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Pan African Resource PLC (ASX:PAF)

ALERT: Price-sensitive ASX Announcement for PAF
Current share price for PAF : $2.270 0.31 (15.82%)+
Announcement
Release
29 Jun 2026 9:18AM
Price at Release
$1.960
Full Release
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Summary
Pan African Resources PLC announced the issue of 102,641,421 new ordinary shares as part of the Emmerson acquisition scheme. These new shares, credited as fully paid at £1.09 per share, will be admitted to trading on the London Stock Exchange and the JSE Main Board, effective on or about 1 July 2026. Following this admission, the company's total issued share capital will amount to 2,436,312,950 ordinary shares. This new issuance is in line with the strategic move to incorporate Emmerson's shares into Pan African's capital structure, marking a significant expansion in its shareholder base.
Key Points
  • Pan African Resources is issuing 102,641,421 new shares.
  • The new shares are related to the Emmerson acquisition.
  • Shares are fully paid at £1.09 each.
  • The shares will be traded on LSE and JSE starting 1 July 2026.
  • Total share capital post-issuance will be 2,436,312,950 shares.
  • The issuance is a strategic expansion of Pan African Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.