REG-Pan African Resources Plc: Results of General Meeting & Salient Dates

Pan African ResourcesAnnouncement

Yesterday 13:45

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 LSE: 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”)

 

RESULTS OF GENERAL MEETING AND SALIENT DATES

 

Pan African shareholders (                     Shareholders                   
) are referred to the announcement published on 17                    
February                     2026 and the notice of general meeting and
circular to Shareholders, dated 17                     February             
       2026, relating to the proposed share capital reduction involving the
cancellation of the Company’s share premium account and the cancellation and
extinguishment of certain shares in the Company’s capital (                 
   Capital Reduction                    ) and the proposed amendment to the
Company’s Articles of Association. Expressions used in this announcement
shall have the same meaning as in the announcement published on 17           
         February                     2026.
1.            Results of General Meeting
Shareholders are advised that at the general meeting of Shareholders (        
            General Meeting                    ) held on Thursday, 26 March
2026, all the special resolutions, as set out in the notice of General Meeting
dated 17 February 2026, were approved by the requisite majority of
Shareholders present or represented by proxy.

The total number of Pan African ordinary shares (                     Shares  
                 ) eligible to vote at the General Meeting is 2,333,671,529.

All resolutions proposed at the General Meeting, together with the percentage
of shares abstained, as well as the percentage of votes carried for and
against each resolution, are as follows:

Resolution 1                    : To approve the appropriation of profits as
at 31 July 2024 to the payment of the 2024 final dividend

 Shares Voted  1,468,683,523  62.93%  Abstained         For                      Against          
                                       189,994  0.01%    1,468,660,030  99.99%    23,493  0.01%   

Resolution 2                    : To cancel the Company’s share premium
account and to cancel and extinguish Shares bought back by the Company in July
2025

 Shares Voted  1,468,557,711  62.93%  Abstained         For                      Against          
                                       315,806  0.01%    1,468,524,279  99.99%    33,342  0.01%   

Resolution 3                    : To implement other aspects of the share
Capital Reduction

 Shares Voted  1,468,572,854  62.93%  Abstained         For                      Against           
                                       300,663  0.01%    1,468,260,620  99.98%    312,234  0.02%   

Resolution 4                    : To amend the Company’s Articles of
Association

 Shares Voted  1,468,517,621  62.93%  Abstained         For                      Against             
                                       355,896  0.02%    1,467,468,182  99.93%    1,049,439  0.07%   

 

Notes
*            Percentages of Shares voted are calculated in relation to the
total issued ordinary share capital of Pan African.          
*            Percentages of Shares voted for and against each resolution are
calculated in relation to the total number of Shares voted in respect of each
resolution.          
*            Abstentions are calculated as a percentage in relation to the
total issued ordinary share capital of Pan African.           
	 
         1.            Salient dates relevant to the Capital Reduction
 Expected date of initial directions hearing of the Court         Wednesday, 15 April 2026  
 Expected date of Court Hearing to confirm the Capital Reduction  Tuesday, 28 April 2026    
 Expected effective date for the Capital Reduction                Wednesday, 29 April 2026  

 

Note

1.                     The expected dates for the confirmation of the Capital
Reduction by the Court and the Capital Reduction becoming effective are based
on provisional dates that have been obtained for the required Court hearings
of the Company’s application. These provisional hearing dates are subject to
change and dependent on the Court’s timetable.

 

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

www.panafricanresources.com

 

Rosebank

26 March 2026

 

 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 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 Broker   Matthew Armitt/Jennifer Lee   Joh. Berenberg, Gossler & Co KG (Berenberg)   Office: +44 (0)20 3207 7800                      

 

 

 



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