REG - Tharisa PLC - Completion repurchase programme and voting rights

TharisaAnnouncement

02/09/2024 14:00

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RNS Number : 5636C  Tharisa PLC  02 September 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')

 

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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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).

 

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