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THS Tharisa Plc

58.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tharisa Plc LSE:THS London Ordinary Share CY0103562118 ORD USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 58.00 57.00 59.00 58.00 58.00 58.00 5,097 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 649.89M 82.24M 0.2743 2.52 206.86M

Tharisa PLC Result of AGM and dividend conversion rate/timing (5093B)

11/01/2018 7:00am

UK Regulatory


Tharisa (LSE:THS)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMTHS

RNS Number : 5093B

Tharisa PLC

11 January 2018

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')

Results of Annual General Meeting and dividend conversion rates and timetable

Shareholders are advised that all the resolutions tabled at the Annual General Meeting of shareholders held on Wednesday, 10 January 2018 (in terms of the notice dispatched on Tuesday,

12 December 2017), were passed by the requisite majority. A poll was conducted on each resolution.

Details of the results of voting at the Annual General Meeting are as follows:

Total number of shares in issue on 10 January 2018: 261 000 000

Total number of shares entitled to vote at the Annual General Meeting: 260 191 020

 
 Resolution                     For         Against     Total shares    Abstained 
                                                          voted in 
                                                           person 
                                                         or by proxy 
-------------------------  ------------  ------------  -------------  ------------ 
                              Shares        Shares         Shares        Shares 
------------------------- 
                            % of shares   % of shares   % of shares    % of shares 
                               voted         voted        entitled       entitled 
                                                           to vote       to vote 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          200 817                     200 817 
  1:                            775            -             775          1 000 
 Adoption of 
  Annual Financial 
  Statements                   100%           0%           77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          200 195                     200 817 
  2:                            786         621 989          775          1 000 
 Appointment 
  of Ernst & Young 
  as external 
  auditors                    99.69%         0.31%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          200 817                     200 817 
  3.1:                          775            -             775          1 000 
 Election of 
  Joanna Cheng 
  as a non-executive 
  director                     100%           0%           77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          195 838                     200 817 
  3.2:                          262        4 979 513         775          1 000 
 Election of 
  Roger Davey 
  as a non-executive 
  director                    97.52%         2.48%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          159 643       41 174        200 817 
  4:                            545           230            775          1 000 
 Placement of 
  authorised but 
  unissued shares 
  under the directors' 
  control                     79.50%        20.50%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          159 643       41 174        200 817 
  5:                            545           230            775          1 000 
 Dis-application 
  of pre-emptive 
  rights                      79.50%        20.50%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          150 667       50 150        200 817 
  6:                            429           346            775          1 000 
 General authority 
  to issue shares 
  for cash                    75.03%        24.97%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          191 219                     200 817 
  7:                            670        9 598 105         775          1 000 
 Approval of 
  the Group remuneration 
  policy                      95.22%         4.78%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Special resolution           200 817                     200 817 
  1:                            775            -             775          1 000 
 General authority 
  to repurchase 
  shares                       100%          0.00%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          200 817                     200 817 
  8:                            775            -             775          1 000 
 Dividend                      100%          0.00%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 Ordinary resolution          200 817                     200 817 
  8:                            775            -             775          1 000 
 Directors' authority 
  to implement 
  resolutions                  100%          0.00%         77.18%          0% 
-------------------------  ------------  ------------  -------------  ------------ 
 

Dividend currency conversion rates and timetable

The final dividend of US$ 5 cents per share having been approved by shareholders, Tharisa advises as follows:

Shareholders on the principal Cyprus register will be paid in US$, shareholders whose shares are held through Central Securities Depositary Participants (CSDPs) and brokers and are traded on the JSE will be paid in South African Rand (ZAR) and holders of Depositary Interests traded on the LSE will be paid in Sterling (GBP). The dividend will be paid from income reserves.

The currency equivalents of the dividend, based on the weighted average of the South African Reserve Bank's daily rate at approximately 10:30 (UTC +2) on 30 November 2017, being the currency conversion date, are as follows:

 
                  Exchange          Dividend per share in 
                   rate              payment currency 
---------------  ----------------  ----------------------- 
 South Africa     ZAR 13.6423/US$   68.2115 South African 
  - JSE                              cents per share 
---------------  ----------------  ----------------------- 
 United Kingdom   GBP 0.7427/US$    3.7135 pence per share 
  - LSE 
---------------  ----------------  ----------------------- 
 

The timetable for payment of the dividend is as follows:

 
 Declaration and currency conversion    Thursday, 30 November 
  date                                                   2017 
 Currency conversion rates               Thursday, 11 January 
  announced                                              2018 
 Last day to trade cum-dividend           Tuesday, 30 January 
  rights on the JSE                                      2018 
 Last day to trade cum-dividend         Wednesday, 31 January 
  rights on the LSE                                      2018 
 Shares will trade ex-dividend          Wednesday, 31 January 
  rights on the JSE from                                 2018 
 Shares will trade ex-dividend           Thursday, 1 February 
  rights on the LSE from                                 2018 
 Record date for payment on                Friday, 2 February 
  both JSE and LSE                                       2018 
 Dividend payment date                 Wednesday, 14 February 
                                                         2018 
 

No dematerialisation or rematerialisation of shares within Strate will be permitted between Wednesday, 31 January 2018 and Friday, 2 February 2018, both days inclusive. No transfers between registers will be permitted between Thursday, 11 January 2018 and Friday, 2 February 2018, both days inclusive.

Tax implications of the dividend

Shareholders and Depositary Interest holders should note that information provided should not be regarded as tax advice.

South African tax residents

For tax purposes, South African shareholders are advised that the dividend constitutes a foreign dividend and that they should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend.

UK tax residents

UK tax residents are advised that the dividend constitutes a foreign dividend and that they should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend.

Cyprus tax residents

Individual Cyprus tax residents are advised that the dividend constitutes a local dividend and that they should consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment of the dividend.

Additional information required by the JSE Listing Requirements

Tharisa has a total of 261 000 000 ordinary shares in issue on 10 January 2018, of which 260 191 020 carry voting rights and are eligible to receive dividends.

Paphos, Cyprus

11 January 2018

JSE Sponsor

Investec Bank Limited

Investor Relations contact:

Tharisa plc

Sherilee Lakmidas

+27 11 996 3538

+27 79 276 2529

slakmidas@tharisa.com

Broker contacts:

Peel Hunt LLP (Joint Broker)

Ross Allister/Chris Burrows

+44 207 7418 8900

BMO Capital Markets Limited (Joint Broker)

Jeffrey Couch/Neil Haycock/Thomas Rider

+44 020 7236 1010

Financial PR contacts:

Bobby Morse/Anna Michniewicz

+44(0) 20 7466 5000

tharisa@buchanan.uk.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGBMMJTMBBBBRP

(END) Dow Jones Newswires

January 11, 2018 02:00 ET (07:00 GMT)

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