REG-Pan African Resources Plc: Issue of New Ordinary Shares, AIM application and Total Voting Rights

Pan African ResourcesAnnouncement

09/12/2024 08:00

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")

 

Issue of New Ordinary Shares, AIM application and Total Voting Rights

Pursuant to the announcement on 5 November 2024 and following the shareholder
approvals at the AGM on 21 November 2024, the Company shall issue 112,813,217
New Ordinary Shares to the Sellers of TCMG, equivalent to a price per New
Ordinary Share of pence, being the 30 day volume weighted average price as at
6 December 2024.

Application has been made to the London Stock Exchange and the JSE Limited for
admission to trading on AIM and the JSE Main Board for the aggregate
112,813,217 new Ordinary Shares detailed above ("Admission"), and Admission is
expected to become effective and trading will commence in the New Ordinary
Shares  on or around 10 December 2024. The new Ordinary Shares will be issued
free of all liens, charges and encumbrances and will, on Admission, rank pari
passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the Company's issued share capital will comprise of
2,335,675,263 Ordinary Shares, of which 306,358,058 are held in treasury.
Accordingly, the figure of 2,335,675,263 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
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules. The number of shares outstanding for purposes of
calculating Earnings per share and Headline earnings per share will be
2,029,317,205.

Terms used but not defined in this announcement have the same meaning as set
out in the Company's announcement released on 5 November 2024.

 

Rosebank

9 December 2024

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

www.panafricanresources.com

 Corporate information                                                                                                                                                                                                                                                                             
 Corporate office The Firs Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za  Registered office 2 nd Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706 info@paf.co.za  
 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                                                                           Nominated adviser and joint broker Ross Allister/Georgia Langoulant Peel Hunt LLP Office: +44 (0)20 7418 8900          
 JSE Sponsor and 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 broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG Office: +44 (0)20 3207 7800                   

 

 



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