Pan African Resources (GB:PAF) has released an update.
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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