|
PAN
PAN
PAN - Pan African Resources plc - Trading Update
Pan African Resources plc
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(`Pan African` or the `company`)
TRADING UPDATE
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a
listed company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next, will differ by at least 20 per
cent from those of the previous corresponding period.
The company advises shareholders as follows:
As a UK incorporated company Pan African`s reporting currency is Great British
Pounds ("GBP"). Earnings per share for the financial year ending 30 June 2010,
denominated in GBP, is expected to be between 148 per cent and 158 per cent
higher than those for the previous corresponding period (2009: 0.4 pence per
share). Earnings per share, calculated in South African Rand ("ZAR"), using the
average ZAR:GBP exchange rate of ZAR:GBP 12.01: 1 that has prevailed year to
date during the current financial year (2009 average exchange rate of ZAR:GBP
14.39: 1), is expected to be between 106 per cent and 116 per cent higher than
those for the previous corresponding period (2009: 5.74 cents per share).
Headline earnings per share for the financial year ending 30 June 2010,
denominated in GBP, is expected to be between 16 per cent and 26 per cent higher
than those for the previous corresponding period (2009: 0.85 pence per share).
Headline earnings calculated in ZAR is not expected to differ by more than 10
per cent from those for the financial year ending 30 June 2009 (2009: 12.28
cents per share).
The financial information for the financial year ending 30 June 2010 and
contained in this trading update has neither been reviewed nor reported on by
the company`s auditors. It is anticipated that the company`s audited results
for the financial year ending 30 June 2010 will be released on 31 August 2010.
For further information on Pan African Resources plc, please visit the website
at www.panafricanresources.com
Rosebank
28 June 2010
JSE Sponsor
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
ENQUIRIES
Pan African Resources
Jan Nelson (CEO) +27 (0) 11 243 2900
Nicole Spruijt (Public Relations) +27 (0) 11 243 2900
RBC Capital Markets
Martin Eales /Brett Jacobs +44 (0) 20 7029 7881
Macquarie First South Advisers
Melanie de Nysschen +27 (0) 11 583 2000
St James`s Corporate Services Limited
Phil Dexter +44 (0) 20 7499 3916
Date: 28/06/2010 08:00:01 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
