| Tue 1 Nov 2011, 16:30 | | PAN - Pan African Resources plc - Dealings by an associate of a non- |
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PAN
PAN
PAN - Pan African Resources plc - Dealings by an associate of a non-
executive director
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 AND DIRECTORS` DEALING
DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR
The Company was notified on Friday 28 and Monday 31 October 2011 that
Pangea Exploration (Pty) Ltd ("Pangea"), a private company of which Mr
Rob Still is a director, had sold the following ordinary shares of 1
pence each in the Company (`Shares`) at the following prices:
277,863 Shares at R1.7056 per share
322,137 Shares at R1.7131 per share
45,708 Shares at R1.72 per share
54,292 Shares at R1.70 per share
The above shares were sold by Pangea in order to provide funding for
other potential projects.
Following the above on market transactions Pangea holds 3,624,408
Shares, representing 0.25% of the issued capital of the Company. 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 16,055,308 Shares representing 1.12% of the issued share
capital of the Company.
Mr Still did not receive any direct or indirect benefit from the above
transactions.
Rosebank
1 November 2010
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Enquiries
South Africa UK
Pan African Resources RBC Capital Markets
Jan Nelson, Chief Executive Officer Martin Eales / James Kelly
+27 (0) 11 243 2900 +44 (0) 20 7029 7881
Macquarie First South Capital (Pty) St James`s Corporate Services Limited
Limited Phil Dexter
Melanie de Nysschen / Annerie Britz / +44 (0) 20 7499 3916
Yvette Labuschagne
+27 (0) 11 583 2000 Gable Communications
Justine James
+44 (0) 20 7193 7463
For further information on Pan African, please visit the website at
www.panafricanresources.com
Date: 01/11/2011 16:30:01 Produced by the JSE SENS Department.
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