Last checked at 16 Jan 2013 07:00
PAN AFRICAN RESOURCES PLC - Director/PDMR ShareholdingPAN AFRICAN RESOURCES PLC - Director/PDMR Shareholding
PR Newswire
London, January 15
PAN AFRICAN RESOURCES PLC
(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)
AIM Code: PAFJSE Code: PANISIN: GB0004300496("Pan African" or "Company")DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF PAN AFRICAN
Pan African shareholders are advised of the dealing in securities by anassociate of a Pan African director with respect to excess shares ("ExcessShares"), issued pursuant to the Company's R703 million rights offer ("RightsOffer") which closed on 11 January, 2013.
Name of director: R G Still
Designation: Non-executive director
Name of associate: The Alexandra Family Trust ("Trust")
Relationship with director: R G Still is a trustee of the Trust
Date of transaction: 16 January 2013
Nature of transaction: Excess Shares issued to the Trust pursuant to the Trustapplying for Excess Shares in terms of the Rights Offer
Class of security: Ordinary shares
Number of securities: 72, 836
Subscription price per security: R1.90
Total value of transaction: R138,388.40
Confirmation of on-market or off-market: Off-market
Nature of director's interest: Indirect non-beneficial
In compliance with paragraph 3.66 of the JSE Listings Requirements, priorclearance to deal in the above securities was obtained in accordance with theCompany's trading policy.16 January 2013SponsorOne CapitalEnquiries UK South Africa Pan African Resources Canaccord Genuity Limited - Nomad and Joint Broker Jan Nelson, Chief Executive Officer Rob Collins / Peter Stewart / Sebastian +27 (0) 11 243 2900 Jones / Joe Weaving +44 (0) 20 7523 8350 One Capital finnCap Limited - Joint Broker Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving +27 (0) 11 550 5000 +44 (0) 20 7220 0500 Vestor Investor Relations St James's Corporate Services Limited Louise Brugman Phil Dexter +27 (0) 11 787 3015 +44 (0) 20 7499 3916 +27 83 504 1186 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431