29th Jan 2018 12:30
Pan African Resources Plc - Cautionary AnnouncementPan African Resources Plc - Cautionary Announcement
PR Newswire
London, January 29
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
(“Pan African” or the “Company”)
CAUTIONARY ANNOUNCEMENT
The Company is pleased to announce that it has entered into exclusive negotiations with the joint administrators of ASA Resource Group Plc (the “Group”) in relation to acquiring certain of the assets and liabilities of the Group (“the Acquisition”), which if successfully concluded may have a material effect on the price of the Company’s securities. Discussions are ongoing and as such there can be no certainty the Acquisition will conclude.
Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement has been made, or this cautionary has been withdrawn.
A further announcement will be made in due course.
29 January 2018
| Contact information | |
| Corporate Office The Firs Office Building 1st Floor, Office 101 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0) 11 243 2900 Facsimile: + 27 (0) 11 880 1240 | Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0) 207 796 8644 Facsimile: + 44 (0) 207 796 8645 |
| Cobus Loots Pan African Resources PLC Chief Executive Officer Office: + 27 (0) 11 243 2900 | Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0) 11 243 2900 |
| Phil Dexter St James's Corporate Services Limited Company Secretary Office: + 44 (0) 207 796 8644 | John Prior / Paul Gillam Numis Securities Limited Nominated Adviser, Joint Broker Office: +44 (0) 20 7260 1000 |
| Sholto Simpson One Capital JSE Sponsor Office: + 27 (0) 11 550 5009 | Ross Allister / James Bavister Peel Hunt LLP Joint Broker Office: +44 (0) 207 418 8900 |
| Jeffrey Couch/Neil Haycock/Thomas Rider BMO Capital Markets Limited Joint Broker Office: +44 (0) 207 236 1010 | Bobby Morse/Chris Judd Buchanan Communications Public & Investor Relations UK Office: + 44 (0) 207 466 5000 |
| Julian Gwillim Aprio Strategic Communications Public & Investor Relations SA Office: +27 (0)11 880 0037 Questco Proprietary Limited JSE Transaction Sponsor Office: +27 (0) 11 011 9200 www.panafricanresources.com | Gareth Driver/Huneiza Goolam Webber Wentzel Legal Advisers Office: +27 (0) 11 530 5000 |
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