Pan African Resources (PAF)

Up
Share Price:
136.10p
Market Cap:
£3,176.13m
Change Today:
7.20p
Sector:
Mining

Delay in Share Capital Reduction

By Sharecast

Date: Monday 22 Dec 2025




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

”)




 




DELAY IN SHARE CAPITAL REDUCTION



Pan African refers 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 ("

Share Capital Reduction

"). Pan African announces that, at a hearing held on 19 December 2025, the Court was not satisfied that notice of the general meeting at which resolutions were passed to approve and implement the Share Capital Reduction had been appropriately given to all shareholders. Certain shareholders in South Africa had indicated that they would not normally wish to receive notices from the Company and hence did not receive the formal notification of the capital reduction. Notwithstanding that several of shareholders in this category became aware of the meeting through other means and voted on the resolutions in any event, the Court determined that the Share Capital Reduction could not proceed. Accordingly, the Share Capital Reduction will not be proceeding on the timetable originally envisaged.



Instead, it is envisaged that the Company will convene another general meeting, by distributing a new circular and notice of general meeting to all shareholders, in the New Year. The purpose of the general meeting will be to seek a renewed approval of the Share Capital Reduction. If approved, the Company intends to pursue the Share Capital Reduction shortly thereafter.



Rosebank



22 December 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


Tel: + 27 (0)11 243 2900


E-mail:


hhira@paf.co.za


Website:


www.panafricanresources.com




 



 



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


 



 



 







Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PAF Market Data

Currency UK Pounds
Price 136.10p
Change Today 7.20p
52 Week High 182.60p
52 Week Low 61.80p
Volume 9,286,916
Shares Issued 2,333.67m
Market Cap £3,176.13m

Performance Indicators

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Value
market
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  2. empty market
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sector
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Price Trend
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Income
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Growth
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Price Chg 6m
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sector
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P/E
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sector
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PEG
market
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sector
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Dividend Yield
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sector
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EPS Growth
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sector
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Operating Margin
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sector
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