1st Nov 2011 14:46
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: PAFShare code on JSE: PANISIN: GB0004300496
(`Pan African' or the `company')
HOLDING IN COMPANY AND DIRECTORS' DEALING
DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR
The Company was notified on Friday 28 and Monday 31 October 2011 that Pangea Exploration (Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director, had sold the following ordinary shares of 1 pence each in the Company (`Shares') at the following prices:
277,863 Shares at R1.7056 per share
322,137 Shares at R1.7131 per share
45,708 Shares at R1.72 per share
54,292 Shares at R1.70 per share
The above shares were sold by Pangea in order to provide funding for other potential projects.
Following the above on market transactions Pangea holds 3,624,408 Shares, representing 0.25% of the issued capital of the Company. Mr Still's total direct, beneficial interest in Pan African remains unchanged at 2,000,000 Shares, representing 0.14% of the issued share capital of the Company as well as his total indirect, non-beneficial interest of 16,055,308 Shares representing 1.12% of the issued share capital of the Company.
Mr Still did not receive any direct or indirect benefit from the above transactions.
Rosebank1 November 2010JSE Sponsor
Macquarie First South Capital (Pty) Limited
EnquiriesSouth Africa UK Pan African Resources RBC Capital Markets Jan Nelson, Chief Executive Martin Eales / James Officer Kelly +27 (0) 11 243 2900 +44 (0) 20 7029 7881
Macquarie First South Capital St James's Corporate (Pty) Limited
Services Limited Melanie de Nysschen / Annerie Phil Dexter Britz / Yvette Labuschagne +44 (0) 20 7499 3916 +27 (0) 11 583 2000 Gable Communications Justine James +44 (0) 20 7193 7463
For further information on Pan African, please visit the website at www.panafricanresources.com
XLONRelated Shares:
Pan African Resources