Pan African Resources Regulatory News (PAF)

7 Sep 2007 14:03

Pan African Resources PLC07 September 2007 7 September 2007 Pan African Resources PLC ('Pan African' or the 'Company') Holding in Company The Company received notification on 6 September 2007 of a change in thenotifiable interest of Pangea Exploration (Proprietary) Limited ('Pangea') inthe ordinary shares of 1p each in the Company ('Shares'). On 5 September 2007, Pangea placed 20,000,000 shares at a price of 7.25p pershare to an institutional shareholder in order to finance the tax liabilityarising on the 66,000,000 shares issued to Pangea. As a result of this, Pangeanow retains 46,000,000 shares representing 4.29% of the issued share capital. For further information please contact: ENDS For further information on Pan African Resources plc, please visit the websiteat www.panafricanresources.com Enquiries: Pan African Resources PLC Ambrian Partners Limited Jan Nelson, CEO Richard Brown +27 (0) 11 777 7840 +44 (0) 20 7776 6417 Nathan Steinberg Richard Greenfield +44 (0) 20 7845 7500 +44 (0) 20 7776 6418 Nicole Stoyell, PR +27 (0) 11 777 7840 Macquarie First South Corporate Finance (Pty) Limited Parkgreen Communications Amanda Markman Justine Howarth / Bex Sanders-Hewett +27 (0) 11 343 2307 +44 (0) 207 851 7480 Done Hattingh +27 (0) 11 343 2308 This information is provided by RNS The company news service from the London Stock Exchange