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PAN
PAN
PAN - Pan African Resources plc - TR-1: Notification of major interest in shares
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`)
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
Pan African received the following notification yesterday, Wednesday, 24
February 2010:-
QUOTE
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1.Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:
Pan African Resources Plc Ord 1p ISIN: GB0004300496
2.Reason for the notification (please tick the appropriate box or boxes):
- An acquisition or disposal of voting rights (No)
- An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights are
attached (No)
- An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments (No)
- An event changing the breakdown of voting rights (Yes)
- Other (please specify): N/A
3.Full name of person(s) subject to the notification obligation:
Investec Asset Management Limited
4.Full name of shareholder(s) (if different from 3):
N/A
5.Date of the transaction and date on which the threshold is crossed or reached:
ovember 2010
6.Date on which issuer notified:
ovember 2010
7.Threshold(s) that is/are crossed or reached:
11%
8.Notified details:
A. Voting rights attached to shares
Class / type of shares if Situation previous to the Triggering
possible using the ISIN CODE transaction
Number of shares Number of voting rights
Ordinary shares of 1p each 157,296,980 157,296,980
GB0004300496
Resulting situation after the triggering transaction
Number of Number of voting % of voting rights
shares rights
Direct Direct Indirect Direct Indirect
- - 157,296,980 - 10.96%
B. Qualifying Financial Instruments
Type of Expiration Exercise / Number of % of voting
financial date Conversion voting rights rights
instrument Period / Date that may
acquired if
the instrument
is exercised /
converted
- - - - -
C. Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Type of Exercise Expiration Exercise Number of % of voting
financial price date conversion voting rights
instrument period rights
instruments
refers to
Nominal Delta
- - - - - - -
Total (A+B+C)
Number of voting rights % of voting rights
157,296,980 10.96%
9.Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
Proxy voting
10.Name of the proxy holder:
N/A
11.Number of voting rights proxy holder will cease to hold:
N/A
12.Date on which proxy holder will cease to hold voting rights:
N/A
13.Additional information:
The change in percentage voting rights is due to Pan African Resources issuing
14,499,711 additional shares on 17 November 2010. As a result, our percentage
voting rights decreased from 11.08% to 10.96%
14.Contact name:
Ian Gartshore
15.Contact telephone number:
020 7597 1825
UNQUOTE
For further information on Pan African, 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) Ltd St James`s Corporate Services
Melanie de Nysschen / Yvette Labuschagne/ Limited
Annerie Britz Phil Dexter
+27 (0) 11 583 2000 +44 (0) 20 7499 3916
Vestor Media & Investor Relations Hansard Communications
Louise Brugman Justine James
+27 (0) 11 787 3015 +44 (0) 20 7245 1100 / +44 (0)
7525 324431
Rosebank
25 November 2010
JSE Sponsor
Macquarie First South Advisers (Pty) Limited
Date: 25/11/2010 15:31:01 Produced by the JSE SENS Department.
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