Information  X 
Enter a valid email address

Pan African Resources PLC (PAF)

  Print      Mail a friend       Annual reports

Thursday 25 November, 2010

Pan African Resources PLC

Holding in Company & Directors' Dealings


25 November 2010

                           Pan African Resources PLC                           

                       (`Pan African' or the `Company')                        

Incorporated and registered in England and Wales under Companies Act 1985 with 

                 registered number 3937466 on 25 February 2000                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

HOLDING IN COMPANY & DIRECTORS' DEALINGS

The Company was notified on 23 November 2010 that Pangea Exploration (Pty)
Limited ("Pangea") had sold 132,807 ordinary shares of 1 pence each in the
Company ("Shares") at an average price of ZAR1.1963 per Share, for a total
consideration of ZAR158,880.33.  Pangea's remaining holding in Pan African
after the sale is 41,824,408 Shares, representing 2.90% of the issued share
capital of the Company.

Mr Robert Still, a non-executive director of the Company, is also a director of
Pangea and a trustee of a family trust which owns 33.33% of Pangea.  Mr Still
is therefore deemed to have an indirect, non-beneficial interest in Pangea's
holding in the Company. 

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Brett Jacobs       
                                                                             
+27 (0) 11 243 2900                        +44 (0) 20 7653 4000              
                                                                             
Macquarie First South Advisers (Pty) Ltd   St James's Corporate Services     
                                           Limited                           
Melanie de Nysschen / Yvette Labuschagne /                                   
Annerie Britz                              Phil Dexter                       
                                                                             
+27 (0) 11 583 2000                        +44 (0) 20 7499 3916              
                                                                             
Vestor Media & Investor Relations          Hansard Communications            
                                                                             
Louise Brugman                             Justine James                     
                                                                             
+27 (0) 11 787 3015                        +44 (0) 20 7245 1100 / +44 (0)    
                                           7525 324431