| Thu 20 Oct 2011, 10:22 | | PAN - Pan African Resources Plc - Dealings by an associate of an non- |
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PAN
PAN
PAN - Pan African Resources Plc - Dealings by an associate of an non-
executive director
Pan African Resources PLC
(`Pan African` or the `Company`)
Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000
AIM: PAF/JSE: PAN
ISIN: GB0004300496
RBC comments
DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR
The Company was notified on Tuesday 18 October 2011 that Pangea
Exploration (Pty) Ltd ("Pangea"), a private company of which Mr Rob Still
is an director, had declared a dividend in specie (the "Dividend") to its
shareholders on Saturday, 1 October 2011. Mr Still is also a trustee of
the Alexandra Trust a major shareholder of Pangea.
The Alexandra Trust received 12,430,900 ordinary shares of 1 pence each
in the Company ("Shares") at a price of ZAR1.46 per Share, with a total
value of ZAR18,149,114, as a consequence of the Dividend.
Following this off-market transaction Mr Still`s total direct, beneficial
interest in Pan African remains unchanged at 2,000,000 Shares,
representing 0.14% of the issued share capital of the Company as well as
his total indirect, non-beneficial interest of 16,755,308 Shares
representing 1.16% of the issued share capital of the Company.
Mr Still did not receive any direct or indirect benefit from this off-
market transaction.
Johannesburg
20 October 2011
JSE Sponsor
MACQUARIE FIRST SOUTH CAPITAL (PTY) LIMITED
For further information on Pan African Resources plc, please visit the
website at www.panafricanresources.com.
Enquiries:
Pan African Resources
Jan Nelson, Chief Executive Officer
+27 (0) 11 243 2900
Nicole Spruijt, Public Relations
+27 (0) 11 243 2900
RBC Capital Markets
Martin Eales / James Kelly
+44 (0) 20 7029 7881
Macquarie First South Capital (Pty) Limited
Melanie de Nysschen / Annerie Britz / Yvette Labuschagne
+27 (0) 11 583 2000
St James`s Corporate Services Limited
Phil Dexter
+44 (0) 20 7499 3916
Gable Communications
Justine James
+44 (0)20 7193 7463
Date: 20/10/2011 10:22:01 Produced by the JSE SENS Department.
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