Pan African Resources Management

Management criteria checks 2/4

Pan African Resources' CEO is Cobus Loots, appointed in Mar 2015, has a tenure of 9.08 years. total yearly compensation is $2.07M, comprised of 19.7% salary and 80.3% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €2.12M. The average tenure of the management team and the board of directors is 6.2 years and 9.1 years respectively.

Key information

Cobus Loots

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	19.7%
CEO tenure	9.1yrs
CEO ownership	0.4%
Management average tenure	6.2yrs
Board average tenure	9.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cobus Loots's remuneration changed compared to Pan African Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$75m
Sep 30 2023	n/a	n/a	US$68m
Jun 30 2023	US$2m	US$407k	US$61m
Mar 31 2023	n/a	n/a	US$60m
Dec 31 2022	n/a	n/a	US$58m
Sep 30 2022	n/a	n/a	US$67m
Jun 30 2022	US$1m	US$443k	US$75m
Mar 31 2022	n/a	n/a	US$78m
Dec 31 2021	n/a	n/a	US$80m
Sep 30 2021	n/a	n/a	US$77m
Jun 30 2021	US$5m	US$417k	US$75m
Mar 31 2021	n/a	n/a	US$69m
Dec 31 2020	n/a	n/a	US$63m
Sep 30 2020	n/a	n/a	US$54m
Jun 30 2020	US$1m	US$396k	US$44m
Mar 31 2020	n/a	n/a	US$47m
Dec 31 2019	n/a	n/a	US$50m
Sep 30 2019	n/a	n/a	US$44m
Jun 30 2019	US$692k	US$358k	US$38m
Dec 31 2018	n/a	n/a	US$17m
Sep 30 2018	n/a	n/a	US$16m
Jun 30 2018	US$1m	US$376k	US$16m
Mar 31 2018	n/a	n/a	US$34m
Dec 31 2017	n/a	n/a	US$46m
Sep 30 2017	n/a	n/a	US$50m
Jun 30 2017	US$2m	US$289k	US$53m

Compensation vs Market: Cobus's total compensation ($USD2.07M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Cobus's compensation has increased by more than 20% in the past year.

CEO

Cobus Loots (45 yo)

9.1yrs

Tenure

US$2,070,000

Compensation

Mr. Jacobus Albertus Johannes Loots, also known as Cobus, C.A.(S.A.), C.F.A., serves as Chief Executive Officer at Pan African Resources Funding Company Proprietary Limited and serves as its Executive Dire...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jacobus Albertus Loots	CEO & Executive Director	9.1yrs	US$2.07m	0.37% $ 2.1m
Gideon Louw	Financial Director & Debt Officer and Executive Director	9.1yrs	US$1.67m	0.22% $ 1.3m
E. Thorne	Group Mining Engineer	1.8yrs	US$204.00k	0.00036% $ 2.1k
Bert van den Berg	Chief Operating Officer	3.3yrs	no data	no data
Hethen Hira	Head of Investor Relations	no data	no data	no data
Jane Kirton	Company Secretary	no data	no data	no data

6.2yrs

Average Tenure

49yo

Average Age

Experienced Management: RTZ's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jacobus Albertus Loots	CEO & Executive Director	14.7yrs	US$2.07m	0.37% $ 2.1m
Gideon Louw	Financial Director & Debt Officer and Executive Director	9.1yrs	US$1.67m	0.22% $ 1.3m
Charles Denby Needham	Independent Non-Executive Director	4.8yrs	US$57.00k	0.0013% $ 7.5k
Keith Spencer	Independent Non-Executive Chairman	16.5yrs	US$88.00k	0.16% $ 901.6k
Yvonne Themba	Independent Non-Executive Director	4.8yrs	US$59.00k	no data
Dawn Earp	Lead Independent Non-Executive Director	2.6yrs	US$62.00k	no data
Thabo Mosololi	Independent Non-Executive Director	10.3yrs	US$68.00k	0.0083% $ 48.1k

9.1yrs

Average Tenure

60yo

Average Age

Experienced Board: RTZ's board of directors are considered experienced (9.1 years average tenure).

