Business
Proposed Acquisition of Emmerson Resources - ...
Pan African Resources PLC has received a conditional admission letter from the Australian Stock Exchange (ASX) for its proposed acquisition of Emmerson Resources Limited, with trading expected to commence on a deferred basis on June 23, 2026, and normal settlement on July 2, 2026. This admission is subject to several conditions precedent, including Emmerson shareholder approval at the Scheme Meeting on June 15, 2026, and Australian Court approval. Pan African will continue to trade on the London and Johannesburg Stock Exchanges following the ASX listing. Disclaimer*
About this update from Pan African Resources Plc
Pan African Resources PLC (Incorporated and registered in England and Wales under the Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on LSE: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR ticker code: PAFRY (`Pan African' or the `Group' or the `Company') Pan African Resources Funding Company Limited Incorporated in the Republic of South Africa with limited liability Registration number: 2012/021237/06 Alpha code: PARI PROPOSED ACQUISITION OF EMMERSON RESOURCES - UPDATE REGARDING AUSTRALIAN STOCK EXCHANGE (ASX) LISTING Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcement published by Pan African on 9 March 2026. Further to the announcements published on 9 March 2026 and 8 May 2026, regarding the proposed acquisition of 100% of the issued shares in Emmerson Resources Limited (Emmerson) by way of an Australian Court approved scheme of arrangement (Scheme) in accordance with Part 5.1 of the Corporations Act 2001 (Cth), Pan African is pleased to advise that the Group has received a conditional admission letter from the ASX advising that the ASX will admit Pan African to the official list of the ASX and grant official quotation for the securities of Pan African, subject to the satisfaction of certain conditions precedent. Pan African will trade under the share code "PAF" on the ASX once admitted. The receipt of the ASX conditional admission letter satisfies part of the ASX admission condition precedent in the Scheme Implementation Deed (SID) between Emmerson and Pan African as amended and restated by Emmerson, Pan African and Tennant Consolidated Mining Group Pty Ltd, a copy of which was released on the ASX on 21 April 2026 under Emmerson's ASX profile. The Scheme remains subject to several outstanding conditions, including approval of Emmerson shareholders at the Scheme Meeting, Australian Court approval and the satisfaction, or waiver of certain other conditions as outlined in the Scheme Booklet and in the SID. A copy of the Scheme Booklet is available on Emmerson's website www.emmersonresources.com.au. The Scheme Meeting of Emmerson shareholders to approve the Scheme will be held on Monday, 15 June 2026. Subject to the conditions of the Scheme being satisfied, or waived (as pe...
View stock analysis, news, and events for Pan African Resources Plc