Pan African Resources PLC - Rosebank-headquartered gold producer - Says it will ask its shareholders to vote on its proposed share capital reduction plan at a general meeting to be held on March 26. The share capital reduction involves the cancellation of Pan African’s share premium account, and the cancellation and ‘extinguishment’ of certain shares in its capital, it says.
Current stock price in Johannesburg: R 31.16, down 1.9% on Tuesday
12-month change: more than doubled
Stock price in London: 143.60 pence, down 3.2%
12-month change: multiplied
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