Pan African Resources to move shares from Aim to LSE main market
South Africa-focused gold miner Pan African Resources has informed shareholders that it will apply for its ordinary shares to be admitted to trading on the LSE’s main market for listed securities, after having had its shares listed on the Aim since 2007.
The group is also listed on the JSE in South Africa.
By moving its ordinary shares to the equity shares category of the official list maintained by the Financial Conduct Authority and effectively trading on the LSE’s main market for listed securities, Pan African Resources can enhance its corporate profile and broaden access to a wider pool of UK and global investors.
This is prudent as the company embarks on its next phase of growth. The company is on track to increase its gold production to between 275 000 oz and 292 000 oz in the year ending June 30, 2026, which would be a 40% year-on-year increase compared with the year ended June 30, this year.
The company’s results for the year ended June 30, will be released on September 10.
Pan African Resources does not intend to raise any funds or offer any new shares in connecting with the main market listing.
Pan African Resources CEO Cobus Loots says the proposed listing on the main market of the LSE represents a natural continuation of the company’s growth.
“Over the last decade, we have consistently grown both organically and through acquisitions, while returning capital to shareholders.
“We are currently benefitting from the strong gold price environment which we expect will enable us to be fully de-geared from a net debt perspective during the course of the 2026 financial year,” Loots says.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation