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THARISA PLC - Change of Independent External Auditors FY2024

Release Date: 23/01/2024 07:10
Code(s): THA     PDF:  
Wrap Text
Change of Independent External Auditors – FY2024

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
('Tharisa' or the 'Company')


In compliance with Section 3.75 of the Listings Requirements of the JSE Limited, the Board of Directors of
Tharisa ("the Board") hereby announces that the Audit Committee has recommended, and the Board has
endorsed, the proposed appointment of BDO Limited, incorporated in Cyprus ("BDO Cyprus"), with
Terence Kiely being the designated audit partner, as external auditors of Tharisa for the financial
year ending 30 September 2024. The appointment of BDO Cyprus will be put to shareholders of
Tharisa at the Annual General Meeting scheduled for 21 February 2024.

The Company's incumbent external auditors, Ernst & Young Cyprus Limited ("EY Cyprus") have served
as external auditors for six years and the designated registered auditor, Stavros Pantzaris, notified
Tharisa that he was resigning as Executive Chairman of EY and as audit partner on the Tharisa
account with effect from 31 December 2023. BDO Cyprus had been appointed as the external
auditors of the Karo Mining Holdings plc and its subsidiaries effective from the financial year ended
30 September 2022 and the Board is of the opinion that consolidation of the external auditors
across the Tharisa group would streamline the audit process going forward.

The Board thanks EY Cyprus for their diligence, commitment to excellence, attention to detail and
professionalism, which have contributed to Tharisa's financial integrity and transparency over the past
six years.

Paphos, Cyprus
23 January 2024

JSE Sponsor
Investec Bank Limited

Connect with us on LinkedIn to get further news and updates about our business.
Investor Relations Contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820

Broker Contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / Georgia Langoulant
+44 207 418 8900

BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Nick Macann
+44 207 236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Lee / Detlir Elezi
+44 203 207 7800

About Tharisa
Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies.
It incorporates exploration, mining, processing and the beneficiation, marketing, sales, and logistics of
PGMs and chrome concentrates, using innovation and technology as enablers. Its principal operating asset
is the Tharisa Mine, located in the south-western limb of the Bushveld Complex, South Africa. The mine
has a 13-year open pit life and is strategically advancing the vast mechanised underground resource which
extends for over 60 years. Tharisa is developing the Karo Platinum Project, a low-cost, open-pit PGM asset
located on the Great Dyke in Zimbabwe. The Company is committed to reducing its carbon emissions by
30% by 2030 and the development of a roadmap to become net carbon neutral by 2050. As part of this
energy transition, the 40 MW solar project adjacent to the Tharisa Mine is well advanced. Redox One is
accelerating the development of a proprietary iron chromium redox flow long duration battery utilising
the commodities we mine. Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the
Main Board of the London Stock Exchange (LSE: THS).

Date: 23-01-2024 07:10:00
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