Pan African Resources to upgrade to London main market

Pan African Resources PLC (JSE:PAN) is proceeding with its application to admit its ordinary shares to the Equity Shares (Commercial Companies) category of the Official List and trade on the London Stock Exchange's Main Market. This move, referred to as "Admission," is contingent upon approval by the Financial Conduct Authority (FCA) of a prospectus prepared by the company.

The company anticipates Admission to occur and the ordinary shares to be cancelled from trading on AIM in late October 2025, but not before October 22, 2025. This cancellation adheres to AIM Rules for Companies, requiring a 20-business day notice period, which has now been given. Admission is not subject to shareholder approval.

Peel Hunt LLP and Joh. Berenberg, Gossler & Co. KG are acting as joint sponsors for this transition. The company's listing on the JSE will remain unaffected, resulting in a dual primary listing on both the Main Market and the JSE's main board post-Admission.