Fulfilment of all Conditions Precent - Phoenix ...

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 registered number 3937466 on 25 February 2000)\n\nAIM Code: PAF\n\nJSE Code: PAN\n\nISIN: GB0004300496\n\n(“Pan African”)\n\nFULFILMENT OF ALL CONDITIONS PRECEDENT TO THE SALE OF PHOENIX PLATINUM MINING PROPRIETARY LIMITED (“PHOENIX PLATINUM”)\n\nFurther to the announcement published on 31 July 2017, Pan African is pleased to announce that all conditions precedent to the disposal of 100% of the shares and loan accounts in Phoenix Platinum to Sylvania Platinum Limited (“Transaction”) have now been fulfilled.\n\nThis follows, amongst other conditions, the approval of the Transaction by the South African Competition Authorities in accordance with the Competition Act, No. 89 of 1998.\n\nThe effective date of the Transaction is 6 November 2017, following the cash settlement of the Transaction consideration of R89 million or approximately US$6.3 million.\n\nBy order of the Board\n\nJohannesburg\n\n7 November 2017\n\n\n\nContact information\n\n\n\nCorporate OfficeThe Firs Office Building1st Floor, Office 101Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsimile: + 27 (0) 11 880 1240 \nRegistered OfficeSuite 31Second Floor107 CheapsideLondonEC2V 6DNUnited KingdomOffice: + 44 (0) 207 796 8644Facsimile: + 44 (0) 207 796 8645\n\n\n\nCobus Loots  Pan African Resources PLCChief Executive Officer Office: + 27 (0) 11 243 2900\nDeon LouwPan African Resources PLCFinancial DirectorOffice: + 27 (0) 11 243 2900\n\n\n\nPhil DexterSt James's Corporate Services LimitedCompany SecretaryOffice: + 44 (0) 207 796 8644\nJohn Prior / Paul GillamNumis Securities LimitedNominated Adviser, Joint BrokerOffice: +44 (0) 20 7260 1000\n\n\n\nSholto SimpsonOne CapitalJSE SponsorOffice: + 27 (0) 11 550 5009\nRoss Allister / Chris BurrowsPeel Hunt LLPJoint BrokerOffice: +44 (0) 207 418 8900\n\n\n\nJeffrey Couch/Neil Haycock/Thomas RiderBMO Capital Markets LimitedJoint BrokerOffice: +44 (0) 207 236 1010\nBobby Morse/Chris JuddBuchanan CommunicationsPublic & Investor Relations UKOffice: + 44 (0) 207 466 5000\n\n\n\nJulian GwillimAprio Strategic CommunicationsPublic & Investor Relations SAOffice: +27 (0)11 880 0037  www.panafricanresources.com\n\n\n\n\n ","leng...

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