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PALLINGHURST RESOURCES LIMITED - Directors dealings

Release Date: 26/07/2012 08:33
Code(s): PGL
Wrap Text
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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