PAN AFRICAN RESOURCES PLC - Pan African Resources PLC Transaction in own Shares

Pan African Resources PLC Transaction in own Shares

Pan African Resources PLC                               Pan African Resources Funding Company
(Incorporated and registered in England and Wales       Limited
under Companies Act 1985 with registered                Incorporated in the Republic of South Africa
number 3937466 on 25 February 2000)                     with limited liability
Share code on AIM: PAF                                  Registration number: 2012/021237/06
Share code on JSE: PAN                                  Alpha code: PARI
ISIN: GB0004300496
ADR code: PAFRY
('Pan African' or 'the Company' or 'the Group')

PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES

Pan African, the South African gold producer, announces that on 1 July 2025, in accordance with the
terms of its share buyback programme announced on 30 June 2025 (the 'Programme') it purchased
the following number of ordinary shares of £0.01 each in the Company ('Ordinary Shares' or 'Shares')
through Peel Hunt LLP ('Peel Hunt'). The Shares purchased will be cancelled and delisted from the AIM
market of the London Stock Exchange ('LSE') and the Johannesburg Stock Exchange ('JSE').

 Date of purchases                                                                      1 July 2025

 Aggregate number of Ordinary Shares purchased                                              420,317

 LSE on-market purchases
 Number of Ordinary Shares purchased on LSE (on-market)                                     420,317
 Lowest price paid per Share (pence per share):                                               46.75
 Highest price paid per Share (pence per share):                                              47.00
 Volume weighted average price paid per Share (pence per share):                              46.89

Included in the above are 20,317 Ordinary Shares which Peel Hunt, acting as principal, acquired
through the JSE Order book and sold to the Company on-market through the LSE.

Following the purchases and pursuant to the cancellation thereof, the Company will have
2,335,254,946 Ordinary Shares of £0.01 each in issue, of which 306,358,058 Ordinary Shares are held
in treasury.

The above figure of 2,335,254,946 may be used by shareholders as the denominator for calculating
whether they are required to notify their interest in, or a change to their interest in, the Company
under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, the tables below contain detailed
information of the individual trades made by Peel Hunt as part of the Programme.

Individual transactions on LSE:

      Number of Shares            Transaction price   Time of transaction            Execution venue
             purchased             (pence per share)
                20,317                        46.86                 15:09                         LSE
                75,000                        46.90                 15:16                         LSE
               175,000                        47.00                 15:16                         LSE
               150,000                        46.75                 15:54                         LSE

                                                                                                     
The information contained in this update is the responsibility of the Pan African board of directors and
has not been reviewed or reported on by the Group's external auditors.

Rosebank

2 July 2025

For further information on Pan African, please visit the Company's website at

www.panafricanresources.com



 Corporate information

 Corporate Office                                    Registered Office

 The Firs Building                                   107 Cheapside, 2nd Floor

 2nd Floor, Office 204                               London, EC2V 6DN

 Corner Cradock and Biermann Avenues                 United Kingdom

 Rosebank, Johannesburg                              Office: + 44 (0)20 3869 0706

 South Africa                                         jane.kirton@corpserv.co.uk

 Office: + 27 (0)11 243 2900

 info@paf.co.za

 
 Chief Executive Officer                             Financial Director and debt officer

 Cobus Loots                                         Marileen Kok

 Office: + 27 (0)11 243                              Office: + 27 (0)11 243 2900
 2900

 Head: Investor Relations                            Website: www.panafricanresources.com

 Hethen Hira
 Tel: + 27 (0)11 243 2900
 E-mail: hhira@paf.co.za

 Company Secretary                                   Nominated Adviser and Joint Broker

 Jane Kirton                                         Ross Allister/Georgia Langoulant

 St James's Corporate Services Limited               Peel Hunt LLP

 Office: + 44 (0)20 3869 0706                        Office: +44 (0)20 7418 8900

 JSE Sponsor & JSE Debt Sponsor                      Joint Broker

 Ciska Kloppers                                      Thomas Rider/Nick Macann
  
 Questco Corporate Advisory Proprietary              BMO Capital Markets Limited

 Limited
                                                                                                      
 Office: + 27 (0) 63 482 3802                        Office: +44 (0)20 7236 1010


                                                    Joint Broker

                                                    Matthew Armitt/Jennifer Lee

                                                    Joh. Berenberg, Gossler & Co KG (Berenberg)

                                                    Office: +44 (0)20 3207 7800




                                                                                       

Date: 02-07-2025 09:00:00
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