REG - Tharisa PLC - Trading Statement - H1 FY2022

TharisaAnnouncement

20/05/2022 10:00

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RNS Number : 2472M  Tharisa PLC  20 May 2022

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')

 

Trading statement - Interim results for the six months ended 31 March 2022

In terms of section 3.4(b) of the JSE Listings Requirements, companies are
required to provide guidance to the market when they are satisfied that a
reasonable degree of certainty exists that the financial results for the
current reporting period will differ by at least 20% from the results of the
previous corresponding reporting period.

Tharisa is preparing its financial statements for the interim results of the
FY2022 financial year, with the Reviewed Interim Condensed Consolidated
Financial Statements expected to be released on or about

26 May 2022.

Tharisa's basic earnings per share ('EPS') for the six months ended 31 March
2022 are expected to be between US$ 32.0 cents per share and US$ 33.0 cents
per share with a tolerance of 10%.  This is an increase of 49.5% to 54.2%
relative to the EPS of US$ 21.4 cents for the six months ended 31 March 2021
and is after accounting for the acquisition of a controlling interest in Karo
Mining Holdings Limited as a "business combination".

Tharisa's headline earnings per share ('HEPS') for the six months ended 31
March 2022 are expected to be between US$ 15.0 cents per share and US$ 16.0
cents per share with a tolerance of 10%.  This is a decrease of 31.5% to
26.9% relative to the HEPS of US$ 21.9 cents per share for the six months
ended

31 March 2021.

 The financial information on which this trading statement is based has not
been reviewed and reported on by the Company's auditors.

 

Paphos, Cyprus

20 May 2022

 

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)

 

Financial PR contacts:

Bobby Morse / Ariadna Peretz / James Husband

+44 207 466 5000

tharisa@buchanan.uk.com

 

Broker contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / David McKeown / Alexander Allen

+44 207 7418 8900

 

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Pascal Lussier Duquette / Nick Macann

+44 207 236 1010

 

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Lee / Detlir Elezi

+44 203 207 7800

 

Nedbank Limited (acting through its Corporate and Investment Banking division)
(RSA Broker)

Carlyle Whittaker

+27 11 294 0061

 

About Tharisa

Tharisa is an integrated resource group critical to the energy transition and
decarbonisation of economies. It incorporates mining, processing, exploration,
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 mechanised mine has a 20-year open-pit
life and the ability to extend operations underground by at least an
additional 40 years. Tharisa also owns Karo Mining Holdings and Salene Chrome,
development stage, low-cost, open-pit PGM and chrome assets respectively,
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 is
continuing to be net carbon neutral by 2050. 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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