Business
Director/PDMR Shareholding/Issue of Equity
Director/PDMR Shareholding/Issue of Equity.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \nPan African Resources PLC\n\n(Incorporated and registered in England and Wales under Companies Act 1985 with\nregistered number 3937466 on 25 February 2000)\n\nAIM Code: PAF\n\nJSE Code: PAN\n\nISIN: GB0004300496\n\n(\"Pan African\" or \"the Company\")\n\nDEALING IN SECURITIES\n\nThe Company was notified on 24 May 2013 of the following dealing in respect of\nthe Company's ordinary shares of 1 pence each (\"Shares\"):\n\nName of individual: KC Spencer\n\nCompany of which he is a director: Pan African Resources PLC\n\nNature of transaction: Exercise of options granted in 2008 in terms of the\nCompany's share option plan\n\nDate of transaction: 24 May 2013\n\nNumber of shares: 1,500,000\n\nPrice per ordinary share: ZAR0.83 (\"Strike Price\")\n\nValue of transaction: ZAR1,245,000\n\nClass of shares: Shares\n\nInterest of director: Indirect beneficial\n\nClearance obtained: Yes\n\nOn-market or off-market: Off-market\n\nFurther to this exercise of options by Mr Spencer, the Company has issued\n1,500,000 Shares at the Strike Price for a total consideration of ZAR1,245,000\nto Mr Spencer's family trust - Strode Trust. Following this issue of Shares,\nthe total issued share capital of the Company comprises 1,822,834,263 Shares.\n\nMr Spencer's total indirect beneficial interest in Pan African after the\nexercise of options is 1,500,000 Shares, representing 0.08% of the issued share\ncapital of the Company.\n\nApplication will be made to the AIM market of the London Stock Exchange (\"AIM\")\nand to the exchange operated by JSE Limited (\"JSE\") for 1,500,000 Shares to be\nadmitted to trading on AIM and for listing on the JSE, with admission to\ntrading and listing on both markets expected to occur on 31 May 2013.\n\nJohannesburg\n\n24 May 2013\n\nJSE Sponsor \n \nOne Capital \n\nPAN AFRICAN ENQUIRIES UK \n \nSouth Africa \n \nPan African Resources Canaccord Genuity Limited - Nomad and \n Joint Broker \nMr Cobus Loots \n Andrew Chubb / Peter Stewart / Joe Weaving\nNon-executive director and Joint \nInterim Chief Executive Officer +44 (0) 20 7523 8350 \n \n+27 (0) 11 305 8900 \n \nMr Ron Holding \n \nChief Operating Officer and Joint \nInterim Chief Executive Officer \n \n+27 (0) 11 243 2900 \n \nOne Capital finnCap Limited - Joint Broker \n \nSholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving \n \n+27 (0) 11 550 5000 +44 ...