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PAN - Transfer of Pan African`s Listing from the Alternative Exchange ("Altx")

Release Date: 26/11/2009 14:39
Code(s): PAN
Wrap Text

PAN - Transfer of Pan African`s Listing from the Alternative Exchange ("Altx") to the Main Board of the JSE Limited ("JSE") and Cautionary Announcement 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: PAF Share code on JSE: PAN ISIN: GB0004300496 ("Pan African" or "the Company") TRANSFER OF PAN AFRICAN`S LISTING FROM THE ALTERNATIVE EXCHANGE ("ALTX") TO THE MAIN BOARD OF THE JSE LIMITED ("JSE") AND CAUTIONARY ANNOUNCEMENT 1. Transfer of listing to the Main Board of the JSE The directors of Pan African have pleasure in announcing that the JSE has approved the transfer of Pan African`s listing from the AltX to the Gold Mining Sector of the Main Board of the JSE, with effect from the commencement of business on Tuesday, 1 December 2009. Accordingly, the JSE will become the Company`s dual primary regulator. 2. Cautionary announcement In terms of the Listings Requirements of the JSE, shareholders are advised that the Company has entered into discussions in respect of a possible transaction which, if successfully concluded, could have a material effect on the price of the Company`s securities. Accordingly, shareholders are advised to exercise caution until a further announcement is made. Rosebank 26 November 2009 JSE Sponsor and Corporate Advisor Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com Enquiries: Pan African Resources Jan Nelson, CEO +27 (0) 11 243 2900 Nicole Spruijt, Public Relations +27 (0) 11 243 2900 RBC Capital Markets Martin Eales +44 (0) 20 7029 7881 Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited Natalie Di-Sante +27 (0) 11 750 0207 Sholto Simpson +27 (0) 11 750 0213 St James`s Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 Date: 26/11/2009 14:39:01 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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