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Pan African completes R50m share buyback

12th May 2022

By: Marleny Arnoldi

Online News Editor

     

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Aim- and JSE-listed Pan African Resources has completed Phase 1 of its share buyback programme announced in April, having bought back 11.8-million ordinary shares for R50.3-million, or £2.55-million.

About 7.5-million shares were bought back on the LSE, while the remainder was repurchased on the JSE.

All shares under the programme have been cancelled and Pan African therefore has 2.2-billion ordinary shares in issue, of which 306-million shares are held in treasury.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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