| Fri 30 Mar 2012, 15:45 | | PAN - Pan African - Holding in Company and Dealings by an Associate of a Non- |
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PAN
PAN
PAN - Pan African - Holding in Company and 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 DEALINGS BY AN ASSOCIATE OF A NON-EXECUTIVE DIRECTOR
The Company was notified on Friday 30 March 2012 that Pangea Exploration (Pty)
Ltd ("Pangea"), a private company of which Mr Rob Still is a director, had
disposed of 1,530,612 ordinary shares of 1 pence each in the Company ("Shares")
at ZAR1.96 per share for a total value of ZAR3,000,000.
The shares were sold by Pangea in order to finance new business.
Following this off market transaction, Pangea holds 1,793,796 Shares,
representing 0.12% 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 14,224,696 Shares representing
0.98% of the issued share capital of the Company.
Mr Still did not receive any direct or indirect benefit from the above
transaction.
Johannesburg
30 March 2012
JSE Sponsor
One Capital
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 7653 4000
One Capital St James`s Corporate Services
Sholto Simpson / Megan Young / Limited
Nicholas Tyler Phil Dexter
+27 (0) 11 550 5000 +44 (0) 20 7499 3916
Vestor Investor Relations Gable Communications
Louise Brugman Justine James
+27 (0) 11 787 3015 +44 (0) 20 7193 7463
For further information on Pan African, please visit the website at
www.panafricanresources.com
Date: 30/03/2012 15:45:01 Produced by the JSE SENS Department.
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