Tharisa PLC Director/PDMR Shareholding (2070O)
09 June 2022 - 5:00PM
UK Regulatory
TIDMTHS
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
Identification code: CY0103562118
-------------------------------------
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
Identification code: CY0103562118
-------------------------------------
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
Identification code: CY0103562118
-------------------------------------
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 Volume:
737.00 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
Identification code: CY0103562118
-------------------------------------
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
Identification code: CY0103562118
-------------------------------------
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
Identification code: 8(TH) CY0103562118
-------------------------------------
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
Identification code: 11PM CY0103562118
-------------------------------------
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 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 PRcontacts:
Bobby Morse / Ariadna Peretz / 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 / 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).
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