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Issue of New Ordinary Shares, AIM application and Total Voting Rights
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under Companies Act 1985 with registered Incorporated in the Republic of South Africa
number 3937466 on 25 February 2000) with limited liability
Share code on AIM: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
ISIN: GB0004300496
ADR code: PAFRY
("Pan African" or "the Company" or "the Group")
Issue of New Ordinary Shares, AIM application and Total Voting Rights
Pursuant to the announcement on 5 November 2024 and following the shareholder approvals at the
AGM on 21 November 2024, the Company shall issue 112,813,217 New Ordinary Shares to the Sellers
of TCMG, equivalent to a price per New Ordinary Share of pence, being the 30 day volume weighted
average price as at 6 December 2024.
Application has been made to the London Stock Exchange and the JSE Limited for admission to trading
on AIM and the JSE Main Board for the aggregate 112,813,217 new Ordinary Shares detailed above
("Admission"), and Admission is expected to become effective and trading will commence in the New
Ordinary Shares on or around 10 December 2024. The new Ordinary Shares will be issued free of all
liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the
Company's existing Ordinary Shares.
Following Admission, the Company's issued share capital will comprise of 2,335,675,263 Ordinary
Shares, of which 306,358,058 are held in treasury. Accordingly, the figure of 2,335,675,263 may be
used by shareholders as the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules. The number of shares outstanding for
purposes of calculating Earnings per share and Headline earnings per share will be 2,029,317,205.
Terms used but not defined in this announcement have the same meaning as set out in the Company's
announcement released on 5 November 2024.
Rosebank
9 December 2024
For further information on Pan African Resources, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs Building 2nd Floor
2nd Floor, Office 204 107 Cheapside
Cnr. Cradock and Biermann Avenues London
Rosebank, Johannesburg EC2V 6DN
South Africa United Kingdom
Office: + 27 (0)11 243 2900 Office: + 44 (0)20 3869 0706
info@paf.co.za info@paf.co.za
Chief executive officer Financial director and debt officer
Cobus Loots Marileen Kok
Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900
Head: Investor relations Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Company secretary Nominated adviser and joint broker
Jane Kirton Ross Allister/Georgia Langoulant
St James's Corporate Services Limited Peel Hunt LLP
Office: + 44 (0)20 3869 0706 Office: +44 (0)20 7418 8900
JSE Sponsor and JSE debt sponsor Joint broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
Office: + 27 (0) 63 482 3802 Office: +44 (0)20 7236 1010
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
Office: +44 (0)20 3207 7800
Date: 09-12-2024 10:00:00
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