Tharisa PLC Repurchases Shares

  • Tharisa PLC announces details of its recent share repurchase programme.
  • The company bought back shares on both the JSE and LSE.
  • Tharisa aims for sustainability with projects like the Karo Platinum Project and solar initiatives.

Tharisa PLC, dual-listed on the Johannesburg and London stock exchanges, is a mining, metals, and innovation company. The company announced recent transactions in its own shares. This follows the terms of its share repurchase programme announced on March 26, 2024. The purchased shares will be held in treasury for up to two years. If not reissued, they will be canceled.

Share Repurchase Programme

Tharisa’s share repurchase programme has been active since April 2, 2024. The company repurchased ordinary shares from both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).

JSE Purchases

Between July 1 and July 5, 2024, Tharisa bought 11,695 ordinary shares on the JSE. The lowest price paid per share was ZAR18.85. The highest price paid per share was ZAR20.70. The volume-weighted average price was ZAR20.13.

JSE PurchasesDetails
Purchase DatesJuly 1 – July 5, 2024
Total Shares Purchased11,695
Lowest Price Per ShareZAR18.85
Highest Price Per ShareZAR20.70
Volume-Weighted Average PriceZAR20.13

Since April 2, 2024, the company has repurchased 83,784 shares on the JSE. The average price was ZAR18.52 per share. The total cost, including dealing and associated costs, was ZAR1,551,627.12.

LSE Purchases

Tharisa also repurchased shares on the LSE between July 1 and July 5, 2024. The company bought 329,041 ordinary shares. The lowest price paid per share was 84.50 pence. The highest price paid per share was also 84.50 pence. The volume-weighted average price was 84.50 pence.

LSE PurchasesDetails
Purchase DatesJuly 1 – July 5, 2024
Total Shares Purchased329,041
Lowest Price Per Share84.50 pence
Highest Price Per Share84.50 pence
Volume-Weighted Average Price84.50 pence

Since April 4, 2024, Tharisa has repurchased 1,857,010 shares on the LSE. The average price was 77.11 pence per share. The total cost, including dealing and associated costs, was GBP1,431,967.31.

Total Shares in Issue

Following these purchases, Tharisa has 302,596,743 ordinary shares in issue. Of these, 4,496,228 ordinary shares are held in treasury. The total number of voting rights in Tharisa is 298,100,515. Shareholders can use this figure to determine if they need to notify changes in their interest in the company.


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