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PAN AFRICAN RESOURCES PLC - Issue Of Shares - Exercise Of Options

Release Date: 09/10/2013 15:45
Code(s): PAN     PDF:  
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Issue Of Shares - Exercise Of Options

Pan African Resources PLC
("Pan African" or the “Group” or the "Company")
(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

ISSUE OF SHARES: 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 in 2007 under the Company’s share option
plan:
     - 1,213,000 Shares at a price of R0.83 per Share, for a total consideration of R1,006,790.00; and
     - 850,000 Shares at a price of R0.68 per Share, for a total consideration of R578, 000.00
         (collectively, the “Issue”).

Application will be made to the AIM market of the London Stock Exchange (“AIM”) and to the Main Board
of JSE Limited (“JSE”) for 2,063,000 Shares to be admitted to trading on AIM and for listing on the JSE,
with admission to trading and listing on both markets expected to occur on Wednesday,
16 October 2013.

Following the Issue the total issued share capital of the Company comprises 1,827,897,263 Shares.

9 October 2013
Sponsor
One Capital

PAN AFRICAN ENQUIRIES
South Africa                                           UK

Pan African Resources                                  Canaccord Genuity Limited
Mr Ron Holding                                         Nomad and Joint Broker
Chief Executive Officer                                Andrew Chubb / Peter Stewart / Joe Weaving
+27 (0) 11 243 2900                                    +44 (0) 20 7523 8350

Vestor Investor Relations                              finnCap Limited
Louise Brugman                                         Joint Broker
+27 (0) 11 787 3015                                    Elizabeth Johnson / Joanna Weaving
+27 83 504 1186                                        +44 (0) 20 7220 0500

One Capital                                            St James’s Corporate Services Limited
Liezl Gildenhuys                                       Phil Dexter
+27 (0) 11 550 5000                                    +44 (0) 20 7796 8647

                                                       Gable Communications
                                                       Justine James
                                                       +44 (0) 20 7193 7463 / +44 (0) 7525 324431

For further information on Pan African, please visit the website at www.panafricanresources.com

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