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')
Transactions in own shares,
voting rights and completion
of Repurchase Programme
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 26
August 2024 and 30 August 2024
|
JSE
purchases
|
|
|
Date of
purchase
|
26 August
2024 to 30 August 2024
|
|
Aggregate number of Ordinary Shares
purchased on JSE
|
10 000
|
|
Lowest price paid per
share
|
ZAR19.3100
|
|
Highest price paid per
share
|
ZAR19.5000
|
|
Volume weighted average price paid
per share
|
ZAR19.4050
|
|
|
|
|
The aggregate
number of shares purchased on the JSE
in terms of the Repurchase Programme
since 2 April 2024 is 252 143
at an average price of ZAR19.0039 per share and a
total cost (including dealing and associated costs) of
ZAR4 791 695.40.
|
|
|
|
|
London Stock Exchange ('LSE') purchases
|
|
|
Date of
purchase
|
26 August
2024 to 30 August 2024
|
|
Aggregate number of Ordinary Shares
purchased on LSE
|
136 570
|
|
Lowest price paid per
share
|
79.6200
pence
|
|
Highest price paid per
share
|
81.3400
pence
|
|
Volume weighted average price paid
per share
|
80.7802
pence
|
|
|
|
|
The aggregate
number of shares purchased on the LSE
in terms of the Repurchase Programme
since 4 April 2024 is 4 584 775
shares at an average price of 79.9804 pence per
share and a total cost (including dealing and associated
costs) of GBP3 666 920.09.
|
|
|
|
Voting rights
Following the purchases during this
period the Company has 302 596
743 Ordinary Shares
in issue, of which 7 392 352 Ordinary Shares are held in
treasury.
The total number of voting rights in
Tharisa is therefore 295 204 391. 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.
Completion of US$5.0 million
Repurchase Programme
Following the purchase of ordinary
shares on 30 August 2024, the Repurchase Programme, as announced on
26 March 2024, has now been completed.
Over the course of the Repurchase
Programme, the Company has repurchased in aggregate
4 836 918 Ordinary shares on the Johannesburg and London
stock exchanges for a total consideration of approximately US$5.0
million. A total of 252 143 shares have been repurchased on
the Johannesburg Stock Exchange at a volume weighted average price
of ZAR19.00 per share and 4 584 775 shares have been
repurchased on the London Stock Exchange at a volume weighted
average price of 79.98 pence per share.
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.
Paphos, Cyprus
2 September 2024
JSE
Sponsor
Investec Bank Limited
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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).