26 Nov 2009 12:41
Pan African Resources PLC (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 ("Pan African" or "the Company")
TRANSFER OF PAN AFRICAN'S LISTING FROM THE ALTERNATIVE EXCHANGE ("ALTX") TO THE MAIN BOARD OF THE JSE LIMITED ("JSE")AND CAUTIONARY ANNOUNCEMENT
1. Transfer of listing to the Main Board of the JSE
The directors of Pan African have pleasure in announcing that the JSE has approved the transfer of Pan African`s listing from the AltX to the Gold Mining Sector of the Main Board of the JSE, with effect from the commencement of business on Tuesday, 1 December 2009.
Accordingly, the JSE will become the Company's dual primary regulator.
2. Cautionary announcement
In terms of the Listings Requirements of the JSE, shareholders are advised that the Company has entered into discussions in respect of a possible transaction which, if successfully concluded, could have a material effect on the price of the Company's securities.
Accordingly, shareholders are advised to exercise caution until a further announcement is made.
Rosebank26 November 2009
JSE Sponsor and Corporate Advisor
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
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
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
Natalie Di-Sante+27 (0) 11 750 0207Sholto Simpson+27 (0) 11 750 0213
St James's Corporate Services Limited
Phil Dexter
+44 (0) 20 7499 3916
vendor
Pan African Resources (PAF)