Coronation Fund Managers reduces stake in Pan African Resources

Coronation Fund Managers has notified Pan African Resources PLC of an adjustment to its holding, triggering a major holdings disclosure. As of September 22, 2025, Coronation Fund Managers holds 2.999000% of the voting rights attached to shares in Pan African Resources PLC, totaling 60,797,948 voting rights. This represents a decrease from their previous notification of 3.074030%.

The notification, completed on September 23, 2025, specifies that the voting rights are held directly through shares, with no voting rights held through financial instruments. The ultimate controlling entity for these holdings is Coronation Asset Management (Pty) Ltd, under Coronation Fund Managers.

Pan African Resources PLC has its shares traded on both AIM (PAF) and JSE (PAN). The notification highlights ongoing transparency requirements for major shareholders in publicly listed companies.