| Fri 19 Nov 2010, 15:30 | | PAN - Pan African Resources plc - Holding in company & directors` dealings |
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PAN
PAN
PAN - Pan African Resources plc - Holding in company & directors` dealings
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`)
HOLDING IN COMPANY & DIRECTORS` DEALINGS
The Company was notified on 17 and 18 November 2010 that Pangea Exploration
(Pty) Limited ("Pangea") had sold 567,126 ordinary shares of 1 pence each in
the Company ("Shares") at an average price of ZAR1.1914 per Share and
1,021,071 Shares at a price of ZAR1.1901 per Share respectively, for a total
consideration of ZAR1,890,826.03. Pangea`s remaining holding in Pan African
after the sale is 42,288,408 Shares, representing 2.93% of the issued share
capital of the Company.
Mr Robert Still, a non-executive director of the Company, is also a director
of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr
Still is therefore deemed to have an indirect, non-beneficial interest in
Pangea`s holding in the Company.
Rosebank
19 November 2010
JSE Sponsor
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
For further information on Pan African Resources plc, please visit the
website at www.panafricanresources.com
Enquiries
South Africa UK
Pan African RBC Capital Markets
Jan Nelson, Chief Executive Officer Martin Eales / Brett Jacobs
+27 (0) 11 243 2900 +44 (0) 20 7653 4000
Macquarie First South Advisers (Pty) St James`s Corporate Services Limited
Ltd Phil Dexter
Melanie de Nysschen / Yvette +44 (0) 20 7499 3916
Labuschagne/ Annerie Britz
+27 (0) 11 583 200
Vestor Media & Investor Relations Hansard Communications
Louise Brugman Justine James
+27 (0) 11 787 3015 +44 (0) 20 7245 1100 / +44 (0) 7525
324431
Date: 19/11/2010 15:30:00 Produced by the JSE SENS Department.
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