Pan African Resources Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

AIM:PAF Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
10 Sep 25	SellUK£460,222	Jacobus Albertus Loots	Individual		600,000	UK£0.77
20 Jun 25	SellUK£207,872	Jacobus Albertus Loots	Individual		424,376	UK£0.49

Insider Trading Volume

Insider Buying: PAF insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of PAF?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	2,418,950	0.119%
Private Companies	3,234,482	0.16%
Individual Insiders	12,235,736	0.604%
Hedge Funds	114,499,838	5.65%
State or Government	236,646,317	11.7%
General Public	315,485,889	15.6%
Institutions	1,342,792,258	66.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 71.66% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.4%	South Africa	231,656,226	UK£210.1m	0%	no data
10.7%	Public Investment Corporation Limited	216,111,013	UK£196.0m	5.87%	0.3%
9%	Allan Gray Proprietary Ltd.	182,430,726	UK£165.5m	-23.8%	1.65%
5.65%	Peregrine Capital (Pty) Limited	114,499,838	UK£103.9m	0%	43.34%
4.67%	M&G Investment Managers (Pty) Limited	94,708,229	UK£85.9m	0%	7.7%
3.83%	MandG Investments Southern Africa (Pty) Ltd	77,670,828	UK£70.4m	0%	2.2%
3.02%	Coronation Fund Managers Limited	61,287,358	UK£55.6m	12,500%	0.48%
2.48%	BlackRock, Inc.	50,371,667	UK£45.7m	18.1%	no data
2.3%	Van Eck Associates Corporation	46,627,718	UK£42.3m	-61.5%	0.04%
2.29%	Ruffer LLP	46,362,816	UK£42.1m	-12.6%	1.01%
1.98%	Hargreaves Lansdown Asset Management Ltd.	40,139,269	UK£36.4m	-3.75%	0.1%
1.63%	Ninety One UK Limited	33,082,488	UK£30.0m	0%	0.05%
1.6%	Aberdeen Group Plc	32,382,576	UK£29.4m	2.17%	0.02%
1.51%	Dimensional Fund Advisors LP	30,576,202	UK£27.7m	1.22%	0.01%
1.48%	Fidelity International Ltd	29,927,920	UK£27.1m	0.15%	0.01%
1.42%	Premier Fund Managers Ltd.	28,762,149	UK£26.1m	-4.29%	0.42%
1.18%	American Century Investment Management Inc	23,939,620	UK£21.7m	7.89%	0.01%
0.84%	Investec Wealth & Investment Management (Pty) Ltd	17,086,736	UK£15.5m	0%	2.23%
0.78%	Barclays Bank PLC	15,882,360	UK£14.4m	32.8%	0.02%
0.69%	Invesco Ltd.	14,048,154	UK£12.7m	-48%	no data
0.69%	Allianz Asset Management GmbH	13,980,883	UK£12.7m	-19.1%	0.02%
0.67%	Truffle Asset Management	13,661,040	UK£12.4m	-82.9%	0.59%
0.64%	State Street Global Advisors, Inc.	12,933,272	UK£11.7m	18.3%	no data
0.62%	The Goldman Sachs Group, Inc.	12,490,929	UK£11.3m	106%	0.01%
0.6%	Argon Asset Management (pty.) Ltd.	12,082,020	UK£11.0m	0%	72.71%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/06 10:53
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pan African Resources PLC is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Herbert Kharivhe	Absa Bank Limited
Richard Hatch	Berenberg
Matthew Murphy	BMO Capital Markets Equity Research