PAN Shareholder Notice Neutral
PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings
Pan African Resources PLC
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What this filing means
Peregrine Capital's registered voting stake in Pan African Resources has fallen from 3.94% to 2.95%, crossing below the 3% disclosure threshold. The share count held is unchanged at 71,761,559, meaning the percentage declined because the total pool of voting rights in issue grew since the prior notification — dilution rather than a disposal, though the filing does not state the cause explicitly.
Bear case
- Missing evidence: the filing does not disclose the mechanism (disposal, dilution, or both) behind the percentage change.
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