Wrap Text
Admission to trading on the Main Market
THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN
PAN AFRICAN RESOURCES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD
BE UNLAWFUL.
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")
ADMISSION TO TRADING ON THE MAIN MARKET
Further to the announcement on 21 October, Pan African is pleased to announce that the Company's ordinary
shares ("Ordinary Shares") are expected to be admitted to the ESCC category of the Official List maintained
by the Financial Conduct Authority ("FCA") and to trading on London Stock Exchange plc's ("LSE") main market
for listed securities (together, "Admission") at 8:00am today and simultaneously cancelled from trading on
AIM, a market operated by the LSE.
The Company is not offering any new Ordinary Shares nor any other securities in connection with the
proposed Admission. Following Admission, the Ordinary Shares will continue to be registered with their
existing ISIN of GB0004300496 and the Company's ticker symbol will continue to be PAF.
At Admission, the Company will have 2,333,671,528 Ordinary Shares of £0.01 each in issue, all of which were
fully paid or credited as fully paid and each of which carries the right to one vote. The total voting rights in
the Company are therefore 2,333,671,528. This figure may be used by shareholders as the denominator for
the calculations by which they will determine if 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. For the purposes
of calculating Earnings per share and Headline earnings per share only, the number of shares outstanding will
be treated as 2,027,313,470, which excludes the 306,358,058 Ordinary Shares held by PAR Gold given these
shares are treated as treasury shares for accounting purposes.
Pan African shareholders should consult their own professional advisors regarding the consequences of
Admission on their personal tax position.
Rosebank
24 October 2025
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 2900 Office: + 27 (0)11 243 2900
Head: Investor Relations Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Company Secretary Joint Sponsor, Nominated Adviser and Joint
Jane Kirton Broker
St James's Corporate Services Limited Ross Allister/Georgia Langoulant
Office: + 44 (0)20 3869 0706 Peel Hunt LLP
Office: +44 (0)20 7418 8900
JSE Sponsor & JSE Debt Sponsor Joint Broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
Office: + 27 (0) 63 482 3802 Office: +44 (0)20 7236 1010
Joint Sponsor and Joint Broker
Matthew Armitt/Jennifer Lee/Dan Gee-Summons
Joh. Berenberg, Gossler & Co KG (Berenberg)
Office: +44 (0)20 3207 7800
Important Notice
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's
website is incorporated in, or forms part of, this announcement.
This announcement contains statements that are, or may be deemed to be, "forward-looking statements".
These forward-looking statements can be identified by the use of words such as "will", "expect", "could",
"believe", "intend", "should" and words of similar meaning. All statements other than statements of historical
facts included in this announcement, including those regarding the Company's strategy, plans and objectives
and the anticipated Admission are forward-looking statements. These statements are not fact and readers
are cautioned not to place undue reliance on such statements. Forward-looking statements involve a number
of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and
generally beyond the control of Pan African and so may not occur. These forward-looking statements speak
only as of the date of this announcement. Pan African expressly disclaims any obligation or undertaking to
update or revise any forward-looking statement (except to the extent legally required).
You are advised to read the Prospectus in its entirety, and, in particular, the section of the Prospectus headed
"Risk Factors", for a further discussion of the factors that could affect the Company's future performance and
the industry in which it operates.
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting
exclusively for the Company as Joint Sponsor and no one else in connection with Admission and it will not
regard any other person as a client in relation to Admission and will not be responsible to anyone other than
the Company for providing the protections afforded to its clients or for providing advice in relation to
Admission or any other transaction, matter, or arrangement referred to in this announcement.
Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg"), which is authorised and regulated by the
German Federal Financial Supervisory Authority and in the United Kingdom is subject to limited regulation by
the FCA, is acting exclusively for the Company as Joint Sponsor and no one else in connection with Admission
and it will not regard any other person as a client in relation to Admission and will not be responsible to
anyone other than the Company for providing the protections afforded to its clients or for providing advice
in relation to Admission or any other transaction, matter, or arrangement referred to in this announcement.
This announcement has been issued by, and is the sole responsibility of, the Company. No representation or
warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or
will be accepted by Peel Hunt, Berenberg or by any of their affiliates, partners, directors, officers, employees,
advisers or agents as to or in relation to, the accuracy or completeness of this announcement or any other
written or oral information made available to or publicly available to any interested party or its advisers, and
any liability therefore is expressly disclaimed.
Date: 24-10-2025 08:00:00
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