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PAN - Pan African Resources PLC - Issue of Equity

Release Date: 27/03/2008 13:30
Code(s): PAN
Wrap Text

PAN - Pan African Resources PLC - Issue of Equity Pan African Resources PLC ("Pan African" or the "Company") (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 Issue of Equity Pan African announces that as a result of an exercise of share options, the Company issued 4,000,000 ordinary shares of 1p each (`Shares`) on 27 March 2008 at a price of 4p per Share. Application has been made to the AIM Market of the London Stock Exchange (`AIM`) and the Alternative Exchange of the JSE Limited (`Altx`) for 4,000,000 Shares to be admitted to trading on AIM and listed on Altx (`Admission`). Admission is expected to occur on 28 March 2008. ENDS Enquiries: Pan African Ambrian Partners Macquarie First St James`s Resources Limited South Corporate Corporate Finance (Pty) Services Limited Limited Jan Nelson, CEO Richard Brown Amanda Markman Phil Dexter +27 (0) 11 777 +44 (0) 20 7634 +27 (0) 11 343 +44 (0) 20 7499 7840 4709 2307 3916 Keith Spencer, Richard Done Hattingh FDBeachhead Chairman Greenfield +27 (0) 11 343 Media & Investor +27 (0) 11 880 +44 (0) 20 7634 2308 Relations 3155 4710 Nicole Stoyell Jennifer Cohen Public Relations +27 (0) 11 214 +27 (0) 11 777 2401 7840 Louise Brugman +27 (0) 11 214 2415
For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com Sponsor Maquarie First South Corporate Finance (Pty) Limited 27 March 2008 Date: 27/03/2008 13:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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