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Pan African Resources calls fresh vote on capital reduction after court setback

Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) said it would seek renewed shareholder approval for a proposed capital reduction after a court found notice of the earlier general meeting had not been appropriately given to all shareholders.

The London-listed miner said a new general meeting would be held at Druces LLP, 99 Gresham Street, London EC2V 7NG on Thursday, 26 March at 11:00am London time, and would also consider a proposed amendment to its articles of association.