IN BRIEF: Pan African Resources capital reduction plan gains approval

Pan African Resources PLC - Rosebank-headquartered gold producer - Secures court approval in the UK on Tuesday for its proposed share capital reduction, with the reduction set to become effective once the order of the court confirming the capital reduction is registered at Companies House in the UK. Expects this to occur in the coming weeks. The plan involves the cancellation of the company's share premium account as well as the cancellation of certain shares in its capital.

Current stock price in London: 138.78 pence

12-month change: more than tripled

Current stock price in Johannesburg: ZAR31.26

12-month change: more than doubled

By Christopher Ward, Alliance News reporter

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