You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Tharisa eyes London listing

Primary listing to remain on the JSE.

Johannesburg-listed integrated resources company Tharisa intends to list on the Main Market of the London Stock Exchange.

The low-cost platinum group metals and chrome producer will apply for admission of 255 891 886 ordinary shares, valued at US$0.001 per share, to the standard listing segment of the Official List of the Financial Conduct Authority and to trade on the main market for listed securities of the London Stock Exchange.

“Our decision to list on the main market of the London Stock Exchange, one of Europe’s premier stock exchanges, represents an important milestone for the Company in raising our international profile and opening up access to a wider pool of investors and improving trading liquidity,” Tharisa CEO Phoevos Pouroulis, said in a SENS announcement.

The company said it does not intend to raise funds by issuing new shares in conjunction with the admission.

Tharisa expects admission to occur around June 8, 2016. A prospectus, in connection with the listing, was approved by the Cyprus Securities and Exchange Commission on June 2, 2016. The company, which operates the Tharisa Mine in the Bushveld Complex, is incorporated in Cyprus. It said it will publish its prospectus when securities are offered to the public or admitted to trading on a regulated market.

Tharisa’s primary listing will remain on the Johannesburg Stock Exchange, where its shares will continue to trade. Shares in the company or depository interests representing shares will be transferable between the Johannesburg and London bourses, it said.

VIDEOS

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

SEARCH COMPANIES
Enter company name or share code:

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Nov 2021 5.00%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Nov 2021 5.50%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Dec 2021 3.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Dec 2021 7.00%
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: