Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
("Pan African" or the "Company")
ISSUE OF SHARES: EXERCISE OF OPTIONS
Pan African announces that the following issue of Pan African ordinary shares
of 1p each ("Shares") has been made following the exercise of share options
granted in 2010 under the Company's share option plan:
* 850,000 Shares at a price of R0.68 per Share, for a total consideration of
R578,000 (collectively, the "Issue").
Application will be made to the AIM market of the London Stock Exchange ("AIM")
and to the Main Board of JSE Limited ("JSE") for 850,000 Shares to be admitted
to trading on AIM and for listing on the JSE, with admission to trading and
listing on both markets expected to occur on 6 June 2014.
Following the Issue the total issued share capital of the Company comprises
1,829,994,763 Shares.
2 June 2014
Sponsor
One Capital
PAN AFRICAN ENQUIRIES UK
South Africa
Pan African Resources Canaccord Genuity Limited
Mr Ron Holding Nomad and Joint Broker
Chief Executive Officer Neil Elliot / Peter Stewart / Joe Weaving
+27 (0) 11 243 2900 +44 (0) 20 7523 8350
Vestor Investor Relations finnCap Limited
Louise Brugman Joint Broker
+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving
+27 83 504 1186 +44 (0) 20 7220 0500
One Capital St James's Corporate Services Limited
Kathy Saunders Phil Dexter
+27 (0) 11 550 5010 +44 (0) 20 7796 8647
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at
www.panafricanresources.com