REG - Tharisa PLC - Update: Acquisition BEE shares in Tharisa Minerals

TharisaAnnouncement

24/05/2022 09:00

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RNS Number : 5789M  Tharisa PLC  24 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 plc' or the 'Company')

 

UPDATE TO ACQUISITION OF BEE SHAREHOLDERS' INTERESTS IN THARISA MINERALS
PROPRIETARY LIMITED

 

Further to the announcement released on 16 February 2022, Tharisa announces
that the conditions precedent applicable to the Sale of Shares Agreement
entered into between the Company and The Tharisa Community Trust ('the Trust')
on 15 February 2022, in terms of which the Company agreed to purchase the
Trust's 6% ordinary shareholding in Tharisa Minerals Proprietary Limited for a
purchase consideration of ZAR90 million (USD5.9 million) with the purchase
consideration being settled through the issue of 3 208 556 new ordinary shares
in the Company, equating to approximately 1.1% of the pro forma voting share
capital ('the Trust Transaction'), have been met.

 

The Trust Transaction is effective and unconditional from 23 May 2022.

 

Paphos, Cyprus

24 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 (mailto: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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