Company Announcements

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”)

 

RESULTS OF GENERAL MEETING

 

  1. RESULTS OF GENERAL MEETING

Pan African shareholders ( Shareholders ) are advised that at the general meeting ( GM ) of Shareholders held on Monday, 10 June 2024, the special resolution, as set out in the notice of GM dated 24 May 2024, was approved by the requisite majority of Shareholders present or represented by proxy.

The total number of Pan African ordinary shares ( Shares ) eligible to vote at the GM is 1,507,194,407 (being the entire issued share capital of the Company less the 14,488,695 Shares in which the directors of the Company are interested and a total of 701,178,944 Shares held by “substantial shareholders” (as defined in the AIM Rules for Companies))( Eligible Shares ).

The resolution proposed at the GM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against, was as follows:

Resolution 1 : To approve the cancellation of the Company’s share premium account and associated matters.

Shares Voted  Abstained For           Against
              9,127,743 1,224,973,635 88,040
1,225,061,675
              0.61%     99.99%        0.01%
81.28%

Notes

    --  Percentages of shares voted are calculated in relation to the Eligible
        Shares.
    --  Percentages of shares voted for and against each resolution are
        calculated in relation to the total number of shares voted in respect of
        each resolution.
    --  Abstentions are calculated as a percentage in relation to the Eligible
        Shares.

 

Johannesburg

10 June 2024

 

 

 ___________________________________________________________________________
|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 7796 8644        |
|                                      |                                    |
|info@paf.co.za|info@paf.co.za                      |
|______________________________________|____________________________________|
|Chief executive officer               |Financial directorand debt officer  |
|                                      |                                    |
|Cobus Loots                           |Deon Louw                           |
|                                      |                                    |
|Office: + 27 (0)11 243 2900           |Office: + 27 (0)11 243 2900         |
|______________________________________|____________________________________|
|Head: Investor relations              |                                    |
|                                      |                                    |
|Hethen Hira                           |Website: www.panafricanresources.com|
|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 7796 8644          |Office: +44 (0)20 7418 8900         |
|______________________________________|____________________________________|
|JSE Sponsor and JSE debt sponsor      |Joint broker                        |
|                                      |                                    |
|Ciska Kloppers                        |Thomas Rider/Nick Macann            |
|                                      |                                    |
|Questco Corporate Advisory Proprietary|BMO Capital Markets Limited         |
|Limited                               |                                    |
|                                      |Office: +44 (0)20 7236 1010         |
|Office: + 27 (0)11 011 9200           |                                    |
|______________________________________|____________________________________|
|                                      |Joint broker                        |
|                                      |                                    |
|                                      |Matthew Armitt/Jennifer Lee         |
|                                      |                                    |
|                                      |Joh. Berenberg, Gossler & Co KG     |
|                                      |                                    |
|                                      |Office: +44 (0)20 3207 7800         |
|______________________________________|____________________________________|