The Group’s HDP Shareholding was restructured on 15 January 2018.
Pan African Resources’ HDP* shareholders following the restructure are:
- Concrete Rose Proprietary Limited shareholding in Pan African Resources SA Holdings Proprietary Limited at 22.1%
- Mining operations employee share ownership programmes at 5%
Collectively these shareholdings equate to an effective 26% HDP shareholding in our mining operations.
*HDP refers to Historically Disadvantaged Persons (as defined in the Mineral and Petroleum Resources Development Act) and/or Historically Disadvantaged Persons Owned and Controlled Companies (as defined in the Mining Charter, 2018).