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PGL - Pallinghurst Resources - Directors` Dealings In Securities

Release Date: 08/09/2009 15:52
Code(s): PGL
Wrap Text

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 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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