Last checked at 3 Apr 2012 07:00
3 April 2012 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 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:
* 500,000 Shares were issued at a price of 7.0 pence per Share, for a total
consideration of £35,000.00.
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 500,000 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 Tuesday 10 April 2012.
Following the above issues of shares, the total issued share capital of the Company comprises 1,445,464,361 Shares.
EnquiriesSouth 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 One Capital St James's Corporate Services Limited Sholto Simpson / Megan Young / 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
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