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PGL - Pallinghurst Resources - Directors` Dealings In Securities
PALLINGHURST RESOURCES LIMITED
(Previously Pallinghurst Resources (Guernsey) Limited)
(Incorporated in Guernsey)
(Guernsey registration number 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst" or "the Company")
DIRECTORS` DEALINGS IN SECURITIES
Pallinghurst shareholders are referred to the announcement released on the
Securities Exchange News Service on Tuesday, 11 August 2009 and the circular
posted to Pallinghurst shareholders on 7 September 2009, in relation to the
proposed capital raising of R800 million by way of a renounceable rights offer
("Rights Offer"). Pallinghurst shareholders are hereby advised that the shares
in respect of the pre-placement, under the terms of the Rights Offer ("Pre-
placement"), were listed and issued to the Pre-placement participants on 7
September 2009.
The directors of the Company ("Directors") and partners of Pallinghurst (Cayman)
GP L.P., the Company`s investment manager ("Investment Manager"), collectively
have an entitlement to 10,169,720 Rights Offer shares. The Directors and
partners of the Investment Manager have subscribed for 11,214,286 Rights Offer
shares for an aggregate consideration of R39,250,001, of which 1,044,566 Rights
Offer shares represent excess applications for Rights Offer shares.
Information relating to the Directors and the partners of the Investment
Manager, who have received shares in the Pre-placement, are disclosed below in
compliance with rules 3.63 to 3.65 of the Listings Requirements of the JSE
Limited:
Name: Brian Gilbertson
Designation: Chairman of the Company and
partner of the Investment
Manager
Date of transaction: 7 September 2009
Class of securities: Ordinary shares
Number of Rights Offer shares 3,858,985
taken-up:
Price of Rights Offer share: R3.50
Value of transaction: R13,506,447.50
Nature of transaction: Acquisition of Rights Offer
shares
Nature of interest: Indirect, beneficial
Clearance to deal obtained: Yes
Name: Arne H. Frandsen
Designation: Chief Executive Officer of the
Company and partner of the
Investment Manager
Date of transaction: 7 September 2009
Class of securities: Ordinary shares
Number of Rights Offer shares 231,130
taken-up:
Price of Rights Offer share: R3.50
Value of transaction: R808,955.00
Nature of transaction: Acquisition of Rights Offer
shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Mr Arne H. Frandsen has applied for an additional 1,940,280 Rights Offer shares,
in excess of his entitlement to Rights Offer shares set out above.
Name: Andrew Willis
Designation: Director of the Company and
partner of the Investment
Manager
Date of transaction: 7 September 2009
Class of securities: Ordinary shares
Number of Rights Offer shares 231,130
taken-up:
Price of Rights Offer share: R3.50
Value of transaction: R808,955.00
Nature of transaction: Acquisition of Rights Offer
shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Mr Andrew Willis has applied for an additional 609,941 Rights Offer shares, in
excess of his entitlement to Rights Offer shares set out above.
Name: Sean Gilbertson
Designation: Partner of the Investment
Manager
Date of transaction: 7 September 2009
Class of securities: Ordinary shares
Number of Rights Offer shares 231,130
taken-up:
Price of Rights Offer share: R3.50
Value of transaction: R808,955.00
Nature of transaction: Acquisition of Rights Offer
shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Mr Sean Gilbertson has applied for an additional 1,940,280 Rights
Offer shares, in excess of his entitlement to Rights Offer shares
set out above.
Name: Priyank Thapliyal
Designation: Partner of the Investment
Manager
Date of transaction: 7 September 2009
Class of securities: Ordinary shares
Number of Rights Offer shares 231,130
taken-up:
Price of Rights Offer share: R3.50
Value of transaction: R808,955.00
Nature of transaction: Acquisition of Rights Offer
shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Mr Priyank Thapliyal has applied for an additional 1,940,280 Rights Offer
Shares, in excess of his entitlement to Rights Offer shares set out above.
Guernsey
8 September 2009
Sponsor
Investec Bank Limited
Date: 08/09/2009 15:52:05 Supplied by www.sharenet.co.za
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