REG - Tharisa PLC - Appointment of Chief Finance Officer Designate

TharisaAnnouncement

22/04/2026 07:00

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RNS Number : 3404B  Tharisa PLC  22 April 2026

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' or 'Group')

 

APPOINTMENT OF CHIEF FINANCE OFFICER DESIGNATE

 

Shareholders are referred to the announcement published on 3 February 2026,
wherein shareholders were advised of Michael Jones' pending retirement from
his position as Chief Finance Officer and executive director of Tharisa and
its subsidiaries effective 31 July 2026.

In compliance with the JSE Listings Requirements, and following an extensive
selection process, the board is pleased to announce the appointment of Jacques
Breytenbach as Chief Finance Officer Designate with effect from 1 May 2026,
and as Michael's successor as Chief Finance Officer and as executive director
of the board with effect from 1 August 2026. This appointment provides for a
comprehensive handover period to ensure continuity and stability within the
finance function.

Jacques holds a B. Compt. (Hon)/CTA from the University of South Africa and is
a qualified Chartered Accountant (South Africa). He is a seasoned Chief
Finance Officer and non-executive director with over 25 years' experience in
integrated mining operations including the diamond and PGM sectors across
Africa. He has extensive experience in the listed environment, across both the
Johannesburg and London stock exchanges, as well as capital structuring. His
broader expertise encompasses the shaping of financial strategy, optimising
return on investment, leading full financial functions across diverse
geographies, including South Africa, Tanzania, and other geographies within
Sub-Saharan Africa, debt and equity fundraising, and implementing robust
governance frameworks and digital systems to support growth in multinational,
asset-based organisations.

Jacques served as the Chief Financial Officer of Petra Diamonds Limited for
eight years from 2016 to 2024, having previously served as Group Finance
Manager between 2006 and 2016. Prior to this, he served as Finance Manager at
Anglo American Platinum Limited (now Valterra Platinum Limited) from 2001 to
2006. He served as a non-executive director and member of the Audit Committee
of Afrimat Limited, a JSE listed company, from 1 June 2025 to 21 April 2026.

Jacques' strong strategic and operational finance experience will add
considerable value to the Tharisa Group.

The board confirms that, in compliance with paragraph 6.73 of the JSE Listings
Requirements, a fit and proper assessment has been conducted and that the
board is satisfied with the outcome thereof. Tharisa further confirms that
there are no positive statements to report in respect of the integrity
information contained in the director's declaration.

The board congratulates Jacques on his appointment and looks forward to the
valuable contribution he will make to the Group.

The board wishes to place on record its sincere gratitude to Michael Jones for
his exceptional and dedicated service as Chief Finance Officer over the past
13 years. His tenure has been defined by an unwavering commitment to the
Tharisa Group that went far beyond the execution of his responsibilities, one
that helped shape Tharisa into the integrated, resilient, and financially
disciplined business it is today. The legacy he leaves is one of financial
rigour and institutional strength, and the board extends its sincere
appreciation for everything he has given to Tharisa, wishing him a well-earned
and fulfilling retirement.

 

Paphos, Cyprus

22 April 2026

 

JSE Sponsor

Investec Bank Limited

 

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Investor Relations Contacts:

Ilja Graulich (Head of Investor Relations and Communications)

+27 11 996 3500

+27 83 604 0820

igraulich@tharisa.com (mailto: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 - delivering on expansion and growth opportunities,
commercialising technology solutions

Tharisa is an integrated resource group playing a pivotal role in the global
energy transition and the decarbonisation of economies. Leveraging innovation
and technology, Tharisa covers the entire value chain - exploration, mining,
processing, beneficiation, marketing, sales, and logistics - for PGMs and
chrome concentrates. The low cost, multigenerational Tharisa Mine is located
on the southwestern limb of the Bushveld Complex, South Africa, the largest
source of PGMs and chrome globally. Development of the Karo Platinum Project,
a tier-one PGM project on Zimbabwe's Great Dyke, further reinforces Tharisa's
growth strategy. Investments in downstream beneficiation, including proven
chrome and PGM alloy production, will add significant value when
commercialised. Tharisa is committed to reducing carbon emissions by 30% by
2030 and the sustainability roadmap targets net carbon neutrality by 2050.
Through Redox One, Tharisa is advancing proprietary iron-chromium redox flow
battery technology, utilising the very commodities it mines to support
long-duration energy storage - a key component in the transition to renewable
energy.

Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the
London Stock Exchange (LSE: THS, Equity Shares (Transition) Category).

 

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