REG - Tharisa PLC - Transaction in Own Shares and Total Voting Rights

TharisaAnnouncement

Mon 14:00

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RNS Number : 0301Q  Tharisa PLC  07 July 2025

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')

 

THARISA PLC TRANSACTION IN OWN SHARES

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 29 May 2025 (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 27 June 2025 to 4 July 2025

 Johannesburg Stock Exchange ('JSE') purchases
 Date of purchase                                      27 June 2025 to 4 July 2025
 Aggregate number of Ordinary Shares purchased on JSE  75 505
 Lowest price paid per share:                          ZAR20.2500
 Highest price paid per share:                         ZAR21.0000
 Volume weighted average price paid per share:         ZAR20.7391

 The aggregate number of shares purchased on the JSE in terms of the Repurchase
 Programme since 29 May 2025 is 75 505 shares at an average price of ZAR20.7391
 per share and a total cost (including dealing and associated costs) of
 ZAR1 565 904.09.

 London Stock Exchange ('LSE') purchases
 Date of purchase                                      30 June 2025 to 4 July 2025
 Aggregate number of Ordinary Shares purchased on LSE  315 453
 Lowest price paid per share:                          84.20 pence
 Highest price paid per share:                         87.25 pence
 Volume weighted average price paid per share:         86.00 pence

 The aggregate number of shares purchased on the LSE in terms of the Repurchase
 Programme since 29 May 2025 is 315 453 shares at an average price of 86.00
 pence per share and a total cost (including dealing and associated costs) of
 GBP271 273.85.

 

Following the purchases during this period, the Company has 302 596 743
Ordinary Shares in issue, of which 5 741 847 Ordinary Shares are held in
treasury.

The total number of voting rights in Tharisa is therefore 296 854 896. 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.

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.

During any of Tharisa's closed periods, Peel Hunt will make trading decisions
in relation to the Company's securities independently of the Company. Any
share purchases during these periods will be undertaken within certain pre-set
parameters and in accordance with the Company's general authority to
repurchase shares.

Paphos, Cyprus

7 July 2025

 

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

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 multi-generational Tharisa Mine, located in the
south-western limb of the Bushveld Complex, South Africa. Tharisa is also
developing the Karo Platinum Project, a tier-one PGM asset located on the
Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation in the
form of chrome and PGM alloys. A 15-year Power Purchase Agreement for the
procurement of wheeled renewable energy and a 40 MW solar project will ensure
that Tharisa Minerals' drive to reduce its carbon footprint by 30% by 2030 is
well within reach, forming a major part of a roadmap to become net carbon
neutral by 2050. 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
has an Equity Shares (Transition) Category listing on the London Stock
Exchange (LSE: THS).

 

 

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