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
The Company was notified today and yesterday, of the following dealings in
respect of the Company's shares:
Name of director: JAJ Loots
Company of which he is a Non-executive director of Pan African and, newly
director: appointed Joint Interim Chief Executive Officer
Date of transaction: 1 March 2013
Nature of transaction: Purchase of shares
Number of shares: 100,000
Price per ordinary share: GBP0.16
Value of transaction: GBP16,000
Class of shares: Ordinary shares of 1 pence each ("Ordinary
Shares")
Interest of director: Direct beneficial
Clearance obtained: Yes
On-market or off-market: On-market
Following this on-market transaction, Mr Loots has a direct beneficial interest
in 181,575 Ordinary Shares, representing 0.01% of the issued share capital of
the Company.
Name of director: RA Holding * (Chief Operating Officer and, newly
appointed Joint Interim Chief Executive Officer)
Company of which he is a Director of Barberton Mines, Emerald Panther, and
director: Evander
Date of transaction: 1 March 2013
Nature of transaction: Purchase of shares
Number of shares: 125,000
Price per ordinary share: ZAR2.16
Value of transaction: ZAR270,000
Class of shares: Ordinary Shares
Interest of director: Direct beneficial
Clearance obtained: Yes
On-market or off-market: On-market
Name of director: NA Reynolds * (Acting Chief Financial Officer)
Company of which he is a Director of Emerald Panther Investments 91
director: Proprietary Limited ("Emerald Panther") and an
alternate director of Evander Gold Mines Limited
("Evander"), both major subsidiaries of the
Company
Name of associate of NA Reynolds Family Trust ("Trust") of which NA
director: Reynolds is a trustee and beneficiary
Date of transaction: 28 February 2013
Nature of transaction: Purchase of shares by the Trust
Number of shares: 10,000
Price per ordinary share: ZAR2.14
Value of transaction: ZAR21,400
Class of shares: Ordinary Shares
Interest of director: Indirect beneficial
Clearance obtained: Yes
On-market or off-market: On-market
Name of director: C Strydom * (General Manager of Barberton Mines
(Proprietary) Limited ("Barberton Mines")
Company of which he is a Barberton Mines, a major subsidiary of the
director: Company
Name of associate of A Strydom (C Strydom's wife)
director:
Date of transaction: 28 February 2013
Nature of transaction: Purchase of shares by A Strydom
Number of shares: 48,000
Price per ordinary share: ZAR2.04
Value of transaction: ZAR97,920
Class of shares: Ordinary Shares
Interest of director: Non-beneficial
On-market or off-market: On-market
* For the avoidance of doubt, it should be noted that certain of the above
named individuals are not directors of Pan African, but are directors of major
subsidiaries of the Company.
Johannesburg
1 March 2013
JSE Sponsor
One Capital
PAN AFRICAN ENQUIRIES UK
South Africa
Pan African Resources Canaccord Genuity Limited - Nomad and
Joint Broker
Mr Cobus Loots
Andrew Chubb / Peter Stewart / Sebastian
Director Jones / Joe Weaving
+27 (0) 11 305 8900 +44 (0) 20 7523 8350
Mr Ron Holding
Chief Operating Officer
+27 (0) 11 243 2900
One Capital finnCap Limited - Joint Broker
Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving
+27 (0) 11 550 5000 +44 (0) 20 7220 0500
Vestor Investor Relations St James's Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015 +44 (0) 20 7499 3916
+27 83 504 1186
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at
www.panafricanresources.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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