Pan African Resources' Proposed Share Capital Reduction Halted After Court Ruling

05:01 AM EST, 12/22/2025 (MT Newswires) -- Pan African Resources (PAF.L, PAN.JO) said Monday its proposed share capital reduction could not proceed as planned after a court ruling related to the distribution of a notice of the general meeting. The court said it was "not satisfied" that the notice had been "appropriately" given to all shareholders, specifically to certain shareholders in South Africa who had opted not to receive notices from the company normally. The proposal involves the cancellation of the group's share premium account as well as certain shares in its share capital. The gold producer said it will seek renewed shareholder approval at another general meeting in the New Year, after which it expects to proceed with the share capital reduction shortly.