Pan African Resources PLC Salient Dividend Dates

 
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" or the "Company" or the "Group") 
 
                            SALIENT DIVIDEND DATES 
 
Shareholders are referred to the Group's results that were released on 21 
September 2016, wherein an exchange rate of South African Rand ("ZAR") to the 
British Pound ("GBP"), ZAR/GBP: 18.7500 was used for illustrative purposes to 
convert the proposed ZAR dividend of ZAR0.15438 per share into GBP. 
 
Shareholders are advised that, should the proposed dividend be approved at the 
Annual General Meeting of the Company scheduled for Friday, 25 November 2016, 
the exchange rate for conversion of the ZAR dividend into GBP will be a fixed 
exchange rate of ZAR/GBP: 17.5787. 
 
Assuming the final dividend is approved by shareholders, the following salient 
dates would apply: 
 
                                       2016 
 
Currency conversion date               11 October, Wednesday 
 
Last date to trade on the exchanges    06 December, Tuesday 
 
Ex-Dividend date on the JSE            07 December, Wednesday 
 
Ex-Dividend date on the LSE            08 December, Thursday 
 
Record date                            09 December, Friday 
 
Payment date                           22 December, Thursday 
 
 1. No transfers between the Johannesburg and London registers between the 
    commencement of trading on Monday, 5 December 2016 and close of business on 
    Friday, 9 December 2016 will be permitted. 
 2. No shares may be dematerialised or rematerialised between Wednesday, 7 
    December 2016 and Friday, 9 December 2016, both days inclusive. 
 
The proposed final dividend was calculated on 1,943,206,554 shares in issue and 
an exchange rate of ZAR/GBP: 17.5787, which translates to a final dividend of 
0.87822 pence per share, which is a 6.7% increment on the illustrative dividend 
per share of 0.82338 pence per share referred to in the Group's results 
announcement. 
 
The South African dividends tax rate is fifteen percent per ordinary share and 
therefore shareholders who are liable to pay the dividends tax will receive a 
net dividend of ZAR0.13122 cents per share (0.74649 pence per share). Foreign 
investors may qualify for a lower dividend tax rate, subject to completing a 
dividend tax declaration and submitting it to Computershare Limited or Capita 
Plc who manage the SA and UK register, respectively. The Company's South 
African income tax reference number is 9154588173. 
 
Johannesburg 
 
13 October 2016 
 
CONTACT INFORMATION 
 
Corporate Office 
The Firs Office Building 
1st Floor, Office 101 
Cnr. Cradock and Biermann Avenues 
Rosebank, Johannesburg 
South Africa 
 
Office:   + 27 (0) 11 243 2900 
Facsimile: + 27 (0) 11 880 1240 
 
Registered Office 
 
Suite 31 
Second Floor 
107 Cheapside 
London 
EC2V 6DN 
United Kingdom 
 
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 and Joint Broker 
 
Office: + 44 (0) 207 796 8644          Office: [phone] 
 
 
 
Sholto Simpson                          Matthew Armitt / Ross Allister 
 
One Capital                             Peel Hunt LLP 
 
JSE Sponsor                             Joint Broker 
 
Office: + 27 (0) 11 550 5009            Office: [phone] 
 
 
 
Julian Gwillim                         Daniel Thöle 
 
Aprio Strategic Communications         Bell Pottinger PR 
 
Public & Investor Relations SA         Public & Investor Relations UK 
 
Office: [phone]             Office: + 44 (0) 203 772 2500 
 
Jeffrey Couch/Neil Haycock/Thomas Rider 
BMO Capital Markets Limited 
Joint Broker 
 
Office: [phone] 
http://www.panafricanresources.com/ 
 
 
 
END 
 

(END) Dow Jones Newswires

October 13, 2016 05:00 ET (09:00 GMT)