| Wed 19 Sep 2007, 8:00 | | PAN - Pan African Resources Plc - Issue of shares |
|
PAN
PAN
PAN - Pan African Resources Plc - Issue of shares
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registration number 3937466 on 25 February 2000)
Share code on AIM: PAF & ISIN: GB0004300496
Share code on JSE: PAN
("Pan African" or the "Company")
Issue of Shares
The Directors of Pan African today announce that the Company has issued and
allotted 5,872,727 ordinary shares of 1p each (`Shares`) at a price of 4p per
Share pursuant to an exercise of share options.
Application has now been made to the AIM Market of the London Stock Exchange
("AIM") and the Alternative Exchange of the JSE Limited ("AltX") for 5,872,727
Shares to be admitted to trading on AIM and listing on AltX (`Admission`).
Admission is expected to occur at 8.00am (UK time) on 21 September 2007.
Pan African now has 1,078,866,438 Shares in issue representing 1,078,866,438
voting rights.
For further information please contact:
Pan African Resources plc
Jan Nelson, CEO
+27 (0) 11 777 7840
Nathan Steinberg
+44 (0) 20 7845 7500
Ambrian Partners Limited
Richard Brown
+44 (0) 20 7776 6417
Richard Greenfield
+44 (0) 20 7776 6418
Macquarie First South Corporate Finance (Pty) Limited
Amanda Markman
+27 11 (0) 343 2307
Done Hattingh
+27 11 (0) 343 2308
Parkgreen Communications
Justine Howarth
+44 (0) 207 851 7480
Date: 19/09/2007 08:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
