Key topics:Dual primary listing planned on JSE and Main MarketGold output to rise 40% by June 2026Admission expected by December 2025, no new capital raisedSign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.If you prefer WhatsApp for updates, sign up to the BizNews channel here..By Kerry Lanaghan.Pan African Resources PLC is an entity incorporated and registered in England and Wales under the Companies Act 1985, with registration number 3937466, established on 25 February 2000. The Company’s shares are currently listed on the AIM Market of the London Stock Exchange (AIM) and the Johannesburg Stock Exchange (JSE). Pan African Resources Funding Company Limited is a related entity incorporated in the Republic of South Africa.The Company has announced its intention to apply for its ordinary shares to be admitted to the Equity Shares (Commercial Companies) category of the Official List maintained by the Financial Conduct Authority and to trading on London Stock Exchange, PLC’s main market for listed securities. This move, referred to as "Admission", is considered a natural continuation of the Company’s growth trajectory.Since its listings on AIM and JSE in 2007, Pan African, guided by an experienced management team, has achieved consistent commercial and financial success, underscored by substantial production growth. The Company operates a portfolio of high-margin, quality operations across South Africa and Australia. Pan African is on track to increase its annual gold production for the financial year ending 30 June 2026 to between 275,000oz and 292,000oz, representing an approximate 40% increase compared to the production for the financial year ended 30 June 2025. Significantly, the Group’s gold production is entirely unhedged from 1 July 2025, positioning it to fully benefit from the current record high gold prices. The Company expects to be fully de-geared (from a net debt perspective) during FY26, leveraging the strong gold price environment. Pan African's results for the year ended 30 June 2025 are scheduled for release on 10 September 2025.The Board of Directors believes that the proposed move to the Main Market will enhance the Company’s corporate profile and broaden access to a wider pool of UK and global investors, thereby supporting its next phase of growth. Pan African has clarified that it does not intend to raise any funds or offer new securities in connection with this Admission. The Admission will be effected through an introduction of existing Ordinary Shares, and its listing on the JSE will remain unaffected, resulting in a dual primary listing on the Main Market and the JSE.Admission Process and Key Information Admission is subject to the approval by the FCA of a prospectus and the Ordinary Shares being admitted to the Official List and Main Market trading. Pan African is actively progressing workstreams, with Admission expected to occur prior to 31 December 2025, contingent on these conditions. Further announcements regarding the status, timeline, and the proposed cancellation of Ordinary Shares from AIM trading will be made in due course. Shareholder approval is not expected to be a condition for Admission. Shareholders are advised that Ordinary Shares will no longer be traded on AIM post-Admission and should seek professional advice regarding the consequences.