Tharisa PLC Update: Acquisition BEE shares in Tharisa Minerals (5789M)
24 May 2022 - 8:11PM
UK Regulatory
TIDMTHS
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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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
Financial PR contacts:
Bobby Morse / Ariadna Peretz / James Husband
+44 207 466 5000
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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END
MSCUSSBRUAUVURR
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May 24, 2022 06:11 ET (10:11 GMT)
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