TIDMPAF 
 
Pan African Resources PLC 
 
(Incorporated and registered in England and Wales under Companies Act 1985 with 
                registered number 3937466 on 25 February 2000) 
 
                                 AIM Code: PAF 
 
                                 JSE Code: PAN 
 
                              ISIN: GB0004300496 
 
                                ("Pan African") 
 
FULFILMENT OF ALL CONDITIONS PRECEDENT TO THE SALE OF PHOENIX PLATINUM MINING 
PROPRIETARY LIMITED ("PHOENIX PLATINUM") 
 
Further 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. 
 
This 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. 
 
The 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. 
 
By order of the Board 
 
Johannesburg 
 
7 November 2017 
 
 
Contact information 
 
Corporate Office                        Registered Office 
The Firs Office Building                Suite 31 
1st Floor, Office 101                   Second Floor 
Cnr. Cradock and Biermann Avenues       107 Cheapside 
Rosebank, Johannesburg                  London 
South Africa                            EC2V 6DN 
Office: + 27 (0) 11 243 2900            United Kingdom 
Facsimile: + 27 (0) 11 880 1240         Office: + 44 (0) 207 796 8644 
                                        Facsimile: + 44 (0) 207 796 8645 
 
Cobus Loots                             Deon Louw 
Pan African Resources PLC               Pan African Resources PLC 
Chief Executive Officer                 Financial Director 
Office: + 27 (0) 11 243 2900            Office: + 27 (0) 11 243 2900 
 
 
Phil Dexter                             John Prior / Paul Gillam 
St James's Corporate Services Limited   Numis Securities Limited 
Company Secretary                       Nominated Adviser, Joint Broker 
Office: + 44 (0) 207 796 8644           Office: +44 (0) 20 7260 1000 
 
 
Sholto Simpson                          Ross Allister / Chris Burrows 
One Capital                             Peel Hunt LLP 
JSE Sponsor                             Joint Broker 
Office: + 27 (0) 11 550 5009            Office: +44 (0) 207 418 8900 
 
 
Jeffrey Couch/Neil Haycock/Thomas Rider Bobby Morse/Chris Judd 
BMO Capital Markets Limited             Buchanan Communications 
Joint Broker                            Public & Investor Relations UK 
Office: +44 (0) 207 236 1010            Office: + 44 (0) 207 466 5000 
 
 
Julian Gwillim 
Aprio Strategic Communications 
Public & Investor Relations SA 
Office: +27 (0)11 880 0037 
 
 
www.panafricanresources.com 
 
 
 
END

(END) Dow Jones Newswires

November 07, 2017 02:00 ET (07:00 GMT)

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