THARISA, a platinum and chrome company listed on the Johannesburg bourse, joined the main board of the London Stock Exchange on Wednesday — but is not raising funds there.Tharisa, which is tightly held, recorded three trades, with small volumes of just 690 shares changing hands at 40p per share in each of the London trades.The intention of the listing was to increase liquidity in the company’s shares, said CEO Phoevos Pouroulis.Tharisa, which is headquartered in Cyprus, operates a platinum and chrome mine next to Lonmin and Anglo American Platinum’s Rustenburg mines.The JSE, where Tharisa has a market capitalisation of R2.3bn, remains its primary listing.On the JSE, the stock shot up 13% to R9.05 per share in nine trades in which 27,476 shares swapped hands. The share has gained 81% so far in 2016.Tharisa said it was not raising funds in London through the listing, or issuing new shares. Based on the share price of R8 in Johannesburg and nearly 256-million shares in issue, Tharisa e...
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