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Directors dealings
PALLINGHURST RESOURCES 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
Pursuant to the Pallinghurst Rights Offer (Rights Offer) which closed on Friday, 20 July 2012, the following is disclosed in compliance with rules 3.63 to 3.65 of the Listings
Requirements of the JSE Limited:
Name: Brian Gilbertson
Designation: Chairman
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 10,402,684
Price of ordinary shares: R2.24
Value of transaction: R23,302,012.16
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Indirect, beneficial
Clearance to deal obtained: Yes
Name: Arne H. Frandsen
Designation: Chief Executive
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 1,301,639
Price of ordinary shares: R2.24
Value of transaction: R2,915,671.36
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Name: Andrew Willis
Designation: Finance Director
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 1,353,500
Price of ordinary shares: R2.24
Value of transaction: R3,031,840.00
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Name: Clive Harris
Designation: Non-Executive Director
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 187,652
Price of ordinary shares: R2.24
Value of transaction: R420,340.48
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
In addition, the below individuals are Partners of the Investment Manager, Pallinghurst (Cayman) GP L.P., who have also acquired shares in the Company as part of the Rights Offer.
Name: Priyank Thapliyal
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 1,790,346
Price of ordinary shares: R2.24
Value of transaction: R4,010,375.04
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Name: Sean Gilbertson
Date of transaction: 23 July 2012
Class of securities: Ordinary shares
Number of ordinary shares: 1,790,346
Price of ordinary shares: R2.24
Value of transaction: R4,010,375.04
Nature of transaction: Acquisition of ordinary shares
Nature of interest: Direct, beneficial
Clearance to deal obtained: Yes
Guernsey
26 July 2012
Sponsor
Investec Bank Limited
Date: 26/07/2012 08:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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