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PAN - Pan African Resources plc - Exercise of options

Release Date: 28/10/2011 08:00
Code(s): PAN
Wrap Text

PAN - Pan African Resources plc - Exercise of options 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`) EXERCISE OF OPTIONS Pan African announces that the following issue of Pan African ordinary shares of 1p each ("Shares") has been made, following the exercise of share options granted under the Company`s share option plan: 200,000 Shares were issued at a price of ZAR0.83 per Share, for a total consideration of ZAR166,000. Application will be made today, to the AIM market of the London Stock Exchange ("AIM") and to the Main Board of JSE Limited ("JSE") for 200,000 Shares to be admitted to trading on AIM and for listing on the JSE. Admission to trading and listing on both markets is expected to occur on Friday, 4 November 2011. Following the above issuance, the total issued share capital of the Company comprises 1,444,240,711 Shares. Rosebank 28 October 2010 JSE Sponsor Macquarie First South Capital (Pty) Limited Enquiries South Africa UK Pan African Resources RBC Capital Markets Jan Nelson, Chief Executive Officer Martin Eales / James Kelly +27 (0) 11 243 2900 +44 (0) 20 7029 7881 Macquarie First South Capital St James`s Corporate Services (Pty) Limited Limited Melanie de Nysschen / Annerie Britz / Phil Dexter 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 Date: 28/10/2011 08:00:02 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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