Pan African Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Pan African Resources PLC, Annual General Meeting, Nov 21, 2024

Financial Director & Executive Director recently bought €3.6m worth of stock

Insufficient new directors

Insufficient new directors

CEO & Executive Director recently bought €59k worth of stock

CEO & Executive Director recently bought €7.9m worth of stock

Recent updates

Pan African Resources PLC, Annual General Meeting, Nov 21, 2024

Pan African Resources plc Provides Earnings Guidance for the Six Months Ended December 31, 2023

Pan African Resources plc Provides Production Guidance for the Full Year 2024 and 2025

Pan African Resources PLC Approves Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Pan African Resources PLC Provides Production Guidance for the First Half Year Ending 31 December 2023 and Revises Production Guidance for the Full Year of Fiscal Year 2024

Pan African Resources PLC to Report First Half, 2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: US$0.032 (vs US$0.039 in FY 2022)

Pan African Resources PLC Proposes Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Now 27% undervalued

Pan African Resources plc Provides Operational Update for the Year Ended 30 June 2023

Financial Director & Executive Director recently bought €3.6m worth of stock

Pan African Resources PLC Provides Production Guidance for the Fiscal Year Ending June 30, 2023 and for the Fiscal Year Ending June 30, 2024

Now 23% undervalued

First half 2023 earnings released: EPS: US$0.015 (vs US$0.024 in 1H 2022)

Pan African Resources PLC Provides Earnings Guidance for the Six Months Ended December 31, 2022

Now 29% undervalued after recent price drop

Pan African Resources PLC Provides Production Guidance for the Six Months Ending June 2023 and for the Full Year of 2023

Pan African Resources PLC to Report First Half, 2023 Results on Feb 15, 2023

Pan African Resources Approves Final Dividend for 2022

Upcoming dividend of R0.18 per share

Insufficient new directors

Pan African Resources PLC (AIM:PAF) completed the acquisition of Mintails SA Soweto Cluster Proprietary Limited from Mintails Mining Sa (Pty) Ltd.

Full year 2022 earnings released: EPS: US$0.039 (vs US$0.039 in FY 2021)

Pan African Resources PLC Proposes Final Dividend for the Financial Year 2022

Insufficient new directors

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2023

Pan African Resources PLC Explores Extensions of Ore Bodies At Barberton Mines with Recently Completed Underground Drilling Programme

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Pan African Resources plc Provides Production Guidance for the Full Year 2022

Pan African Resources PLC to Report Fiscal Year 2022 Results on Sep 14, 2022

Pan African Resources PLC (AIM:PAF) agreed to acquire Blyvoor Gold Operations Pty Ltd from Blyvoor Gold (Pty) Ltd for ZAR 110 million.

Upcoming dividend of R0.18 per share

CEO & Executive Director recently bought €59k worth of stock

Lead Independent Director Hester Hickey has left the company

Full year 2021 earnings released: EPS US$0.039 (vs US$0.023 in FY 2020)

Pan African Resources plc Provides Production Guidance for the Financial Year Ending 30 June 2022

Pan African Resources plc Provides Earnings Guidance for the Year Ended June 30, 2021

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2022

CEO & Executive Director recently bought €7.9m worth of stock

Pan African Resources PLC Announces Renewal of Barberton Mines’ Mining Rights

Pan African Resources PLC Provides Operational Update

CEO & Executive Director recently bought €233k worth of stock

First half 2021 earnings released: EPS US$0.021 (vs US$0.011 in 1H 2020)

Pan African Resources PLC, Annual General Meeting, Nov 25, 2021

New 90-day high: €0.28

New 90-day high: €0.25

Pan African Resources plc Announces Senior Management Changes

Pan African Resources plc Enters into an Engineering, Procurement and Construction Agreement with Juwi South Africa

CEO & Executive Director recently bought €788k worth of stock

Pan African Resources PLC (AIM:PAF) entered into an agreement to acquire Mogale Gold (Pty) Ltd. from Mintails Mining Sa (Pty) Ltd for ZAR 37.5 million.

New 90-day low: €0.21

New 90-day low: €0.21

Pan African Resources PLC to Report First Half, 2021 Results on Feb 16, 2021

Full year earnings released - EPS €0.023

Pan African Resources PLC to Report Fiscal Year 2020 Results on Sep 16, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age