REG - Tharisa PLC - Change of independent auditors - FY2024

TharisaAnnouncement

23/01/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240123:nRSW4961Aa&default-theme=true

RNS Number : 4961A  Tharisa PLC  23 January 2024

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')

 

CHANGE OF INDEPENDENT EXTERNAL AUDITORS - FY2024

 

In compliance with Section 3.75 of the Listings Requirements of the JSE
Limited, the Board of Directors of Tharisa ("the Board") hereby announces that
the Audit Committee has recommended, and the Board has endorsed, the proposed
appointment of BDO Limited, incorporated in Cyprus ("BDO Cyprus"), with
Terence Kiely being the designated audit partner, as external auditors of
Tharisa for the financial year ending 30 September 2024. The appointment of
BDO Cyprus will be put to shareholders of Tharisa at the Annual General
Meeting scheduled for 21 February 2024.

The Company's incumbent external auditors, Ernst & Young Cyprus Limited
("EY Cyprus") have served as external auditors for six years and the
designated registered auditor, Stavros Pantzaris, notified Tharisa that he was
resigning as Executive Chairman of EY and as audit partner on the Tharisa
account with effect from 31 December 2023. BDO Cyprus had been appointed as
the external auditors of the Karo Mining Holdings plc and its subsidiaries
effective from the financial year ended 30 September 2022 and the Board is of
the opinion that consolidation of the external auditors across the Tharisa
group would streamline the audit process going forward.

The Board thanks EY Cyprus for their diligence, commitment to excellence,
attention to detail and professionalism, which have contributed to Tharisa's
financial integrity and transparency over the past six years.

 

Paphos, Cyprus

23 January 2024

 

JSE Sponsor

Investec Bank Limited

 

Connect with us on LinkedIn
(https://protect-za.mimecast.com/s/Hc4jCJZK7oIYv07fVi1n3?domain=linkedin.com)
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 (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

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).

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  APPUUOORSKUAUAR