🟢 Pan African Resources PLC shares rise 3.5% after receiving conditional approval for ASX listing

Pan African Resources PLC is trading 3.5% up at $2398.00 following recent company news and broader market strength.

• The company announced on June 11 that it had received a conditional admission letter from the Australian Securities Exchange (ASX) for a listing.
• This secondary listing is part of the company's planned acquisition of Australia-based Emmerson Resources Ltd.
• The move also coincides with a broader market rally, with European and Asian stock indexes trading significantly higher on June 12.