PAN AFRICAN RESOURCES PLC - Pan African Resources successfully concludes Barberton Mines wage negotiations

Release Date: 07/09/2018 08:00
Code(s): PAN
 
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Pan African Resources successfully concludes Barberton Mines wage negotiations

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 Resources” or the “Company” or the “Group”)


PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINES
WAGE NEGOTIATIONS


Pan African Resources is pleased to announce that Barberton Mines Proprietary
Limited (“Barberton Mines”) has successfully concluded a three-year wage
agreement with the National Union of Mineworkers (“NUM”) and the United
Association of South Africa (“UASA”) (“the Agreement”). NUM and UASA represent
the majority of employees at Barberton Mines. The Agreement provides for an
average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA
members, respectively, over the three years. The negotiations were successfully
concluded with no industrial action or work stoppages.

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


7 September 2018


Contact information

Corporate Office                       Registered Office
The Firs Office Building               Suite 31
2nd Floor, Office 204                  Second Floor
Cnr. Cradock and Biermann Avenues      107 Cheapside
Rosebank, Johannesburg                 London
South Africa                           EC2V 6DN
Office:   + 27 (0) 11 243 2900         United Kingdom
Facsimile: + 27 (0) 11 880 1240        Office:   + 44 (0) 207 796 8644
                                       Facsimile: + 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                            John Prior / Paul Gillam
St James's Corporate Services          Numis Securities Limited
Limited                                Nominated Adviser and Joint Broker
Company Secretary                      Office: +44 (0) 20 7260 1000
Office: + 44 (0) 207 796 8644

Sholto Simpson                         Ross Allister/James Bavister/David
One Capital                            McKeown
JSE Sponsor                            Peel Hunt LLP
Office: + 27 (0) 11 550 5009           Joint Broker
                                       Office: +44 (0) 207 418 8900

Julian Gwillim                         Jeffrey Couch/Neil Haycock/Thomas
Aprio Strategic Communications         Rider
Public & Investor Relations SA         BMO Capital Markets Limited
Office: +27 (0)11 880 0037             Joint Broker
                                       Office: +44 (0) 207 236 1010
Bobby Morse
Buchanan
Public & Investor Relations UK
Office: +44 (0)20 7466 5000
Email: PAF@buchanan.uk.com
Website: www.panafricanresources.com

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