Director/PDMR Shareholding & Issue of Equity
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or the "Company")
DEALINGS IN SECURITIES BY A DIRECTOR
The Company was notified on 12 March 2015 of the following dealing in respect
of the Company's ordinary shares of 1 pence each ("Shares"):
Name of director: KC Spencer
Company of which he is a director: Pan African Resources Plc
Nature of transaction: Exercise of options granted in 2008 in
terms of the Company's Share Option
Plan
Class of securities: Shares
Date of transaction: 12 March 2015
Number of securities: 1,500,000
Price per security: ZAR0.83 ("Strike Price")
Value of transaction: ZAR1,245,000
On-market or off-market: Off-market
Nature of interest: Indirect beneficial
Clearance given in terms of Paragraph Yes
3.66:
Further to this exercise of options by Mr Spencer, the Company has issued
1,500,000 Shares at the Strike Price for a total consideration of ZAR1,245,000
to Mr Spencer's family trust - Strode Trust.
Following this issue of Shares, the total issued share capital of the Company
comprises 1,831,494,763 Shares with no Shares held in treasury. Accordingly,
the figure of 1,831,494,763 Shares may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure and Transparency Rules.
Mr Spencer's total indirect beneficial interest in Pan African after the
exercise of options is 3,000,000 Shares, representing 0.16% of the issued share
capital of the Company.
Application will be made to the AIM market of the London Stock Exchange ("AIM")
and to the exchange operated by JSE Limited ("JSE") for 1,500,000 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 19 March 2015.
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 8000
Sholto Simpson Matthew Armitt / Ross Allister
One Capital Peel Hunt LLP
JSE Sponsor Joint Broker
Office: + 27 (0)11 550 5009 Office: +44 (0)020 7418 8900
Julian Gwillim Daniel Thöle
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
For further information on Pan African, please visit the website at
www.panafricanresources.com
13 March 2015
Sponsor: One Capital
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