Pan African Resourceshas established a sponsored Level -1 ADR programme on the over-the-counter market in the United States (US) with the Bank of New York Mellon (BNY Mellon) being the appointed Depository.
Each depository receipt in the ADR programme represents twenty (20) ordinary shares in Pan African Resources and trades under the symbol ‘PAFRY’.
Pan African Resources CEO Cobus Loots says:
“Pan African has a strong shareholder base in South Africa and in the United Kingdom. By establishing the ADR programme, the Company will make investing in its shares even more accessible to international investors, particularly the US investor market.
“Furthermore, Pan African joins a number of its peers which have successfully implemented an ADR programme.”