| Thu 24 Nov 2011, 11:00 | | PAN - Pan African Resources plc - Exercise of options |
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PAN
PAN
PAN - Pan African Resources plc - Exercise of options
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`)
EXERCISE OF OPTIONS
Pan African announces that the following issue of Pan African ordinary shares
of 1p each ("Shares") has been made, following the exercise of share options
granted under the company`s share option plan:
- 723,650 Shares were issued at a price of ZAR0.83 per Share, for a total
consideration of ZAR600,629.50
Application will be made today, to the AIM market of the London Stock
Exchange ("AIM") and to the Main Board of JSE Limited ("JSE") for 723,650
shares to be admitted to trading on AIM and for listing on the JSE, with
admission to trading and listing on both markets expected to occur on 1
December 2011.
Following the above issues of shares, the total issued share capital of the
company comprises 1,444,964,361 Shares.
Rosebank
24 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
Melanie de Nysschen / Annerie Britz / Phil Dexter
Yvette Labuschagne +44 (0) 20 7499 3916
+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: 24/11/2011 11:00:01 Produced by the JSE SENS Department.
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