Fulfilment of conditions precedent

RNS Number : 7047N

Tharisa PLC

11 August 2017

 

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')

Tharisa announces the fulfilment of further conditions precedent to the acquisition of mining equipment and the transfer of employees from MCC Contracts (Pty) Ltd

Further to the announcement on 6 July 2017, shareholders are advised that the transaction was approved by shareholders of eXtract Group Limited, the sole shareholder of MCC Contracts (Pty) Ltd, at its general meeting on 10 August 2017.

In addition, the necessary approvals and agreements for the transaction from the senior debt providers to Tharisa Minerals (Pty) Ltd have been obtained.

The remaining conditions precedent are administrative in nature and the effective date for the transaction will be 1 October 2017.

Paphos, Cyprus

11 August 2017

JSE Sponsor

Investec Bank Limited

Investor Relations contact:

Tharisa plc

Sherilee Lakmidas

[phone]

[phone]

[e-mail]

Broker contacts:

Peel Hunt LLP (Joint Broker)

Ross Allister/ Chris Burrows

[phone]

BMO Capital Markets Limited (Joint Broker)

Jeffrey Couch/Neil Haycock/Thomas Rider

[phone]

Financial PR contacts:

Buchanan

[phone]
[e-mail]

 

END

 

 

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