Pan African Resources to join London Stock Exchange's main market

Pan African Resources PLC plans to apply for its ordinary shares to be admitted to the Equity Shares (Commercial Companies) category of the Official List and to trading on the London Stock Exchange's Main Market. This move is expected to enhance the company's corporate profile and broaden its access to a wider pool of UK and global investors, supporting its next phase of growth. Admission is anticipated prior to 31 December 2025, subject to FCA approval of a prospectus and admission of shares to the Official List and Main Market trading.

The company will not raise funds or offer new securities with this admission, which will be effected through an introduction of existing ordinary shares and will not impact its JSE listing. Post-admission, Pan African will be dual primary listed on the Main Market and the main board of the JSE.

Pan African aims to increase annual gold production to between 275,000oz and 292,000oz by FY26, a 40% increase over FY25 production. The group's gold production will be completely unhedged from 1 July 2025.