| Wed 2 Nov 2011, 17:49 | | PAN - Pan African Resources plc - Dealings by an associate of an non-executive |
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PAN
PAN
PAN - Pan African Resources plc - Dealings by an associate of an 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`)
DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR
The Company was notified on Tuesday, 1 November 2011 that Pangea Exploration
(Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director, had
sold 300,000 ordinary shares of 1 pence each in the Company (`Shares`) at
ZAR1.70 per share for a total value of ZAR510,000.00.
The shares were sold by Pangea in order to provide funding for other potential
projects.
Following this on market transaction Pangea holds 3,324,408 Shares, representing
0.23% 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 15,755,308 Shares representing 1.09% of the issued
share capital of the Company.
Mr Still did not receive any direct or indirect benefit from the above
transaction.
Rosebank
2 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
+27 (0) 11 243 2900 Kelly
+44 (0) 20 7029 7881
Macquarie First South Capital (Pty) Limited St James`s Corporate
Melanie de Nysschen / Annerie Britz / Yvette Services Limited
Labuschagne Phil Dexter
+27 (0) 11 583 2000 +44 (0) 20 7499 3916
Gable Communications
Justine James
+44 (0) 20 7193 7463
For further information on Pan African, please visit the website at
www.panafricanresources.com
Date: 02/11/2011 17:49:52 Produced by the JSE SENS Department.
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