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Shanduka shareholding in Pan African
Pan African Resources PLC
("Pan African" or the “Group”)
(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
SHANDUKA SHAREHOLDING IN PAN AFRICAN
Pan African shareholders are referred to media reports during the last
week, where it was announced that transaction agreements between the
Shanduka Group (Proprietary) Limited (“Shanduka Group”) and the Pembani
Group (Proprietary) Limited (collectively “Mergeco”) had been entered into,
and the requisite regulatory filings submitted, in order to merge the two
entities (the “Transaction”). The merger remains subject to regulatory and
other approvals.
Currently Shanduka Group holds 23.86% of the issued share capital of Pan
African, via its wholly-owned subsidiary Shanduka Gold (Proprietary)
Limited (“Shanduka Gold”). Pan African has been informed that following the
completion of the Transaction, Mergeco will not hold any interest in
Shanduka Gold or in Pan African. The direct shareholding in Shanduka Gold,
and indirect 23.86% shareholding in Pan African, will instead be held by
the following entities and in the following proportions:
- The Mabindu Trust (49.5%);
- Jadeite Limited (33.6%), an investment vehicle of the China Investment
Corporation; and
- The Standard Bank of South Africa Limited (16.9%).
The Mabindu Trust is a broad-based black economic empowerment trust, with
historically disadvantaged South Africans as beneficiaries.
Pan African believes that the Transaction does not negatively affect the
Group’s existing black economic empowerment credentials.
For further information on Pan African, please visit the website at
www.panafricanresources.com
9 June 2015
JSE Sponsor
One Capital
Contact Details
Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0) 11 243 2900
Facsmile: + 27 (0) 11 880 1240
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Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office: + 44 (0) 207 796 8644
Facsmile: + 44 (0) 207 796 8645
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0)11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter Peter Stewart
St James's Corporate Services Limited Canaccord Genuity Limited
Company Secretary Nominated Adviser
Office: + 44 (0)207 796 8644 Office: +44 (0)207 523 8350
Matthew Armitt / Ross Allister
Peel Hunt LLP
Joint Broker
Office: +44 (0)020 7418 8900
Nigel Gordon Sholto Simpson
Fasken Martineau LLP One Capital
Solicitors in the UK JSE Sponsor
Office: +44 (0)207 917 8500 Office: + 27 (0)11 550 5009
Julian Gwillim Daniel Thole
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037 Office: + 44 (0)203 772 2500
www.panafricanresources.com
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Date: 09/06/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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