Wrap Text
Intention to move from AIM to London 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')
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 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
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.
Date: 23-09-2025 03:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
