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Proposed Acquisition of Emmerson Resources – Update Regarding 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')
PROPOSED ACQUISITION OF EMMERSON RESOURCES – UPDATE REGARDING 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.
Further to the announcements published on 9 March 2026 and 8 May 2026, regarding the proposed
acquisition of 100% of the issued shares in Emmerson Resources Limited (Emmerson) by way of
an Australian Court approved scheme of arrangement (Scheme) in accordance with Part 5.1 of the
Corporations Act 2001 (Cth), Pan African is pleased to advise that the Group has received a
conditional admission letter from the ASX advising that the ASX will admit Pan African to the official
list of the ASX and grant official quotation for the securities of Pan African, subject to the satisfaction
of certain conditions precedent. Pan African will trade under the share code "PAF" on the ASX once
admitted.
The receipt of the ASX conditional admission letter satisfies part of the ASX admission condition
precedent in the Scheme Implementation Deed (SID) between Emmerson and Pan African as
amended and restated by Emmerson, Pan African and Tennant Consolidated Mining Group Pty Ltd,
a copy of which was released on the ASX on 21 April 2026 under Emmerson's ASX profile.
The Scheme remains subject to several outstanding conditions, including approval of Emmerson
shareholders at the Scheme Meeting, Australian Court approval and the satisfaction, or waiver of
certain other conditions as outlined in the Scheme Booklet and in the SID. A copy of the Scheme
Booklet is available on Emmerson's website www.emmersonresources.com.au.
The Scheme Meeting of Emmerson shareholders to approve the Scheme will be held on Monday,
15 June 2026. Subject to the conditions of the Scheme being satisfied, or waived (as permitted),
the Scheme is expected to be implemented in accordance with the following indicative timetable:
Event Indicative dates*
Scheme meeting Monday, 15 June 2026
Second court date Friday, 19 June 2026
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
*All stated dates are indicative only and subject to change. Any changes to the above timetable will be announced and will
be available under Pan African's and Emmerson's profiles on their relevant exchanges .
Pan African's shares will continue to trade, as a dual primary issuer, on the London Stock Exchange
and Johannesburg Stock Exchange following the proposed ASX listing.
Johannesburg
11 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: 11-06-2026 08:00:00
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