Business
Issue of Equity
Issue of Equity.
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 with\n\n 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\" or the \"Company\") \n\n ISSUE OF SHARES: EXERCISE OF OPTIONS \n\nPan African announces that the following issue of Pan African ordinary shares\nof 1p each (\"Shares\") has been made following the exercise of share options\ngranted in 2010 under the Company's share option plan:\n\n * 850,000 Shares at a price of R0.68 per Share, for a total consideration of\n R578,000 (collectively, the \"Issue\").\n \nApplication will be made to the AIM market of the London Stock Exchange (\"AIM\")\nand to the Main Board of JSE Limited (\"JSE\") for 850,000 Shares to be admitted\nto trading on AIM and for listing on the JSE, with admission to trading and\nlisting on both markets expected to occur on 6 June 2014.\n\nFollowing the Issue the total issued share capital of the Company comprises\n1,829,994,763 Shares.\n\n2 June 2014\n\nSponsor\nOne Capital\n\nPAN AFRICAN ENQUIRIES UK \n \nSouth Africa \n \nPan African Resources Canaccord Genuity Limited \nMr Ron Holding Nomad and Joint Broker \nChief Executive Officer Neil Elliot / Peter Stewart / Joe Weaving \n+27 (0) 11 243 2900 +44 (0) 20 7523 8350 \n \nVestor Investor Relations finnCap Limited \nLouise Brugman Joint Broker \n+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving \n+27 83 504 1186 +44 (0) 20 7220 0500 \n \nOne Capital St James's Corporate Services Limited \nKathy Saunders Phil Dexter \n+27 (0) 11 550 5010 +44 (0) 20 7796 8647 \n \n Gable Communications \n Justine James \n +44 (0) 20 7193 7463 / +44 (0) 7525 324431\n\nFor further information on Pan African, please visit the website at\nwww.panafricanresources.com\n ","length":3205,"tagName":"div"}]