Tharisa announces $5m share repurchase program

Tharisa plc (JSE: THA) announced a general share repurchase program of up to US$5 million following shareholder approval at its Annual General Meeting on February 19, 2025. The company aims to repurchase ordinary shares on the Johannesburg and London stock exchanges, managed by Peel Hunt LLP. The Board believes the company's shares are undervalued due to global economic headwinds, believing the company's underlying fundamentals are sound. The repurchase program will run from June 2, 2025, until the earliest of February 18, 2026, the exhaustion of the US$5 million allocation, or company instruction. The price for repurchased shares will adhere to Johannesburg Stock Exchange regulations, and full details of all transactions will be disclosed via SENS/RNS announcements.