Last checked at 13 Nov 2012 15:20
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 in 2007 under the Company's share option plan:
* 3,000,000 Shares were issued at a price of 7.0 pence per Share, for a total
consideration of £210,000.00
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 3,000,000 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 19 November 2012.
Following the above issue of shares, the total issued share capital of the Company comprises 1,451,262,361 Shares.
13 November 2012SponsorOne CapitalEnquiriesSouth Africa UK Pan African Resources Canaccord Genuity Limited - Nomad and Joint Broker Jan Nelson, Chief Executive Rob Collins / Sebastian Jones / Joe Weaving Officer +27 (0) 11 243 2900 +44 (0) 20 7523 8350 One Capital finnCap Limited - Joint Broker Sholto Simpson / Megan Young Matthew Robinson / Elizabeth Johnson +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 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431
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