Last checked at 28 Oct 2011 07:00
28 October 2011 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:
* 200,000 Shares were issued at a price of ZAR0.83 per Share, for a total
consideration of ZAR166,000.
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 200,000 Shares to be admitted to trading on AIM and for listing on the JSE. Admission to trading and listing on both markets is expected to occur on Friday 4 November 2011.
Following the above issuance, the total issued share capital of the Company comprises 1,444,240,711 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
Macquarie First South Capital(Pty) Limited St James's Corporate Services
Limited Melanie de Nysschen / Annerie Britz / Yvette Labuschagne Phil Dexter +27 (0) 11 583 2000 +44 (0) 20 7499 3916 Gable Communications Justine James +44 (0) 20 7193 7463
XLON