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Update on Acquisition of Emmerson Resources and Australian Stock Exchange (ASX) Listing
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under the Companies Act 1985 with registered Incorporated in the Republic of South
number 3937466 on 25 February 2000) Africa with limited liability
Share code on LSE: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
('Pan African' or the 'Group' or the 'Company')
UPDATE ON ACQUISITION OF EMMERSON RESOURCES AND AUSTRALIAN STOCK EXCHANGE (ASX) LISTING
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall
bear the same meanings ascribed thereto in the announcement published by Pan African on
9 March 2026.
Pan African is pleased to provide shareholders with an update regarding the acquisition of
Emmerson Resources Limited (Emmerson) (via its wholly owned subsidiary Tennant Consolidated
Mining Group Pty Ltd), and the ASX listing. This follows the announcements published by the Group
on 9 March 2026, 8 May 2026 and 11 June 2026 relating to the proposed acquisition of 100% of the
issued shares in Emmerson by way of an Australian Court approved scheme of arrangement
(Scheme) in accordance with Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act).
The Scheme Resolution, as required in accordance with the Corporations Act to approve the
Scheme, was passed by the requisite majorities of Emmerson shareholders on 15 June 2026.
Subsequent to the Emmerson shareholders approving the Scheme Resolution, the Supreme Court
of Western Australia (Court) made orders approving the Scheme at the second court hearing held
on 19 June 2026. A copy of the Court's orders has been lodged by Emmerson with the Australian
Securities and Investments Commission earlier today, with the Scheme now being wholly
unconditional and legally effective.
Furthermore, Pan African has been admitted to the official list of the ASX as a foreign exempt listing
today and granted official quotation for the PAR CDIs under the ASX code "PAF", with quotation of
the PAR CDIs to commence on 23 June 2026 (on a deferred settlement basis), with normal
settlement trading commencing from 2 July 2026, following the issue of the PAR CDIs as settlement
of the Scheme Consideration. As part of the ASX listing process, a pre-quotation statement and
related documents including a copy of the Scheme Booklet, will be released on the ASX platform
today and can be accessed under Pan African's profile using the "PAF" share code through the
following link https://www.asx.com.au/markets/trade-our-cash-market/historical-announcements.
The Scheme which is now legally effective will be implemented in accordance with the following
indicative timetable:
Event Indicative dates*
Effective date Monday, 22 June 2026
Admission to ASX and trading to Tuesday, 23 June 2026
commence on a deferred basis
Scheme record date Wednesday, 24 June 2026
Implementation date Wednesday, 1 July 2026
Trading to commence on a normal Thursday, 2 July 2026
settlement basis on ASX
Pan African's shares will continue to trade, as a dual primary issuer, on the London Stock Exchange
and Johannesburg Stock Exchange following the ASX listing.
Johannesburg
22 June 2026
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs Building 107 Cheapside, 2nd Floor
2nd Floor, Office 204 London, EC2V 6DN
Corner Cradock and Biermann Avenues United Kingdom
Rosebank, Johannesburg Office: + 44 (0)20 3869 0706
South Africa jane.kirton@corpserv.co.uk
Office: + 27 (0)11 243 2900
info@paf.co.za
Chief executive Officer Financial director and debt officer
Cobus Loots Marileen Kok
Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900
Head: Investor relations Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Company secretary Joint broker
Jane Kirton Ross Allister/Georgia Langoulant
St James's Corporate Services Limited Peel Hunt LLP
Office: + 44 (0)20 3869 0706 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) 63 482 3802
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
(Berenberg)
Office: +44 (0)20 3207 7800
Date: 22-06-2026 10:30:00
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