Tharisa PLC Trading statement - results for FY2019 (2495U)
22 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMTHS
RNS Number : 2495U
Tharisa PLC
22 November 2019
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
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')
Trading statement - results for the year ended 30 September
2019
In terms of section 3.4(b) of the JSE Listings Requirements,
companies are required to provide guidance to the market when they
are satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ by
at least 20% from the results of the previous corresponding
reporting period.
A production update for the financial year ended 30 September
2019 was released on the JSE Stock Exchange News Service and LSE
Regulatory News Service on 9 October 2019. Operational improvements
were recorded in the second half of the year although the Company
did not attain its production guidance for the year, reporting
139.7 koz of contained PGMs and 1.29 Mt of chrome concentrates.
Tharisa is preparing its financial statements for FY 2019, with
the financial results expected to be released on or around 28
November 2019. The contributing factors to this trading statement,
which have been previously noted within the production update, are
as follows:
-- a weakening of the metallurgical grade chrome concentrate
price with the received price compared to the previous financial
year being down by 12.9% to US$162/t;
-- a pit redesign undertaken throughout the year impacting overall volumes; and
-- overall PGM production down 8.3% and a reduction of 11.0% in chrome concentrate production.
Tharisa's basic earnings per share ('EPS') and headline earnings
per share ('HEPS') for the twelve months ended 30 September 2019
are expected to be US$ 4 cents per share, with a tolerance of 10%.
This is a decrease of 79% relative to the EPS and HEPS of US$ 19
cents per share for the financial year ended 30 September 2018.
The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
auditors.
Paphos, Cyprus
22 November 2019
JSE Sponsor
Investec Bank Limited
Investor relations contacts:
Ilja Graulich (Head of Investor Relations and
Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Daniel Thöle (Investor Relations and Communications)
+27 11 996 3500
Financial PR contacts:
Bobby Morse / Augustine Chipungu
+44 020 7466 5000
tharisa@buchanan.uk.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
Berenberg (UK Joint Broker)
Matthew Armitt / Detlir Elezi
+44 20 3207 7800
Nedbank Limited (acting through its Corporate and Investment
Banking division) (RSA Broker)
Shabbir Norath
+27 11 295 6575
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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November 22, 2019 02:00 ET (07:00 GMT)
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