REG-Pan African Resources Plc: Intention to move from AIM to London Main Market

Pan African ResourcesAnnouncement

23/09/2025 14:30

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’)

 

INTENTION TO MOVE FROM AIM TO LONDON MAIN MARKET

Pan African is pleased to announce an update in relation to the proposed
application for the Company’s ordinary shares (‘Ordinary Shares’) to be
admitted to the Equity Shares (Commercial Companies) (‘ESCC’) category of
the Official List maintained by the Financial Conduct Authority (‘FCA’)
(‘Official List’) and to trading on London Stock Exchange plc’s
(‘London Stock Exchange’) main market for listed securities (‘Main
Market’) (together, ‘Admission’).

Admission remains subject to the approval by the FCA of a prospectus prepared
by the Company and the Ordinary Shares being admitted by the FCA to the ESCC
segment of the Official List, and by the London Stock Exchange to trading on
the Main Market. Subject to the satisfaction of these conditions, and further
to the announcement made on 8 September 2025, the Company expects that
Admission will take place and the Ordinary Shares will be cancelled from
trading on AIM in late October, but will not occur before 22 October 2025
(‘Cancellation’). Under the AIM Rules for Companies (‘AIM Rules’), the
Cancellation can only take place after the expiry of a period of 20 business
days from the date on which the notice of Cancellation is given.
 Accordingly, the Company hereby gives notice of the intended cancellation of
trading of its Ordinary Shares on AIM in accordance with Rule 41 of the AIM
Rules.

Admission is not conditional upon shareholder approval. Pan African
shareholders should consult their own professional advisors regarding the
consequences of Admission on their personal tax position.

Peel Hunt LLP and Joh. Berenberg, Gossler & Co. KG are acting as joint
sponsors exclusively to the Company and no one else in connection with
Admission.

For the avoidance of doubt, the Admission will have no impact on the
Company’s listing on the JSE. Accordingly, following Admission, the Company
will be dual primary listed on the Main Market and the main board of the JSE.

Rosebank

23 September 2025

 

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

www.panafricanresources.com

 

 Corporate information                                                                                                                                                                                                                                                                                              
 Corporate Office The Firs Building 2nd Floor, Office 204 Corner Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za  Registered Office 107 Cheapside, 2 nd Floor London, EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706  jane.kirton@corpserv.co.uk  
 Chief Executive Officer  Cobus Loots  Office: + 27 (0)11 243 2900                                                                                                            Financial Director and debt officer Marileen Kok Office: + 27 (0)11 243 2900                                                          
 Head: Investor Relations Hethen Hira                                                                                                                                         Website: www.panafricanresources.com                                                                                                  
  Tel: + 27 (0)11 243 2900                                                                                                                                                                                                                                                                                          
  E-mail: hhira@paf.co.za                                                                                                                                                                                                                                                                                           
 Company Secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 3869 0706                                                                             Joint Sponsor, Nominated Adviser and Joint Broker Ross Allister/Georgia Langoulant Peel Hunt LLP Office: +44 (0)20 7418 8900          
 JSE Sponsor & JSE Debt Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 63 482 3802                                                    Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0)20 7236 1010                                         
                                                                                                                                                                              Joint Sponsor and Joint Broker Matthew Armitt/Jennifer Lee/Dan Gee-Summons Berenberg Office: +44 (0)20 3207 7800                      

 

Important Notice

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.
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. 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).

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 or Berenberg or any other advisers to the Company or by
any of their respective 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.



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