28th Apr 2026 15:30
Pan African Resources Plc - Capital Reduction Court ApprovalPan African Resources Plc - Capital Reduction Court Approval
PR Newswire
LONDON, United Kingdom, April 28
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 LSE: 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")
CAPITAL REDUCTION COURT APPROVAL
Pan African shareholders (Shareholders) are referred to the announcements published on 17 February 2026 and 26 March 2026 and the notice of general meeting and circular to Shareholders, dated 17 February 2026, relating to, inter alia , the proposed share capital reduction involving the cancellation of the Company's share premium account and the cancellation and extinguishment of certain shares in the Company's capital (Capital Reduction).
Pan African is pleased to advise that, at the hearing of the High Court of Justice in England and Wales (Court) held today, 28 April 2026, the Court approved the Capital Reduction. The Capital Reduction will become effective on the date on which the order of the Court confirming the Capital Reduction is registered at Companies House in the UK, which is expected to occur in the coming weeks. A further announcement will be published once the Capital Reduction becomes effective.
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Rosebank
28 April 2026
| Corporate information | |
| Corporate Office The Firs Building 2nd Floor, Office 204 Corner Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 | Registered Office 107 Cheapside, 2 nd Floor London, EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706 |
| Chief Executive Officer Cobus Loots Office: + 27 (0)11 243 2900 | Financial Director and debt officer Marileen Kok Office: + 27 (0)11 243 2900 |
| Head: Investor Relations Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: [email protected] | Website: www.panafricanresources.com |
| Company Secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 3869 0706 | Joint Broker Ross Allister/Georgia Langoulant Peel Hunt LLP Office: +44 (0)20 7418 8900 |
| JSE Sponsor & JSE Debt Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 63 482 3802 | Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0)20 7236 1010 |
|
| Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: +44 (0)20 3207 7800 |
Related Shares:
Pan African Resources