Pan African to commence trading on OTCQX Market in the United States
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 2900 Office: + 27 (0)11 243 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
Date: 23-10-2020 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Click here to Book Accommodation in Cradock, Graaf Reinett, Hofmeyer or surrounds.
Article source: https://www.moneyweb.co.za/mny_sens/pan-african-resources-plc-pan-african-to-commence-trading-on-otcqx-market-in-the-united-states/