Business
Director/PDMR Shareholding and Additional Listing
Director/PDMR Shareholding and Additional Listing.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n14 October 2010\n\n Pan African Resources PLC \n\n (`Pan African' or the `Company') \n\nIncorporated and registered in England and Wales under Companies Act 1985 with \n\n registered number 3937466 on 25 February 2000 \n\n AIM: PAF/JSE: PAN \n\n ISIN: GB0004300496 \n\n Director's Dealings \n\nPan African announces that on 6 October 2010, Mr Jan Nelson, the Company's\nChief Executive Officer, was issued with 6,000,000 ordinary shares of 1p each\n(\"Shares\") at a price of 2p per share, for a total consideration of GBP120,000,\nfollowing the exercise of share options (\"Exercise\").\n\n\nApplication will be made today, 14 October 2010, to the AIM market of the\nLondon Stock Exchange (\"AIM\") and to the Main Board of JSE Limited (\"JSE\") for\n6,000,000 shares to be admitted to trading on AIM and for listing on the JSE,\nwith Admission to trading and listing on both markets expected to occur on 20\nOctober 2010.\n\n\nTo assist with the payment of tax arising on the disposal and the cost of\nexercise, Mr Nelson on 12 October 2010 sold 2,500,000 Pan African shares on\nmarket at an average price of 8.75p per share for a total consideration of\nGBP218,750 (\"Disposal\").\n\nThe Exercise and Disposal was made under clearance given by a special\nresolution of the board of directors.\n\nFollowing the Exercise and Sale, Mr Nelson holds 3,622,442 shares in the\nCompany, representing 0.26% of the total issued share capital of 1,419,540,711\nshares.\n\nEnquiries\n\nSouth Africa UK \n \nPan African RBC Capital Markets \n \nJan Nelson, Chief Executive Officer Martin Eales / Brett Jacobs \n \n+27 (0) 11 243 2900 +44 (0) 20 7653 4000 \n \nMacquarie First South Advisers (Pty) St James's Corporate Services Limited \nLtd \n Phil Dexter \nMelanie de Nysschen / Yvette \nLabuschagne +44 (0) 20 7499 3916 \n \n+27 (0) 11 583 2000 \n \n Hansard Communications \n \n Justine James \n \n +44 (0) 20 7245 1100 / +44 (0) 7525 \n 324431\n ","length":3432,"tagName":"div"}]