Last checked at 21 Apr 2008 15:00
Regulatory Announcement Company Pan African Resources PLC TIDM PAF Headline Issue of Equity Released 21 April 2008 Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registration number 3937466 on 25 February 2000) Share code on AIM: PAF ISIN: GB0004300496 Share code on JSE: PAN ("Pan African" or the "Company") Issue of Equity
Pan African announces that as a result of an exercise of share options, the Company has today issued 5,000,000 ordinary shares of 1p each (`Shares') at a price of 2p per Share.
Application has been made to the AIM Market of the London Stock Exchange (`AIM') and the Alternative Exchange of the JSE Limited (`Altx') for 5,000,000 Shares to be admitted to trading on AIM and listed on Altx (`Admission'). Admission is expected to occur on 25 April 2008.
ENDS Enquiries:Pan African Ambrian Partners Macquarie First St James's Resources Limited South Corporate Corporate Services Finance (Pty) Limited Limited Jan Nelson, CEO Richard Brown Amanda Markman Phil Dexter
+27 (0) 11 777 7840 +44 (0) 20 7634 +27 (0) 11 343 2307 +44 (0) 20 7499
4709 3916 Keith Spencer, Richard Greenfield Annerie Britz FDBeachhead Media &Chairman Investor Relations +44 (0) 20 7634 +27 (0) 11 343 2328
+27 (0) 11 880 3155 4710 Nicole Stoyell Jennifer Cohen Public Relations +27 (0) 11 214 2401 +27 (0) 11 777 7840 Louise Brugman +27 (0) 11 214 2415
For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com
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