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Pan African Resources PLC said on Monday it intends to move its listing to the main board of the London Stock Exchange. The Rosebank-headquartered gold producer is currently trading on the AIM Market of the LSE, but indicated it will apply to shift its shares to trade on the LSE’s Main Market. The junior gold producer said it believes that the proposed move to the Main Market could enhance its corporate profile and broaden its access to a wider pool of UK and global investors, supporting its next phase of growth. The company said admission is subject to the approval by the UK Financial Conduct Authority, and noted it does not intend to raise any funds or offer any new securities as a result of the proposed move. It expects its shares to be admitted on the LSE’s Main Market before December 31, 2025. ‘Our proposed listing on the Main Market of the London Stock Exchange represents a natural continuation of Pan African’s growth,’ Pan African Chief Executive Officer Cobus Loots said. ‘We believe the proposed move from AIM to the Main Market will enable us to access a deeper pool of capital and enhance liquidity for the group as we continue our ambitious growth strategy,’ Loots said. Pan African expects its annual gold production to rise to between 275,000 ounces and 292,000 ounces for the financial year ending June 30, 2026, an increase of about 40% compared to the production for the financial year ended June 30, 2025. In London, shares in Pan African were up 4.2% to 73.58 pence on Monday morning. They were up 4.2% at R 17.20 in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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