REG - Tharisa PLC - Transaction in Own Shares

TharisaAnnouncement

15/04/2024 13:30

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RNS Number : 6614K  Tharisa PLC  15 April 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')

 

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 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 4 April 2023 to 12 April 2023

 JSE purchases
 Date of purchase                                                 4 April 2024 to 12 April 2024
 Aggregate number of Ordinary Shares purchased on JSE             2 389
 Lowest price paid per share (ZAR per share):                     ZAR14.8300
 Highest price paid per share (ZAR per share):                    ZAR15.0000
 Volume weighted average price paid per share (ZAR per share):    ZAR14.8327

 The aggregate number of shares purchased on the JSE in terms of the Repurchase
 Programme since 2 April 2024 is 2 813 shares at an average price of
 ZAR14.6738 per share and a total cost (including dealing and associated costs)
 of ZAR41 277.40.

 London Stock Exchange ('LSE') purchases
 Date of purchase                                                 4 April 2024 to 12 April 2024
 Aggregate number of Ordinary Shares purchased on LSE             190 000
 Lowest price paid per share (pence per share):                   61.00 pence
 Highest price paid per share (pence per share):                  65.50 pence
 Volume weighted average price paid per share (pence per share):  64.55 pence

 The aggregate number of shares purchased on the LSE in terms of the Repurchase
 Programme since 4 April 2024 is 190 000 shares at an average price of 64.55
 pence per share and a total cost (including dealing and associated costs) of
 GBP122 650.00.

Correction of announcement released on 4 April 2024

The announcement released on 4 April 2024 had overstated the number of shares
purchased by the Company by three (3) shares. The table below reflects the
correct number of shares purchased and the correct price information.

 

 Johannesburg Stock Exchange ('JSE') purchases
 Date of purchase                                               2 April 2024
 Number of Ordinary Shares purchased on JSE                     424
 Lowest price paid per share (ZAR per share):                   ZAR13.7800
 Highest price paid per share (ZAR per share):                  ZAR13.7800
 Volume weighted average price paid per share (ZAR per share):  ZAR13.7800

 

Following the purchases during this period and taking into account the
correction of the shares repurchased on 2 April 2024, the Company has 302 596
743 Ordinary Shares in issue, of which
2 759 405 Ordinary Shares are held in treasury.

The total number of voting rights in Tharisa is therefore 299 837 338. 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

15 April 2024

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 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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