REG - Tharisa PLC - Voting Results - Karo EGM of bondholders

TharisaAnnouncement

Mon 07:00

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RNS Number : 7313G  Tharisa PLC  10 November 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')

 

VOTING RESULTS AT EXTRAORDINARY GENERAL MEETING OF BONDHOLDERS OF KARO MINING
HOLDINGS PLC

Tharisa, the platinum group metals ('PGMs') and chrome co-producer dual-listed
on the Johannesburg and London stock exchanges, hereby advises the result of
voting at the Extraordinary General Meeting of bondholders of Karo Mining
Holdings plc ('the Issuer'), a subsidiary of Tharisa, held on 7 November 2025.

At the Extraordinary General Meeting the following resolutions were approved
by the requisite majority, with effect from the maturity date of the existing
bonds, being 1 December 2025:

1.   Extending the maturity date of the existing notes ('Notes') by an
additional three years to

1 December 2028

2.   Adjusting the interest rate on the Notes from 9.5% to 11.0% per annum

3.   Amending the early redemption terms such that in the case of early
redemption, the Issuer will redeem in whole (but not in part) the Note(s)
specified in such notice, together with interest accrued and unpaid thereon,
if any, to the date fixed for early redemption and shall not have any
obligation to pay interest that would otherwise be payable until the final
redemption date and

4.   Introducing a guarantee fee such that with effect from 1 December 2025
until 1 December 2028, the Issuer shall pay to the guarantor (being Tharisa),
a guarantee fee of 2.6% (two point six percent) per annum.

 

Paphos, Cyprus

10 November 2025

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 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).

About VFEX

The Victoria Falls Stock Exchange (VFEX) is a subsidiary of the Zimbabwe Stock
Exchange (ZSE) established to kick start the Offshore Financial Services
Centre (OFSC) earmarked for the special economic zone in Victoria Falls. The
VFEX is a US$ based exchange. Key incentives applicable to the VFEX include
capital raised by a company listed on VFEX may be held in an approved local or
offshore account with an internationally recognised banking institution;
allowance to use offshore settlement for trades; tax incentives for
shareholders of shares listed on VFEX - 5% dividend withholding tax (foreign
investors only) and exemption from capital gains withholding tax.

 

Details of the Karo Platinum Project can be found at www.tharisa.com
(http://www.tharisa.com) and www.karomining.com (http://www.karomining.com)

 

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