Sign in Subscribe
Stock offerings

Pan African Resources PLC Announces Share Buyback and Cancellation

Strategic Insights

— 2 min read

Pan African Resources PLC, a South African gold producer, has announced its intention to purchase and cancel 450,002 ordinary shares of PS0.01 each under its share buyback programme. The company purchased the shares on July 3, 2025, through Peel Hunt LLP, and will cancel and delist them from the AIM market of the London Stock Exchange and the Johannesburg Stock Exchange.

Following the purchase, Pan African will have 2,334,404,944 ordinary shares in issue, with 306,358,058 shares held in treasury. The company's website provides further information on the share buyback programme and its implications for shareholders. Pan African's board of directors is responsible for the information contained in this update and has not been reviewed or reported on by the company's external auditors.

Key Takeaways:

  • Pan African Resources PLC has announced the purchase of 450,002 ordinary shares of PS0.01 each under its share buyback programme on July 3, 2025.
  • The company purchased the shares through Peel Hunt LLP and will cancel and delist them from the AIM market of the London Stock Exchange and the Johannesburg Stock Exchange.
  • Following the purchase, Pan African Resources will have 2,334,404,944 ordinary shares in issue, with 306,358,058 shares held in treasury.
  • Shareholders can use the figure of 2,334,404,944 as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.
  • The company's Chief Executive Officer is Cobus Loots, and the Financial Director and debt officer is Marileen Kok.
  • Pan African's board of directors is responsible for the information contained in this update and has not been reviewed or reported on by the company's external auditors.

Statistics:

  • The company purchased 450,002 ordinary shares of PS0.01 each.
  • The shares were purchased on July 3, 2025.
  • The shares were purchased through Peel Hunt LLP.
  • The lowest price paid per share was 48.20 pence per share.
  • The highest price paid per share was 48.24 pence per share.
  • The volume-weighted average price paid per share was 48.22 pence per share.

Sources:

  • Pan African Resources PLC (2025, July 4) Transaction in Own Shares. Retrieved from www.panafricanresources.com
  • UK Financial Conduct Authority (n.d.) Disclosure Guidance and Transparency Rules. Retrieved from [UK Financial Conduct Authority website]
  • London Stock Exchange (n.d.) AIM Rules. Retrieved from [London Stock Exchange website]
  • Johannesburg Stock Exchange (n.d.) JSE Listings Requirements. Retrieved from [Johannesburg Stock Exchange website]

Read more