REG - Tharisa PLC - Dealings in securities by directors and PDMRs

TharisaAnnouncement

22/01/2026 13:00

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RNS Number : 0020Q  Tharisa PLC  22 January 2026

 

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 the 2022
Award on 16 January 2026, in accordance with the rules of the Tharisa plc
Long-Term Incentive Plan ('LTIP').

 

In terms of the rules of the LTIP, tax obligations arising on the vesting date
are for the account of the participant and a decision has been taken to settle
the tax liability of participants in cash, with the net balance being equity
settled.

 

 

Vesting and settlement of LTIPs granted on 16 January 2022

 

 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:

                                               ZAR26.81* per share                385 372
 d.      Aggregated information:               Total                              Volume:

                                               ZAR10 331 823.32                   385 372
 e.      Transaction date:                     16 January 2026
 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:

                                               ZAR26.81* per share                422 495
 d.      Aggregated information:               Total                              Volume:

                                               ZAR11 327 090.95                   422 495
 e.      Transaction date:                     16 January 2026
 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:

                                               ZAR26.81* per share                230 409
 d.      Aggregated information:               Total                              Volume:

                                               ZAR6 177 265.29                    230 409
 e.      Transaction date:                     16 January 2026
 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:

                                               ZAR26.81* per share                33 550
 d.      Aggregated information:               Total                              Volume:

                                               ZAR899 475.50                      33 550
 e.      Transaction date:                     16 January 2026
 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:

                                               ZAR26.81* per share                207 974
 d.      Aggregated information:               Total                              Volume:

                                               ZAR5 575 782.94                    207 974
 e.      Transaction date:                     16 January 2026
 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:                                 Roy Murley
 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:

                                               ZAR26.81* per share                174 113
 d.      Aggregated information:               Total                              Volume:

                                               ZAR4 667 969.53                    174 113
 e.      Transaction date:                     16 January 2026
 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:                                 Kieron Liam Johnstone
 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:

                                               ZAR26.81* per share                32 699
 d.      Aggregated information:               Total                              Volume:

                                               ZAR876 660.19                      32 699
 e.      Transaction date:                     16 January 2026
 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:                                 Evangeline Seraphina Asaram
 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:

                                               ZAR26.81* per share                32 451
 d.      Aggregated information:               Total                              Volume:

                                               ZAR870 011.31                      32 451
 e.      Transaction date:                     16 January 2026
 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:

                                               ZAR26.81* per share                65 442
 d.      Aggregated information:               Total                              Volume:

                                               ZAR1 754 500.02                    65 442
 e.      Transaction date:                     16 January 2026
 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 ZAR26.81 on 16 January 2026

 

 

 

 

 

Dealings in securities by a director of a 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 is disclosed:

 

 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                   On-market sale of shares
 c.      Price and volume:                      Price:                    Volume:

 Lowest traded price per share: ZAR26.50        ZAR26.5061                30 000

 Weighted average price per share: ZAR26.5061

 Highest traded price per share ZAR26.90
 d.     Aggregated information:                 Total                     30 000

                                                ZAR795 183.00
 e.     Transaction date:                       21 January 2026
 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 donation of shares
 c.      Price and volume:                   Price:                    Volume:

                                             ZAR26.50                  20 000
 d.     Aggregated information:              Total                     20 000

                                             ZAR530 000.00
 e.     Transaction date:                    21 January 2026
 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

 

 

Paphos, Cyprus

22 January 2026

 

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

+44 207 418 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 - delivering on expansion and growth opportunities,
commercialising technology solutions

Tharisa is an integrated resource group playing a pivotal role in the global
energy transition and the decarbonisation of economies. Leveraging innovation
and technology, Tharisa covers the entire value chain - exploration, mining,
processing, beneficiation, marketing, sales, and logistics - for PGMs and
chrome concentrates. The low cost, multigenerational Tharisa Mine is located
on the southwestern limb of the Bushveld Complex, South Africa, the largest
source of PGMs and chrome globally. Development of the Karo Platinum Project,
a tier-one PGM project on Zimbabwe's Great Dyke, further reinforces Tharisa's
growth strategy. Investments in downstream beneficiation, including proven
chrome and PGM alloy production, will add significant value when
commercialised. Tharisa is committed to reducing carbon emissions by 30% by
2030 and the sustainability roadmap targets net carbon neutrality by 2050.
Through Redox One, Tharisa is advancing proprietary iron-chromium redox flow
battery technology, utilising the very commodities it mines to support
long-duration energy storage - a key component in the transition to renewable
energy.

Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and the
London Stock Exchange (LSE: THS, Equity Shares (Transition) Category).

 

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