Wrap Text
Dealings in securities by directors and Company Secretary of Tharisa and directors of major subsidiaries
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')
Dealings in securities by directors and Company Secretary of Tharisa and directors of major subsidiaries
The announcement dated 12 July 2021 regarding the vesting and settlement of Conditional Awards on
30 June 2021 refers. Shareholders are hereby advised that the Tharisa Remuneration Committee resolved
to settle the vested Conditional Awards in cash and shares, the cash portion to cover the participants’ tax
obligations resulting from the vesting and the balance owed to the participants in shares, as provided for
in the rules of the Tharisa Share Award Plan.
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements and pursuant to the
announcement released on 12 July 2021, the following information relating to the issue of shares to the
directors and Company Secretary of Tharisa and major subsidiaries, is disclosed:
Settlement of Conditional Awards granted on 30 June 2018 and vested on 30 June 2021
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 48 425
d. Aggregated information: Total Volume:
ZAR1 220 310.00 48 425
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Phoevos Pouroulis
2. Reason for notification
a. Position/status: Executive director – Chief Executive Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 43 925
d. Aggregated information: Total Volume:
ZAR1 106 910.00 43 925
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michael Gifford Jones
2. Reason for notification
a. Position/status: Executive director – Chief Finance Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 35 470
d. Aggregated information: Total Volume:
ZAR893 844.00 35 470
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet Findlay
2. Reason for notification
a. Position/status: Group Company Secretary
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 10 326
d. Aggregated information: Total Volume:
ZAR260 215.20 10 326
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michelle Louise Taylor
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 35 053
d. Aggregated information: Total Volume:
ZAR883 335.60 35 053
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Alston Bratton Smith
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 4 999
d. Aggregated information: Total Volume:
ZAR125 974.80 4 999
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Thabang Gabriel Maluke
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 14 042
d. Aggregated information: Total Volume:
ZAR353 858.40 14 042
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Marios Tavros
2. Reason for notification
a. Position/status: Executive director – Arxo Resources Limited
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 6 692
d. Aggregated information: Total Volume:
ZAR168 638.40 6 692
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
Settlement of Conditional Awards granted on 30 June 2019 and vested on 30 June 2021
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 59 680
d. Aggregated information: Total Volume:
ZAR1 503 936.00 59 680
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Phoevos Pouroulis
2. Reason for notification
a. Position/status: Executive director – Chief Executive Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 65 920
d. Aggregated information: Total Volume:
ZAR1 661 184.00 65 920
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michael Gifford Jones
2. Reason for notification
a. Position/status: Executive director – Chief Finance Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 35 963
d. Aggregated information: Total Volume:
ZAR906 267.60 35 963
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet Findlay
2. Reason for notification
a. Position/status: Group Company Secretary
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 9 407
d. Aggregated information: Total Volume:
ZAR237 056.40 9 407
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michelle Louise Taylor
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 31 931
d. Aggregated information: Total Volume:
ZAR804 661.20 31 931
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Alston Bratton Smith
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 4 554
d. Aggregated information: Total Volume:
ZAR114 760.80 4 554
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Thabang Gabriel Maluke
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 12 791
d. Aggregated information: Total Volume:
ZAR322 333.20 12 791
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Marios Tavros
2. Reason for notification
a. Position/status: Executive director – Arxo Resources Limited
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 14 029
d. Aggregated information: Total Volume:
ZAR353 530.80 14 029
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
Settlement of Conditional Awards granted on 30 June 2020 and vested on 30 June 2021
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 106 044
d. Aggregated information: Total Volume:
ZAR2 672 308.80 106 044
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Phoevos Pouroulis
2. Reason for notification
a. Position/status: Executive director – Chief Executive Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 116 538
d. Aggregated information: Total Volume:
ZAR2 936 757.60 116 538
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michael Gifford Jones
2. Reason for notification
a. Position/status: Executive director – Chief Finance Officer
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 63 397
d. Aggregated information: Total Volume:
ZAR1 597 604.40 63 397
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet Findlay
2. Reason for notification
a. Position/status: Group Company Secretary
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 15 483
d. Aggregated information: Total Volume:
ZAR390 171.60 15 483
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Michelle Louise Taylor
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 52 553
d. Aggregated information: Total Volume:
ZAR1 324 335.00 52 553
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Alston Bratton Smith
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 7 495
d. Aggregated information: Total Volume:
ZAR188 874.00 7 495
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Thabang Gabriel Maluke
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 21 052
d. Aggregated information: Total Volume:
ZAR530 510.40 21 052
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Marios Tavros
2. Reason for notification
a. Position/status: Executive director – Arxo Resources Limited
b. Amended notification/amendment: Amended notification
3. Details of issuer
a. Company name: Tharisa plc
b. LEI: 213800WW4YWMVVZIJM90
4. Details of transaction
a. Description of instrument: Ordinary shares of US$0.001
Identification code: CY0103562118
b. Nature of transaction Off-market settlement of Conditional Awards
in shares
c. Price and volume: Price: Volume:
ZAR25.20* per share 28 925
d. Aggregated information: Total Volume:
ZAR728 910.00 28 925
e. Transaction date: 3 September 2021
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Nature of interest: Direct, beneficial
Clearance to deal: Yes
* Using the closing market price of ZAR25.20 on 30 June 2021
Paphos, Cyprus
6 September 2021
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Investor relations contacts:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com
Financial PR contacts:
Bobby Morse / Augustine Chipungu / James Husband
+44 207 466 5000
tharisa@buchanan.uk.com
Broker contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / David McKeown / Alexander Allen
+44 207 7418 8900
BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Pascal Lussier Duquette / Nick Macann
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi
+44 203 207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061
About Tharisa
Tharisa is an integrated resource group incorporating mining, processing, exploration and the
beneficiation, marketing, sales and logistics of PGMs and chrome concentrates. Its principal asset is the
Tharisa Mine located in the South-Western Limb of the Bushveld complex, South Africa. The mechanised
mine has a 14-year open pit life of mine (LOM) and the ability to extend operations underground by at
least an additional 40 years. Tharisa also owns the Salene Chrome project, a development stage, low cost,
open pit asset, located in the Great Dyke in Zimbabwe. Tharisa is listed on the Johannesburg Stock
Exchange (JSE: THA) and the Main Market of the London Stock Exchange (LSE: THS).
Date: 06-09-2021 03:30:00
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