Last checked at 21 Aug 2018 07:00
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
('Tharisa')
Salene Chrome Zimbabwe (Pvt) Limited - Transaction status update
Tharisa hereby provides an update to shareholders with respect to the acquisition of a 90% shareholding in Salene Chrome Zimbabwe (Pvt) Limited at the par value thereof from Leto Settlement, a related party, (announced on 16 May 2018) and its announcement that the circular to shareholders would be mailed by 16 August 2018.
Since the original announcements were made, the parties to the agreement have continued discussions as to the optimisation of certain aspects of the transaction structure. Tharisa envisages that the successful outcome of these discussions will result in the economic benefits of the transaction to Tharisa being substantially the same. Tharisa is engaging with the Johannesburg Stock Exchange regarding the relevant regulatory requirements.
Accordingly, no circular has been mailed to shareholders thus far and a further announcement in this regard will be made as soon as practicable.
Paphos, Cyprus
21 August 2018
JSE Sponsor
Investec Bank Limited
Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
+27 79 276 2529
slakmidas@tharisa.com
Broker contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / James Bavister / David McKeown
+44 207 7418 8900
BMO Capital Markets Limited (UK Joint Broker)
Jeffrey Couch / Thomas Rider
+44 020 7236 1010
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Shabbir Norath / Reginald Demana
+2711 295 6575
Financial PR contacts:
Bobby Morse / Anna Michniewicz
+44(0) 20 7466 5000
tharisa@buchanan.uk.com