REG - Tharisa PLC - Director/PDMR Shareholding

TharisaAnnouncement

09/06/2022 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220609:nRSI2070Oa&default-theme=true

RNS Number : 2070O  Tharisa PLC  09 June 2022

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, company secretary and persons discharging
managerial responsibility (PMDRs) 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 2017 (Expiration date 30
June 2022)

In terms of the rules of the TSAP, 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:

ZAR27.00(#)
118 437
 d.    Aggregated information:             Total:                             Volume:

ZAR3 197 799.00
118 437
 e.    Transaction date:                   7 June 2022
 f.     Place of transaction:              Johannesburg Stock Exchange
 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  321 588
 Number of securities issued:              118 437
 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:

ZAR27.00(#)
104 182
 d.    Aggregated information:             Total:                             Volume:

ZAR2 812 914.00
104 182
 e.    Transaction date:                   7 June 2022
 f.     Place of transaction:              Johannesburg Stock Exchange
 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  282 882
 Number of securities issued:              104 182
 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:

ZAR27.00(#)
87 731
 d.    Aggregated information:             Total: ZAR2 368 737.00             Volume:

87 731
 e.    Transaction date:                   7 June 2022
 f.     Place of transaction:              Johannesburg Stock Exchange
 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  238 212
 Number of securities issued:              87 731
 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:

ZAR27.00(#)
24 241
 d.    Aggregated information:             Total:                             Volume:

ZAR654 507.00
24 241
 e.    Transaction date:                   7 June 2022
 f.     Place of transaction:              Johannesburg Stock Exchange
 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  65 820
 Number of securities issued:              24 241
 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:

ZAR27.00(#)
82 281
 d.    Aggregated information:             Total:                             Volume:

ZAR2 221 587.00
82 281
 e.    Transaction date:                   7 June 2022
 f.     Place of transaction:              Johannesburg Stock Exchange
 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  223 416
 Number of securities issued:              82 281
 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.     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 8(TH) CY0103562118

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

ZAR27.00(#)
11 736
 d.     Aggregated information:            Total:                             Volume:

ZAR316 872.00
11 736
 e.     Transaction date:                  7 June 2022
 f.      Place of transaction:             Johannesburg Stock Exchange

 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  31 866
 Number of securities issued:              11 736
 Nature of interest:                       Direct, beneficial
 Clearance to deal:                        Yes

 

# Market price on exercise date - Using the price at close of business on 6
June 2022

 

 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 11PM CY0103562118

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

ZAR26.53^
32 963
 d.     Aggregated information:            Total:                             Volume:

ZAR874 508.39
32 963
 e.     Transaction date:                  8 June 2022
 f.      Place of transaction:             Johannesburg Stock Exchange

 Information disclosed in accordance with the JSE Listings Requirements
 Date of award:                            30 June 2017
 Market value at date of award:            ZAR17.53 per share
 Vesting date:                             30 June 2018 and 30 June 2019
 Number of Appreciation Rights exercised:  89 502
 Number of securities issued:              32 963
 Nature of interest:                       Direct, beneficial
 Clearance to deal:                        Yes

 

^ Market price on exercise date - Using the price at close of business on 7
June 2022

Paphos, Cyprus

9 June 2022

 

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 PRcontacts:

Bobby Morse / Ariadna Peretz / James Husband

+44 207 466 5000

tharisa@buchanan.uk.com (mailto: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 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 mining, processing, exploration,
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 a 20-year open-pit
life and the ability to extend operations underground by at least an
additional 40 years. Tharisa also owns Karo Mining Holdings and Salene Chrome,
development stage, low-cost, open-pit PGM and chrome assets respectively,
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  DSHDZGGVDRKGZZM