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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
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, Tharisa hereby advises
shareholders of the vesting and settlement of Conditional Awards and the vesting of Appreciation Rights
on 30 June 2020, in accordance with the rules of the Tharisa Share Award Plan (TSAP). The vesting
percentages, based on the conditions attached to the awards, were finalised on 21 July 2020.
In terms of the rules of the TSAP, tax obligations arising on the vesting date are for the account of the
participant and provision is made for the sale of sufficient shares in the open market to fund the tax
obligations, if required.
Vesting and settlement of Conditional Awards granted on 30 June 2017
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 107 196
d. Aggregated information: Total Volume:
ZAR1 339 950.00 107 196
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 94 294
d. Aggregated information: Total Volume:
ZAR1 178 675.00 94 294
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 79 404
d. Aggregated information: Total Volume:
ZAR992 550.00 79 404
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 21 940
d. Aggregated information: Total Volume:
ZAR274 250.00 21 940
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 74 472
d. Aggregated information: Total Volume:
ZAR930 900.00 74 472
e. Transaction date: 21 July 2020
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: Hans Jurie van Wyk
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 36 552
d. Aggregated information: Total Volume:
ZAR456 900.00 36 552
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 29 834
d. Aggregated information: Total Volume:
ZAR372 925.00 29 834
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 8 272
d. Aggregated information: Total Volume:
ZAR103 400.00 8 272
e. Transaction date: 21 July 2020
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
Vesting and settlement of Conditional Awards granted on 30 June 2018
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 29 346
d. Aggregated information: Total Volume:
ZAR366 825.00 29 346
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 26 619
d. Aggregated information: Total Volume:
ZAR332 737.50 26 619
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 21 495
d. Aggregated information: Total Volume:
ZAR268 687.50 21 495
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 6 258
d. Aggregated information: Total Volume:
ZAR78 225.00 6 258
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 21 243
d. Aggregated information: Total Volume:
ZAR265 537.50 21 243
e. Transaction date: 21 July 2020
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: Hans Jurie van Wyk
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 18 558
d. Aggregated information: Total Volume:
ZAR231 975.00 18 558
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 8 510
d. Aggregated information: Total Volume:
ZAR106 375.00 8 510
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 3 432
d. Aggregated information: Total Volume:
ZAR42 900.00 3 432
e. Transaction date: 21 July 2020
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
Vesting and settlement of Conditional Awards granted on 30 June 2019
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 36 166
d. Aggregated information: Total Volume:
ZAR452 075.00 36 166
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 39 948
d. Aggregated information: Total Volume:
ZAR499 350.00 39 948
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 21 794
d. Aggregated information: Total Volume:
ZAR272 425.00 21 794
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 5 701
d. Aggregated information: Total Volume:
ZAR71 262.50 5 701
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 19 351
d. Aggregated information: Total Volume:
ZAR241 887.50 19 351
e. Transaction date: 21 July 2020
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: Hans Jurie van Wyk
2. Reason for notification
a. Position/status: Executive director - Tharisa Minerals (Pty) Ltd
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 16 391
d. Aggregated information: Total Volume:
ZAR204 887.50 16 391
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 7 752
d. Aggregated information: Total Volume:
ZAR96 900.00 7 752
e. Transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR12.50* per share 7 193
d. Aggregated information: Total Volume:
ZAR89 912.50 7 193
e. Transaction date: 21 July 2020
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 ZAR12.50 on 30 June 2020
Vesting and settlement of Conditional Awards granted on 10 July 2020
These awards vested on 20 July 2020 and the vesting percentages, based on the conditions attached to
the awards, were finalised on 21 July 2020.
1. Details of director/PDMR
a. Name: Marios Tavros
2. Reason for notification
a. Position/status: Executive director – Arxo Resources Limited
b. Initial notification/amendment: Initial 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 vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR13.60# per share 282 574
d. Aggregated information: Total Volume:
ZAR3 843 006.40 282 574
e. Transaction date: 21 July 2020
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 ZAR13.60 on 20 July 2020
Vesting of Appreciation Rights granted on 30 June 2018
In terms of the rules of the TSAP, participants are entitled to receive the increase in share value above the
award price, which may at the election of Tharisa be either cash or share settled. Appreciation Rights vest
in two equal annual tranches with the ability to exercise at any time up to five years from the date of the
award.
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 44 019
d. Aggregated information: Total Volume:
ZAR nil 44 019
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 39 928
d. Aggregated information: Total Volume:
ZAR nil 39 928
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 32 243
d. Aggregated information: Total Volume:
ZAR nil 32 243
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet Findlay
2. Reason for notification
a. Position/status: Group Company Secretary
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 9 387
d. Aggregated information: Total Volume:
ZAR nil 9 387
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 31 864
d. Aggregated information: Total Volume:
ZAR nil 31 864
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Hans Jurie van Wyk
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 27 837
d. Aggregated information: Total Volume:
ZAR nil 27 837
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 12 765
d. Aggregated information: Total Volume:
ZAR nil 12 765
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 5 147
d. Aggregated information: Total Volume:
ZAR nil 5 147
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
Vesting of Appreciation Rights granted on 30 June 2019
In terms of the rules of the TSAP, participants are entitled to receive the increase in share value above the
award price, which may at the election of Tharisa be either cash or share settled. Appreciation Rights vest
in two equal annual tranches with the ability to exercise at any time up to five years from the date of the
award.
1. Details of director/PDMR
a. Name: Loucas Pouroulis
2. Reason for notification
a. Position/status: Executive Chairman
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 54 250
d. Aggregated information: Total Volume:
ZAR nil 54 250
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 59 922
d. Aggregated information: Total Volume:
ZAR nil 59 922
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 32 691
d. Aggregated information: Total Volume:
ZAR nil 32 691
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet Findlay
2. Reason for notification
a. Position/status: Group Company Secretary
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 8 551
d. Aggregated information: Total Volume:
ZAR nil 8 551
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 29 026
d. Aggregated information: Total Volume:
ZAR nil 29 026
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Hans Jurie van Wyk
2. Reason for notification
a. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
b. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 24 587
d. Aggregated information: Total Volume:
ZAR nil 24 587
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 11 628
d. Aggregated information: Total Volume:
ZAR nil 11 628
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
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. Initial notification/amendment: Initial 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 vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 10 790
d. Aggregated information: Total Volume:
ZAR nil 10 790
e. Transaction date: 21 July 2020
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2019
Market value at date of award: ZAR20.08 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2020
conditions determined on 21 July 2020:
Vesting transaction date: 21 July 2020
Clearance to deal: Yes
Paphos, Cyprus
22 July 2020
JSE Sponsor
Investec Bank Limited
Connect with us on LinkedIn and Twitter to get further news and updates about our business.
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 / Neil Elliot / Michael Rechsteiner
+44 207 236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Detlir Elezi
+44 203 207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Shabbir Norath
+27 11 295 6575
Date: 22-07-2020 02:30:00
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