REG - Tharisa PLC - Amendment to initial notification of vesting

TharisaAnnouncement

25/02/2025 07:00

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RNS Number : 2497Y  Tharisa PLC  25 February 2025

 

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')

 

Dealing in securities by director of a major subsidiary

 

Further to the announcement released on 11 December 2024 regarding the vesting
and settlement of the 2021 Award on 6 December 2024, Tharisa advises that the
below participant had subsequently elected for the Company to settle his tax
liability, thereby reducing the number of shares being equity settled from
66 110 shares as announced on 11 December 2024, to 47 599 shares as detailed
below.

 

Update to vesting and settlement of LTIPs granted on 8 December 2021

 

 

 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:       Amendment to 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:

                                               ZAR16.12* per share                47 599
 d.      Aggregated information:               Total                              Volume:

                                               ZAR767 295.88                      47 599
 e.      Transaction date:                     6 December 2024
 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 ZAR16.12 on 6 December 2024

 

Paphos, Cyprus

25 February 2025

 

 

JSE Sponsor

Investec Bank Limited

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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 (mailto:igraulich@tharisa.com)

 

Broker Contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / Georgia Langoulant

+44 207 7418 8900

 

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Nick Macann

+44 207 236 1010

 

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Lee / Detlir Elezi

+44 203 207 7800

 

About Tharisa

Tharisa is an integrated resource group critical to the energy transition and
decarbonisation of economies. It incorporates exploration, mining, processing
and the beneficiation, marketing, sales and logistics of PGMs and chrome
concentrates, using innovation and technology as enablers. Its principal
operating asset is the multi-generational Tharisa Mine, located in the
south-western limb of the Bushveld Complex, South Africa. Tharisa is also
developing the Karo Platinum Project, a low-cost, open-pit PGM asset located
on the Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation
in the form of chrome and PGM alloys. A 15-year Power Purchase Agreement with
Etana for the procurement of wheeled renewable energy and a 40 MW solar
project under construction will ensure that Tharisa Minerals' drive to reduce
its carbon footprint by 30% by 2030 is well within reach, forming a major part
of a roadmap to become net carbon neutral by 2050. Redox One is accelerating
the development of a proprietary iron chromium redox flow long-duration
battery utilising the commodities we mine. Tharisa plc is listed on the
Johannesburg Stock Exchange (JSE: THA) and the Main Board of the London Stock
Exchange (LSE: THS).

 

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