REG - Tharisa PLC - Dealings by directors and company secretary

TharisaAnnouncement

29/06/2023 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230629:nRSc3810Ea&default-theme=true

RNS Number : 3810E  Tharisa PLC  29 June 2023

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 plc' or the 'Company')

 

Dealings in securities by directors and company secretary of Tharisa and major
subsidiary

 

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements,
the following information relating to dealings in securities attributable to
the directors and company secretary of Tharisa and a major subsidiary, is
disclosed:

 

Exercise of Appreciation Rights granted on 30 June 2018 (Expiration date 30
June 2023)

In terms of the rules of the Tharisa Share Award Plan, participants are
entitled to receive such number of Tharisa shares equal to the increase in the
market value (being the 30 day volume weighted average share price) of such
shares between the date of grant and the date of exercise of vested
Appreciation Rights, which may at the election of Tharisa be either cash or
share settled. The following directors and/or officers have elected to
exercise vested Appreciation Rights, which Tharisa elected to settle from
treasury shares already in issue. Tax obligations arising as a consequence of
Appreciation Rights being exercised 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.

 

 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

CY0103562118
 Identification code:
 b.    Nature of transaction               Off-market exercise and settlement of vested Appreciation Rights
 c.     Price and volume:                  Price:                             Volume:

ZAR19.05(#)
14 290
 d.    Aggregated information:             Total:                             Volume:

ZAR272 224.50
14 290
 e.    Transaction date:                   26 June 2023
 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
 Vesting date:                             30 June 2019 and 30 June 2020
 Number of Appreciation Rights exercised:  110 054
 Number of securities issued:              14 290
 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:                    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

CY0103562118
 Identification code:
 b.    Nature of transaction               Off-market exercise and settlement of vested Appreciation Rights
 c.     Price and volume:                  Price:                             Volume:

ZAR19.05(#)
12 962
 d.    Aggregated information:             Total:                             Volume:

ZAR246 926.10
12 962
 e.    Transaction date:                   26 June 2023
 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
 Vesting date:                             30 June 2019 and 30 June 2020
 Number of Appreciation Rights exercised:  99 826
 Number of securities issued:              12 962
 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:                    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

CY0103562118
 Identification code:
 b.    Nature of transaction               Off-market exercise and settlement of vested Appreciation Rights
 c.     Price and volume:                  Price:                             Volume:

ZAR19.05(#)
10 467
 d.    Aggregated information:             Total:                             Volume:

ZAR199 396.35
10 467
 e.    Transaction date:                   26 June 2023
 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
 Vesting date:                             30 June 2019 and 30 June 2020
 Number of Appreciation Rights exercised:  80 612
 Number of securities issued:              10 467
 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

CY0103562118
 Identification code:
 b.    Nature of transaction               Off-market exercise and settlement of vested Appreciation Rights
 c.     Price and volume:                  Price:                             Volume:

ZAR19.05(#)
3 047
 d.    Aggregated information:             Total:                             Volume:

ZAR58 045.35
3 047
 e.    Transaction date:                   26 June 2023
 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
 Vesting date:                             30 June 2019 and 30 June 2020
 Number of Appreciation Rights exercised:  23 469
 Number of securities issued:              3 047
 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

CY0103562118
 Identification code:
 b.    Nature of transaction               Off-market exercise and settlement of vested Appreciation Rights
 c.     Price and volume:                  Price:                             Volume:

ZAR19.05(#)
10 344
 d.    Aggregated information:             Total:                             Volume:

ZAR197 053.20
10 344
 e.    Transaction date:                   26 June 2023
 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
 Vesting date:                             30 June 2019 and 30 June 2020
 Number of Appreciation Rights exercised:  79 665
 Number of securities issued:              10 344
 Nature of interest:                       Direct, beneficial
 Clearance to deal:                        Yes

 

# Market price on exercise date - Using the price at close of business on 23
June 2023

Paphos, Cyprus

29 June 2023

 

JSE Sponsor

Investec Bank Limited

Connect with us on LinkedIn
(https://protect-za.mimecast.com/s/Hc4jCJZK7oIYv07fVi1n3?domain=linkedin.com)
and Twitter
(https://protect-za.mimecast.com/s/hll5CKO75pfnN3jUvSAEZ?domain=twitter.com)
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 (mailto:igraulich@tharisa.com)

 

Financial PR Contacts:

Bobby Morse / Oonagh Reidy

+44 207 466 5000

tharisa@buchanan.uk.com (mailto:tharisa@buchanan.uk.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

 

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 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 Tharisa Mine, located in the south-western limb of the
Bushveld Complex, South Africa. The mechanised mine has an 18 year pit life
and can extend operations underground by at least 40 years. Tharisa also owns
Karo Mining Holdings a low-cost, open-pit PGM asset under construction and
located on the Great Dyke in Zimbabwe. The Company is committed to reducing
its carbon emissions by 30% by 2030 and the development of a roadmap is
continuing to be net carbon neutral by 2050. Tharisa plc is listed on the
Johannesburg Stock Exchange (JSE: THA) and the Main Board of the London Stock
Exchange (LSE: THS).

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHKKLBLXQLBBBE