Pan African Resources Plc ADR's to trade on OTCQX Market in the US
23 October 2020 - 5:00PM
UK Regulatory
TIDMPAF
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African" or "the Company")
PAN AFRICAN TO COMMENCE TRADING ON OTCQX MARKET IN THE UNITED STATES
Pan African is pleased to announce that the Company's American Depository
Receipt ("ADR") programme has been upgraded and approved to trade on the OTCQX
Best Market ("OTCQX Market") in the United States of America ("US"), with
effect from 23 October 2020.
Pan African's CEO, Cobus Loots said: "We are pleased to be admitted to the
OTCQX Market, which is the highest tier of the OTC market. To qualify, Pan
African has complied with the OTCQX Market requirements including high
financial standards, corporate governance requirements, and compliance with
applicable securities laws. Trading on the OTCQX Market will significantly
enhance our visibility and provide better access to US investors".
The Company was sponsored for OTCQX trade by MCAP LLC, a qualified third-party
firm responsible for providing guidance on OTCQX requirements and recommending
membership. Pan African is upgrading to the OTCQX Market from the Pink
Over-the-Counter market and the ticker symbol (PAFRY) remains unchanged.
The OTCQX Market is the premier tier of the US Over-the-Counter market that is
operated by OTC Markets Group Inc. (OTCQX:OTCM). OTCQX is a trading market
designed for established, investor-focused US and international companies.
Current financial disclosures and Real-Time Level 2 quotes for Pan African are
available at www.otcmarkets.com.
Rosebank
23 October 2020
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0)11 243 2900 United Kingdom
info@paf.co.za Office: + 44 (0)20 7796 8644
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0)11 243 Office: + 27 (0)11 243 2900
2900
Phil Dexter/Jane Kirton Ross Allister/David McKeown
St James's Corporate Services Limited Peel Hunt LLP
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900
Ciska Kloppers Thomas Rider/Neil Elliot
Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited
JSE Sponsor Joint Broker
Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010
Hethen Hira Website: www.panafricanresources.com
Pan African Resources PLC
Head: Investor Relations
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
END
(END) Dow Jones Newswires
October 23, 2020 02:00 ET (06:00 GMT)
Pan African Resources (LSE:PAF)
Historical Stock Chart
From Apr 2024 to May 2024
Pan African Resources (LSE:PAF)
Historical Stock Chart
From May 2023 to May 2024