Pan African Resources executes share buyback program

Pan African Resources PLC (JSE:PAN) announced that it purchased 420,317 ordinary shares at GBP0.01 each as part of its share buyback program announced on June 30, 2025. The shares were bought through Peel Hunt LLP and will be cancelled and delisted from the AIM market of the London Stock Exchange and the Johannesburg Stock Exchange. The lowest price paid per share was GBP46.75, the highest price was GBP47.00, and the volume-weighted average price was GBP46.89. Included in the purchased shares are 20,317 shares acquired by Peel Hunt on the JSE Order book and sold to the company via the LSE. Post-cancellation, Pan African Resources will have 2,335,254,946 ordinary shares in issue, with 306,358,058 held in treasury.