Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPan African Resources Regulatory News (PAF)

Share Price Information for Pan African Resources (PAF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.80
Bid: 24.70
Ask: 24.80
Change: 0.15 (0.61%)
Spread: 0.10 (0.405%)
Open: 25.40
High: 25.40
Low: 24.30
Prev. Close: 24.65
PAF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

28 Jun 2010 07:00

28 June 2010 Pan African Resources PLC (`Pan African' or the `Company' or the `Group')

(Incorporated and registered in England and Wales under Companies Act 1985 with

registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 TRADING UPDATE

In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next, will differ by at least 20 per cent from those of the previous corresponding period.

The company advises shareholders as follows:

As a UK incorporated company Pan African's reporting currency is Great British Pounds ("GBP"). Earnings per share for the financial year ending 30 June 2010, denominated in GBP, is expected to be between 148 per cent and 158 per cent higher than those for the previous corresponding period (2009: 0.4 pence per share). Earnings per share, calculated in South African Rand ("ZAR"), using the average ZAR:GBP exchange rate of ZAR:GBP 12.01: 1 that has prevailed year to date during the current financial year (2009 average exchange rate of ZAR:GBP 14.39: 1), is expected to be between 106 per cent and 116 per cent higher than those for the previous corresponding period (2009: 5.74 cents per share).

Headline earnings per share for the financial year ending 30 June 2010, denominated in GBP, is expected to be between 16 per cent and 26 per cent higher than those for the previous corresponding period (2009: 0.85 pence per share). Headline earnings calculated in ZAR is not expected to differ by more than 10 per cent from those for the financial year ending 30 June 2009 (2009: 12.28 cents per share).

The financial information for the financial year ending 30 June 2010 and contained in this trading update has neither been reviewed nor reported on by the company`s auditors. It is anticipated that the company's audited results for the financial year ending 30 June 2010 will be released on 31 August 2010.

For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com

Enquiries:Pan African ResourcesJan Nelson, CEO+27 (0) 11 243 2900

Nicole Spruijt, Public Relations

+27 (0) 11 243 2900RBC Capital MarketsMartin Eales+44 (0) 20 7029 7881

Macquarie First South Advisers (Proprietary) Limited

Melanie de Nysschen

+27 (0) 11 583 2000

St James's Corporate Services Limited

Phil Dexter

+44 (0) 20 7499 3916

vendor
Date   Source Headline
20th Feb 20158:00 amPRNAppointment of Financial Director
12th Feb 20157:00 amPRNPan African Site Visit and ETRP Update
5th Feb 201510:30 amPRNStatement re Appointment of new CEO
12th Jan 201512:00 pmPRNTrading Statement
21st Nov 20141:16 pmPRNSalient Dividend Dates
21st Nov 20141:04 pmPRNResult of AGM
21st Nov 201411:30 amPRNSection 54 Notices of orders at Barberton & Evander
17th Nov 20148:30 amPRNDisposal of interest in Auroch Minerals
3rd Nov 20144:15 pmPRNHolding(s) in Company
29th Oct 20147:00 amPRNNotice of AGM & No Change Statement
10th Oct 201412:06 pmPRNHolding(s) in Company
8th Oct 20143:00 pmPRNHolding(s) in Company
16th Sep 20147:00 amPRNProvisional audited results for the year ended 30.06.14
8th Sep 20141:00 pmPRNDirectorate Change
3rd Sep 20147:12 amPRN2014 Abridged Mineral Resource & Mineral Reserve Report
29th Aug 20144:40 pmRNSSecond Price Monitoring Extn
29th Aug 20144:35 pmRNSPrice Monitoring Extension
29th Aug 20147:00 amPRNTrading Statement & Dividend Guidance
14th Aug 20141:00 pmPRNAppointment of Joint Broker & Communications Advisers
29th Jul 20142:12 pmPRNHolding(s) in Company
2nd Jul 20142:00 pmPRNDirectorate Change
20th Jun 201412:35 pmPRNHolding(s) in Company
2nd Jun 20143:15 pmPRNIssue of Equity
30th May 20144:40 pmRNSSecond Price Monitoring Extn
30th May 20144:35 pmRNSPrice Monitoring Extension
21st May 20142:31 pmPRNHolding(s) in Company
12th May 20143:30 pmPRNDirector/PDMR Shareholding
9th May 20147:00 amPRNDirector/PDMR Shareholding
8th May 20147:00 amPRNDirector/PDMR Shareholding
28th Mar 20147:00 amPRNEvander Tailings Retreatment Project approved
3rd Mar 201411:15 amPRNTotal Voting Rights
26th Feb 20142:30 pmPRNDirector/PDMR Shareholding
24th Feb 20143:00 pmPRNDirector/PDMR Shareholding
21st Feb 20141:00 pmPRNDirector/PDMR Shareholding
19th Feb 20147:05 amPRNIssue of Equity
19th Feb 20147:00 amPRNInterim unaudited results for 6 months ended 31 Dec 2013
5th Feb 20142:00 pmPRNIssue of Equity
29th Jan 20147:00 amPRNTrading Update
9th Dec 20137:00 amPRNAppointment of Independent Non-Executive Director
27th Nov 20134:40 pmRNSSecond Price Monitoring Extn
27th Nov 20134:35 pmRNSPrice Monitoring Extension
26th Nov 20137:15 amPRNConditional amendment to Manica disposal agreement
22nd Nov 201312:00 pmPRNResult of AGM
22nd Nov 201310:45 amPRNSalient Dividend Dates
7th Nov 20139:31 amPRNHolding(s) in Company
18th Oct 20137:00 amPRNResponse to media reports re Navachab Mine disposal
9th Oct 20132:45 pmPRNIssue of Equity
4th Oct 201310:22 amPRNDirector/PDMR Shareholding
2nd Oct 20138:00 amPRNWage negotiations successfully concluded at Barberton
1st Oct 20132:23 pmPRNTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.