Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Pan African Resources PLC (PAF)

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Friday 01 July, 2011

Pan African Resources PLC

Correction : Statement re Phoenix Platinum Project

Final bullet point has been amended to read
• A final amount of ZAR500,000 (GBP46,000) for the purchase of the CTRP site is
payable upon transfer of the property which is expected to conclude in the last
quarter of calendar year 2011.

1 July 2011

                           Pan African Resources PLC                           

                (`Pan African' or the 'Company' or the `Group')                

Incorporated and registered in England and Wales under Companies Act 1985 with 
              the registered number: 3937466 on 25 February 2000               

                       Share Code on AIM: PAF / JSE: PAN                       

                              ISIN: GB0004300496                               

                  Phoenix Platinum Project Ahead of Schedule                   

                 Concluding Final Commissioning Payment to IFM                 

Pan African Resources, the African focused precious metals producer, announces
that an early settlement payment of ZAR27.29 million (GBP2.5 million) to
International Ferro Metals SA (Pty) Ltd (`IFM') has been made.

As announced on 5 November 2010, the agreement to construct the Phoenix
Platinum (Pty) Limited Chrome Tailings Retreatment Plant (`CTRP') on IFM's
Lesedi property detailed that Pan African would pay the total consideration of
ZAR80 million to IFM in four tranches, as follows:

  * ZAR25 million (GBP2.24 million) payable upon signature of the agreement.
    Payment was made on 9 November 2010;
  * ZAR25 million (GBP2.24 million) payable on commencement of the first bulk
    earthworks on the site. Payment was made on 22 March 2011;
  * ZAR29.5 million (GBP2.7 million) payable on the commissioning of the CTRP.
    An early settlement payment of ZAR27.29 million (GBP2.5 million) was made
    on 30 June 2011, in accordance with a negotiated 7.5% early settlement
    discount of ZAR2.21 million (GBP203,000) on the commissioning payment,
    which payment was scheduled for January 2012; and
  * A final amount of ZAR500,000 (GBP46,000) for the purchase of the CTRP site
    is payable upon transfer of the property which is expected to conclude in
    the last quarter of calendar year 2011.
Cold commissioning of the CTRP is ahead of scheduled with first production
expected during December 2011.


South Africa                           UK                                    
Pan African                            RBC Capital Markets                   
Jan Nelson, Chief Executive Officer    Martin Eales                          
+27 (0) 11 243 2900                    +44 (0) 20 7029 7881                  
Pan African                            St James's Corporate Services Limited 
Nicole Spruijt, Public Relations       Phil Dexter                           
+27 (0) 11 243 2900                    +44 (0) 20 7499 3916                  
Macquarie First South Advisers (Pty)   Gable Communications                  
                                       Justine James                         
Yvette Labuschagne/ Annerie Britz/                                           
Melanie de Nysschen                    +44 (0)20 7193 7463                   
+27 (0) 11 583 2000

a d v e r t i s e m e n t