Business
Intention to move from AIM to London Main Mar...
Pan African Resources PLC announced its intention to move from the AIM to the London Stock Exchange's Main Market, with admission to the Equity Shares (Commercial Companies) category of the Official List. The company expects admission to occur in late October 2025, but not before October 22, 2025, pending FCA approval of the prospectus. Consequently, the company has given notice of the intended cancellation of trading of its Ordinary Shares on AIM, adhering to Rule 41, which requires a 20-business day notice period. The Admission will not affect the company’s listing on the JSE, resulting in a dual primary listing. Disclaimer*
About this update from Pan African Resources Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nTHIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN PAN AFRICAN RESOURCES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.Pan African Resources PLC Pan African Resources Funding Company(Incorporated and registered in England and Wales Limitedunder Companies Act 1985 with registered Incorporated in the Republic of South Africanumber 3937466 on 25 February 2000) with limited liabilityShare code on AIM: PAF Registration number: 2012/021237/06Share code on JSE: PAN Alpha code: PARIISIN: GB0004300496ADR code: PAFRY(’Pan African’ or ‘the Company’ or ‘the Group’) INTENTION TO MOVE FROM AIM TO LONDON MAIN MARKETPan African is pleased to announce an update in relation to the proposed application for the Company’s ordinary shares (‘Ordinary Shares’) to be admitted to the Equity Shares (Commercial Companies) (‘ESCC’) category of the Official List maintained by the Financial Conduct Authority (‘FCA’) (‘Official List’) and to trading on London Stock Exchange plc’s (‘London Stock Exchange’) main market for listed securities (‘Main Market’) (together, ‘Admission’).Admission remains subject to the approval by the FCA of a prospectus prepared by the Company and the Ordinary Shares being admitted by the FCA to the ESCC segment of the Official List, and by the London Stock Exchange to trading on the Main Market. Subject to the satisfaction of these conditions, and further to the announcement made on 8 September 2025, the Company expects that Admission will take place and the Ordinary Shares will be cancelled from trading on AIM in late October, but will not occur before 22 October 2025 (‘Cancellation’). Under the AIM Rules for Companies (‘AIM Rules’), the Cancellation can only take place after the expiry of a period of 20 business days from the date on which the notice of Cancellation is given. Accordingly, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on AIM in accordance with Rule 41 of the AIM Rules. Admission is not conditional upon shareholder approval. Pan African shareholders should ...