Business
Further re aquisition of Phoenix Platinum
Further re aquisition of Phoenix Platinum.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n Pan African Resources plc \n\n (Incorporated and registered in England and Wales under Companies Act 1985 \n\n with registered number 3937466 on 25 February 2000) \n\n Share code on AIM: PAF \n\n Share code on JSE: PAN \n\n ISIN: GB0004300496 \n\n (\"Pan African\") \n\n ANNOUNCEMENT \n\nShareholders are referred to the announcement dated 21 May 2009 regarding the\nacquisition by Pan African of 100% of Phoenix Platinum (Proprietary) Limited\nfrom Metorex Limited (\"Metorex\") for a cash consideration of ZAR 71,250,000\n(\"the Transaction Consideration\").\n\nShareholders are referred to the payment terms of the Transaction\nConsideration, as set out in the above announcement, and are advised that Pan\nAfrican is pleased to announce that the outstanding balance of ZAR 12,089,536\nof the Transaction Consideration will be paid to Metorex on 30 September 2009.\n\nJohannesburg\n\n30 September 2009\n\nJSE Sponsor and Corporate Advisor\n\nBarnard Jacobs Mellet Corporate Finance (Proprietary) Limited\n\nFor further information on Pan African Resources plc, please visit the website\nat www.panafricanresources.com\n\nEnquiries:\n\nPan African Resources\n\nJan Nelson, CEO\n\n+27 (0) 11 243 2900\n\nNicole Spruijt, Public Relations\n\n+27 (0) 11 243 2900\n\nRBC Capital Markets\n\nMartin Eales\n\n+44 (0) 20 7029 7881\n\nBarnard Jacobs Mellet Corporate Finance (Proprietary) Limited\n\nNatalie Di-Sante\n\n+27 (0) 11 750 0207\n\nSholto Simpson\n\n+27 (0) 11 750 0213\n\nSt James's Corporate Services Limited\n\nPhil Dexter\n\n+44 (0) 20 7499 3916\n\nFD Beachhead Media & Investor Relations\n\nJennifer Cohen\n\n+27 (0) 11 214 2401\n\nLouise Brugman\n\n+27 (0) 11 214 2415\n\n+27 (0) 83 504 1186\n ","length":2014,"tagName":"div"}]