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IN BRIEF: Tharisa share price rallies after buyback plan

ALN

Tharisa PLC - Cyprus-headquartered platinum miner - Intends to buy back own shares worth up to $5 million. Says it believes that its shares are trading at a significant discount, hurt by depressed platinum group metal prices. Notes that the stock also does not reflect the strong co-product contribution from its chrome sales.

Current stock price in London: 58.80 pence, up 6.0% on Tuesday afternoon

12-month change: down 41%

Current stock price in Johannesburg: R 14.04, up 11%

12-month change: down 38%

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