REG-Pan African Resources Plc: Transaction in Own Shares

Pan African ResourcesAnnouncement

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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 2 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                                                2 July 2025  
                                                                               
 Aggregate number of Ordinary Shares purchased                    400,000      
                                                                               
 LSE o n-market purchases                                                      
 Number of Ordinary Shares purchased on LSE (on-market)           400,000      
 Lowest price paid per Share (pence per share):                   47.10        
 Highest price paid per Share (pence per share):                  47.55        
 Volume weighted average price paid per Share (pence per share):  47.25        
                                                                               

Peel Hunt, acting as principal, did not acquire any shares through the JSE
Order book.

Following the purchases and pursuant to the cancellation thereof, the Company
will have 2,334,854,946 Ordinary Shares of £0.01 each in issue, of which
306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,334,854,946  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 purchased  Transaction price (pence per share)  Time of transaction  Execution venue  
 150,000                     47.20                                13:02                LSE              
 100,000                     47.55                                14:27                LSE              
 50,000                      47.10                                15:13                LSE              
 75,000                      47.10                                16:23                LSE              
 25,000                      47.10                                16:35                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

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

 



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