Capital Reduction Court Approval

Summary by AI BETAClose X

Pan African Resources PLC announced that the High Court of Justice in England and Wales has approved its proposed share capital reduction, which involves the cancellation of the company's share premium account and the extinguishment of certain shares. This approval, granted on April 28, 2026, will become effective upon registration at Companies House in the UK, an event anticipated in the coming weeks. The company will issue a further announcement once the Capital Reduction is officially effective.

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