14th Jul 2025 12:30
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 7 July 2025 to 11 July 2025
Johannesburg Stock Exchange ('JSE') purchases | |
Date of purchase | 7 July 2025 to 11 July 2025 |
Aggregate number of Ordinary Shares purchased on JSE | 40 493 |
Lowest price paid per share: | ZAR20.0500 |
Highest price paid per share: | ZAR21.1200 |
Volume weighted average price paid per share: | ZAR20.6475 |
The aggregate number of shares purchased on the JSE in terms of the Repurchase Programme since 29 May 2025 is 115 998 shares at an average price of ZAR20.7071 per share and a total cost (including dealing and associated costs) of ZAR2 401 983.15. | |
London Stock Exchange ('LSE') purchases | |
Date of purchase | 7 July 2025 to 11 July 2025 |
Aggregate number of Ordinary Shares purchased on LSE | 260 443 |
Lowest price paid per share: | 80.00 pence |
Highest price paid per share: | 87.85 pence |
Volume weighted average price paid per share: | 85.42 pence |
The aggregate number of shares purchased on the LSE in terms of the Repurchase Programme since 29 May 2025 is 575 896 shares at an average price of 85.74 pence per share and a total cost (including dealing and associated costs) of GBP493 751.28. | |
Following the purchases during this period, the Company has 302 596 743 Ordinary Shares in issue, of which 6 042 783 Ordinary Shares are held in treasury.
The total number of voting rights in Tharisa is therefore 296 553 960. 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
14 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
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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