27 Apr 2012 07:00
PAN AFRICAN RESPOURCES PLC
("Pan African" or the "Company")
Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on February 2000
AIM: PAFJSE: PANISIN: GB0004300496EXERCISE OF OPTIONS
Pan African announces that the following issues of Pan African ordinary shares of 1p each ("Shares") have been made, following the exercise of share options granted, as a part of a retention package to key management at Barberton Mines, under the Company's share option plan:
1,098,000 Shares at a price of 83 cents , for a total consideration of R911,340
1,700,000 Shares at a price of 68 cents, for a total consideration of R1,156,000.
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 2,798,000 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 Thursday 3 May 2012.
Following the above issues of Shares, the total issued share capital of the Company comprises 1,448,262,361 Shares.
26 April 2012EnquiriesSouth Africa UK
Pan African Resources Canaccord Genuity Limited - Nomad and
Jan Nelson, Chief Executive Officer Joint Broker
+27 (0) 11 243 2900 John Prior / Sebastian Jones / Joe Weaving
+44 (0) 20 7523 8350
One Capital finnCap Limited - Joint Broker
Sholto Simpson / Megan Young / Elizabeth Johnson / Joanna Weaving
Nicholas Tyler +44 (0) 20 7220 0500
+27 (0) 11 550 5000
Vestor Investor Relations St James's Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015/+27 (0) 83 5041186 +44 (0) 20 7499 3916
Gable Communications Justine James 44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at www.panafricanresources.com
XLON
Pan African (PAF)