Tharisa plc
(Incorporated in the Republic
of Cyprus with limited liability)
(Registration number
HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the
'Company')
THARISA PLC TRANSACTION IN OWN
SHARES
Tharisa, the mining, metals, and
innovation company dual-listed on the Johannesburg and London stock
exchanges, announces that, in accordance
with the terms of its share repurchase programme announced on 26
March 2024 (the 'Repurchase Programme'), it purchased the following
number of ordinary shares of USD0.001 each in the Company
('Ordinary Shares') through Peel Hunt LLP ('Peel Hunt'). The
Ordinary Shares purchased will be held in treasury for a period not
exceeding two calendar years from the repurchase date and, unless
reissued, will be cancelled.
Purchases during the period 4 April
2023 to 12 April 2023
|
JSE
purchases
|
|
|
Date of
purchase
|
4 April 2024 to 12
April 2024
|
|
Aggregate number of Ordinary Shares
purchased on JSE
|
2 389
|
|
Lowest price paid per share (ZAR per
share):
|
ZAR14.8300
|
|
Highest price paid per share (ZAR
per share):
|
ZAR15.0000
|
|
Volume weighted average price paid
per share (ZAR per share):
|
ZAR14.8327
|
|
|
|
|
The aggregate
number of shares purchased on the JSE
in terms of the Repurchase Programme
since 2 April 2024 is 2 813 shares at an average price of ZAR14.6738 per share
and a total cost (including dealing and associated costs) of
ZAR41 277.40.
|
|
|
|
|
London Stock Exchange ('LSE') purchases
|
|
|
Date of
purchase
|
4 April 2024 to 12
April 2024
|
|
Aggregate number of Ordinary Shares
purchased on LSE
|
190 000
|
|
Lowest price paid per share (pence
per share):
|
61.00
pence
|
|
Highest price paid per share (pence
per share):
|
65.50
pence
|
|
Volume weighted average price paid
per share (pence per share):
|
64.55
pence
|
|
|
|
|
The aggregate
number of shares purchased on the LSE
in terms of the Repurchase Programme
since 4 April 2024 is 190 000 shares at an average price of 64.55 pence per share
and a total cost (including dealing and associated costs) of
GBP122 650.00.
|
|
|
|
Correction of announcement released
on 4 April 2024
The announcement released on 4 April
2024 had overstated the number of shares purchased by the Company
by three (3) shares. The table below reflects the correct number of
shares purchased and the correct price information.
|
Johannesburg Stock Exchange ('JSE')
purchases
|
|
|
Date of
purchase
|
2 April
2024
|
|
Number of Ordinary Shares purchased
on JSE
|
424
|
|
Lowest price paid per share (ZAR per
share):
|
ZAR13.7800
|
|
Highest price paid per share (ZAR
per share):
|
ZAR13.7800
|
|
Volume weighted average price paid
per share (ZAR per share):
|
ZAR13.7800
|
Following the purchases during this
period and taking into account the correction of the shares
repurchased on 2 April 2024, the Company has 302 596 743 Ordinary Shares in issue, of which
2 759 405 Ordinary Shares are held in treasury.
The total number of voting rights in
Tharisa is therefore 299 837 338. This figure may be used
by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
The information contained in this
update is the responsibility of the board of directors and has not
been reviewed or reported on by the Group's external
auditors.
During any of Tharisa's closed
periods, Peel Hunt will make trading decisions in relation to the
Company's securities independently of the Company. Any share
purchases during these periods will be undertaken within certain
pre-set parameters and in accordance with the Company's general
authority to repurchase shares.
Paphos, Cyprus
15 April 2024
JSE
Sponsor
Investec Bank Limited
Connect with us on
LinkedIn to get further news and updates about our
business.
Investor
Relations Contacts:
Ilja Graulich (Head of Investor
Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Broker
Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia
Langoulant
+44 207 418 8900
BMO Capital Markets Limited
(UK Joint Broker)
Thomas Rider / Nick
Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee /
Detlir Elezi
+44 203 207 7800
About Tharisa
Tharisa is an integrated resource
group critical to the energy transition and decarbonisation of
economies. It incorporates exploration, mining, processing and the
beneficiation, marketing, sales, and logistics of PGMs and chrome
concentrates, using innovation and technology as enablers. Its
principal operating asset is the Tharisa Mine, located in the
south-western limb of the Bushveld Complex, South Africa. The mine
has a 13-year open pit life and is strategically advancing the vast
mechanised underground resource which extends for over 60 years.
Tharisa is developing the Karo Platinum Project, a low-cost,
open-pit PGM asset located on the Great Dyke in Zimbabwe. The
Company is committed to reducing its carbon emissions by 30% by
2030 and the development of a roadmap to become net carbon neutral
by 2050. As part of this energy transition, the 40 MW solar project
adjacent to the Tharisa Mine is well advanced. Redox One is
accelerating the development of a proprietary iron chromium redox
flow long duration battery utilising the commodities we mine.
Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA)
and the Main Board of the London Stock Exchange (LSE:
THS).