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Fri 9 Oct 2026
Close: 2 698c 
Day's move: 47c (1.77%)
Volume: 270
Trades: 7
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Tharisa - board and leadership changes
Tharisa announced Board succession and executive leadership changes effective from 1 October 2026. The changes conclude a structured succession process, further establish independent leadership of the Board and bolster the executive team for the Group’s next phase of growth.
Highlights
- Loucas Pouroulis, founder and Executive Chairman, will step down from the Board on 30 September 2026 and be conferred the title of Founding Chairman Emeritus.
- Carol Bell, Lead Independent Director, will be appointed Independent Non-executive Chairman of the Board with effect from 1 October 2026.
- David Salter, independent non-executive director, will take on the role of Deputy Chairman.
- Michelle Taylor, Chief Operating Officer, will be appointed Chief Corporate and Commercial Officer with effect from 1 October 2026.
- Roy Murley, currently Executive: Operations at Tharisa Minerals, will be appointed Chief Operations Officer with effect from 1 October 2026.
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Tharisa - migration of trading in shares
Tharisa plc has announced that from 1 October 2026, trading of its shares on the London Stock Exchange will migrate from the SETSqx to the SETS electronic trading service. This move aims to enhance liquidity, narrow bid-offer spreads, and broaden access for UK and international institutional investors. The migration does not affect the company's listing on the LSE or JSE, its ISIN (CY0103562118), or its share capital. Shareholders holding shares via brokers or custodians do not need to take action.
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Tharisa - bond proceeds placed in escrow
Tharisa plc has confirmed that the net proceeds of its USD300 million five-year senior secured Nordic bond, issued by its wholly owned subsidiary Arxo Finance plc, have been placed into escrow following the satisfaction of a major condition precedent. The bond, issued at 98% of principal with an 11.00% semi-annual coupon, was oversubscribed on 11 September 2026. The funds are allocated for the completion of the Karo Platinum Project in Zimbabwe, with first ore expected in Q4 2027. The proceeds will be released upon fulfilment of remaining conditions.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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