Source - Alliance News
Pan African Resources PLC - Rosebank-headquartered gold producer - Says it will start buying back its own shares for about R 200 million from Tuesday. Plans to repurchase shares to take place both on the Johannesburg Stock Exchange and on the London Stock Exchange after cutting debt. Pan African announced its latest repurchase programme on June 11. Says it will return additional capital to its shareholders as it expects to be fully de-geared during the 2026 financial year.
Current stock price in Johannesburg: R 11.02, up 1.4% on Monday
12-month change: up 79%
Current stock price in London: 45.35 pence, up 1.9%
12-month change: up 67%
Copyright 2025 Alliance News Ltd. All Rights Reserved.
