REG-Pan African Resources PLC: Result of AGM <Origin Href="QuoteRef">PAFR.L</Origin> <Origin Href="QuoteRef">PANJ.J</Origin>

Pan African ResourcesAnnouncement

30/11/2015 07:10

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")                        

                       RESULTS OF ANNUAL GENERAL MEETING                       

Pan African shareholders are advised that at the annual general meeting ("AGM")
of shareholders held on Friday, 27 November 2015, all the ordinary and special
resolutions, as set out in the notice of AGM dated 30 October 2015, were
approved by the requisite majority of shareholders present or represented by
proxy.

The total number of Pan African shares eligible to vote at the AGM is
1,831,494,763. The highest number of shares voted in person or by proxy was 
1,360,548,519 representing 74.29% of the total issued share capital of the same
class of Pan African.

All resolutions proposed at the AGM, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against each
resolution, are as follows:

Resolution number 1 (Ordinary resolution): To receive and adopt the directors'
report, the audited statement of accounts and the auditors' report for the year
ended 30 June 2015

Shares Voted        Abstained           For                 Against            
1,360,417,888       5,516               100%                0.00%              
(74.28%)            (0.00%)                                                    

Resolution number 2 (Ordinary resolution): To approve the payment of a final
dividend for the year ended 30 June 2015

Shares Voted        Abstained           For                 Against            
1,360,548,519       4,885               100%                0.00%              
(74.29%)            (0.00%)                                                    

Resolution number 3 (Ordinary resolution): To re-elect Mrs H H Hickey as a
member of the audit committee

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              99.99%              0.01%              
(74.28%)            (0.00%)                                                    


 

Resolution number 4 (Ordinary resolution): To re-elect Mr K C Spencer as a
member of the audit committee

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              89.02%              10.98%             
(74.28%)            (0.00%)                                                    

Resolution number 5 (Ordinary resolution): To re-elect Mr T Mosololi as a
member of the audit committee

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              99.99%              0.01%              
(74.28%)            (0.00%)                                                    

Resolution number 6 (Ordinary resolution): To endorse the Company's
Remuneration Policy

Shares Voted        Abstained           For                 Against            
1,360,509,162       44,242              88.41%              11.59%             
(74.28%)            (0.00%)                                                    

Resolution number 7 (Ordinary resolution): To re-elect Mr K C Spencer as a
director of the Company

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              94.16%              5.84%              
(74.28%)            (0.00%)                                                    

Resolution number 8 (Ordinary resolution): To re-elect Mr J A J Loots as a
director of the Company

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              100%                0.00%              
(74.28%)            (0.00%)                                                    

Resolution number 9 (Ordinary resolution): To re-elect Mr G P Louw as a
director of the Company

Shares Voted        Abstained           For                 Against            
1,360,513,133       40,271              73.77%              26.23%             
(74.28%)            (0.00%)                                                    

Resolution number 10 (Ordinary resolution): To re-appoint Deloitte LLP as
auditors of the Company and to authorise the directors to determine their
remuneration

Shares Voted        Abstained           For                 Against            
1,360,524,793       28,611              100%                0.00%              
(74.28%)            (0.00%)                                                    

Resolution number 11 (Ordinary resolution): To authorise the directors to allot
equity securities

Shares Voted        Abstained           For                 Against            
1,360,468,078       85,326              63.67%              36.33%             
(74.28%)            (0.00%)                                                    

Resolution number 12 (Special resolution): To approve market purchases of
ordinary shares

Shares Voted        Abstained           For                 Against            
1,360,548,519       4,885               99.95%              0.05%              
(74.29%)            (0.00%)                                                    

Notes

  * Percentages of shares voted are calculated in relation to the total issued
    share capital of Pan African eligible to vote
  * Percentage of shares for and against  are calculated in relation to the
    total number of shares voted at the AGM
  * Abstentions are calculated as a percentage in relation to the total issued
    share capital of Pan African eligible to vote

30 November 2015

Pan African Resources Enquiries

  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 / James Black      
                                                                             
  St James's Corporate Services  Numis Securities Limited                    
Limited                                                                      
                                                                             
  Company Secretary              Nominated Adviser  and Joint Broker         
                                                                             
  Office: + 44 (0)207 796 8644   Office: +44 (0)207 260 1000                 
                                                                             
  Matthew Armitt / Ross Allister Sholto Simpson                              
                                                                             
  Peel Hunt LLP                  One Capital                                 
                                                                             
  Joint Broker                   JSE Sponsor                                 
                                                                             
  Office: +44 (0)020 7418 8900   Office: + 27 (0) 11 550 5009                
                                                                             
  Julian Gwillim                 Daniel Thöle                                
                                                                             
  Aprio Strategic Communications Bell Pottinger PR                           
                                                                             
  Public & Investor Relations SA Public & Investor Relations UK              
                                                                             
  Office: +27 (0)11 880 0037     Office: + 44 (0) 203 772 2500               

http://www.panafricanresources.com/



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