS Ventures, including collar transactions and a loan secured by shares. Post these transactions, Loots maintains a direct and indirect beneficial interest in the company, with 0.2653% and 0.0708% of its issued share capital, respectively. These dealings were conducted in accordance with regulatory requirements and disclosed to the public in line with market abuse regulations.
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