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Update on acquisition of Emmerson Resources a...
Pan African Resources PLC has successfully completed the acquisition of Emmerson Resources Limited, with the scheme of arrangement now legally effective following court approval on June 19, 2026, and the scheme resolution passed by Emmerson shareholders on June 15, 2026. Concurrently, Pan African has been admitted to the official list of the ASX under the code "PAF," with deferred settlement trading commencing on June 23, 2026, and normal settlement trading beginning on July 2, 2026. The company will continue to trade on the London Stock Exchange and Johannesburg Stock Exchange as a dual primary issuer. 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 UPDATE ON ACQUISITION OF EMMERSON RESOURCES AND 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. Pan African is pleased to provide shareholders with an update regarding the acquisition of Emmerson Resources Limited (Emmerson) (via its wholly owned subsidiary Tennant Consolidated Mining Group Pty Ltd), and the ASX listing. This follows the announcements published by the Group on 9 March 2026, 8 May 2026 and 11 June 2026 relating to the proposed acquisition of 100% of the issued shares in Emmerson by way of an Australian Court approved scheme of arrangement (Scheme) in accordance with Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act). The Scheme Resolution, as required in accordance with the Corporations Act to approve the Scheme, was passed by the requisite majorities of Emmerson shareholders on 15 June 2026. Subsequent to the Emmerson shareholders approving the Scheme Resolution, the Supreme Court of Western Australia (Court) made orders approving the Scheme at the second court hearing held on 19 June 2026. A copy of the Court's orders has been lodged by Emmerson with the Australian Securities and Investments Commission earlier today, with the Scheme now being wholly unconditional and legally effective. Furthermore, Pan African has been admitted to the official list of the ASX as a foreign exempt listing today and granted official quotation for the PAR CDIs under the ASX code "PAF", with quotation of the PAR CDIs to commence on 23 June 2026 (on a deferred settlement basis), with normal settlement trading commencing from 2 July 2026, following the issue of the PAR CDIs as settlement of the Scheme Consideration. As part of the ASX listing process, a p...
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