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Tharisa plc Announces Completion of Share Repurchase Program

Strategic Insights

— 1 min read

Tharisa plc, a mining and metals company listed on the Johannesburg Stock Exchange and the London Stock Exchange, has completed its share repurchase program, a plan initially unveiled on May 29, 2025. The program involved the acquisition of ordinary shares, valued at USD0.001 each, through Peel Hunt LLP, with the intention of holding them in treasury for up to two years before potential cancellation. During the repurchase activity, conducted from August 18 to August 22, 2025, Tharisa purchased 47,617 ordinary shares through the Johannesburg Stock Exchange at a volume-weighted average price of ZAR21.0893.

The company has acquired a total of 257,073 shares on the Johannesburg Stock Exchange, incurring a total expenditure of ZAR5.36 million. In parallel, Tharisa purchased 165,105 ordinary shares on the London Stock Exchange at a volume-weighted average price of 89.48 pence. The share repurchase program has cumulatively repurchased 2,192,660 shares on the LSE at an average cost of 87.98 pence per share, amounting to a total expenditure of GBP1.93 million.

Key Takeaways:

  • Tharisa plc has completed its share repurchase program, acquiring a total of 257,073 shares on the Johannesburg Stock Exchange and 165,105 ordinary shares on the London Stock Exchange.
  • The company incurred a total expenditure of ZAR5.36 million on the Johannesburg Stock Exchange and GBP1.93 million on the London Stock Exchange.
  • Tharisa has repurchased 2,192,660 shares on the LSE at an average cost of 87.98 pence per share.
  • The company's treasury holdings now total 7.80 million ordinary shares, accounting for 2.56% of the total outstanding shares.
  • Tharisa's voting rights currently stand at 294.80 million, with 302.60 million ordinary shares in circulation.

Statistics:

  • Total shares acquired through the Johannesburg Stock Exchange: 257,073
  • Total expenditure on Johannesburg Stock Exchange: ZAR5.36 million
  • Total shares acquired on the London Stock Exchange: 165,105
  • Total expenditure on London Stock Exchange: GBP1.93 million
  • Cumulative shares repurchased on London Stock Exchange: 2,192,660
  • Average cost per share on London Stock Exchange: 87.98 pence
  • Total shares held in treasury: 7.80 million
  • Percentage of outstanding shares held in treasury: 2.56%

Sources:

  • Johannesburg Stock Exchange (JSE) - Tharisa plc announcement
  • Peel Hunt LLP - Tharisa plc share repurchase program details
  • Tharisa plc - Company announcement dated August 25, 2025

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