REG-Pan African Resources PLC: Salient Dividend Dates <Origin Href="QuoteRef">PAFR.L</Origin>

Pan African ResourcesAnnouncement

13/10/2016 10:05

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: +44 (0) 20 7260 1000        

   

 Sholto Simpson                Matthew Armitt / Ross Allister  
 One Capital                   Peel Hunt LLP                   
 JSE Sponsor                   Joint Broker                    
 Office: + 27 (0) 11 550 5009  Office: +44 (0) 207 418 8900    

   

 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   

Jeffrey Couch/Neil Haycock/Thomas Rider
BMO Capital Markets Limited
Joint Broker

Office: +44 (0) 207 236 1010
http://www.panafricanresources.com/



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