South African Gold Producer, Pan African, Buys Back Shares as part of Noteworthy Share Repurchase Programme

Pan African Resources PLC, the renowned South African gold producer, is living up to its reputation as a dynamic player in the market by purchasing a considerable number of ordinary shares for cancellation. This latest move is part of its impressive share buyback programme, initiated with the goal of bolstering shareholder value.

The buyback action took place on 9th July 2025 and saw the company acquire a total of 583,416 Ordinary shares of £0.01 each. These shares were procured through the financial services firm, Peel Hunt LLP. In line with this initiative’s terms, all purchased shares will be delisted from the markets of both the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE).

Following this significant purchase and the subsequent cancellations, Pan African Resources PLC now has a commanding total of 2,333,671,528 £0.01 ordinary shares in issue. This total also includes 306,358,058 Ordinary Shares kept in the treasury.

This engagement in share buybacks tells a fascinating tale of a company keen on strategic financial management to enhance shareholder value. If this trend continues, Pan African’s shareholdings and market performance may create even more ripples in the investment waters.