Pan African Resources Plc - Transaction in Own Shares
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Pan African Resources Plc03 Jul, 2025, 07:00 GMT
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 on-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
| 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 |
Registered Office 107 Cheapside, 2nd Floor London, EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706 |
| 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 |
| 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 |
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|
Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: +44 (0)20 3207 7800 |
