TIDMTHS

RNS Number : 3880F

Tharisa PLC

07 July 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' 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 Conditional Awards on 30 June 2023, in accordance with the rules of the Tharisa Share Award Plan (TSAP). The vesting percentages, based on the conditions attached to the awards, were finalised on 7 July 2023.

In terms of the rules of the TSAP, 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 Conditional Awards granted on 30 June 2020

 
 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: 
                                              ZAR18.50* per            21 209 
                                              share 
                                           -----------------------  ------------ 
     d. Aggregated information:              Total                    Volume: 
                                              ZAR392 366.50            21 209 
                                           -----------------------  ------------ 
     e. Transaction date:                    6 July 2023 
                                           ------------------------------------- 
     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: 
                                              ZAR18.50* per              23 307 
                                              share 
                                           -------------------------  ------------- 
     d. Aggregated information:              Total                      Volume: 
                                              ZAR431 179.50              23 307 
                                           -------------------------  ------------- 
     e. Transaction date:                    6 July 2023 
                                           ---------------------------------------- 
     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: 
                                              ZAR18.50* per             12 679 
                                              share 
                                           ------------------------  ------------ 
     d. Aggregated information:              Total                     Volume: 
                                              ZAR234 561.50             12 679 
                                           ------------------------  ------------ 
     e. Transaction date:                    6 July 2023 
                                           -------------------------------------- 
     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: 
                                              ZAR18.50* per             3 096 
                                              share 
                                           ------------------------  ------------ 
     d. Aggregated information:              Total                     Volume: 
                                              ZAR57 276.00              3 096 
                                           ------------------------  ------------ 
     e. Transaction date:                    6 July 2023 
                                           -------------------------------------- 
     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: 
                                              ZAR18.50* per            10 510 
                                              share 
                                           -----------------------  ------------ 
     d. Aggregated information:              Total                    Volume: 
                                              ZAR194 435.00            10 510 
                                           -----------------------  ------------ 
     e. Transaction date:                    6 July 2023 
                                           ------------------------------------- 
     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: 
                                              ZAR18.50* per             8 900 
                                              share 
                                           ------------------------  ------------- 
     d. Aggregated information:              Total                     Volume: 
                                              ZAR164 650                8 900 
                                           ------------------------  ------------- 
     e. Transaction date:                    6 July 2023 
                                           --------------------------------------- 
     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 ZAR18.50 on 30 June 2023

Paphos, Cyprus

7 July 2023

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

Financial PR Contacts:

Bobby Morse / Oonagh Reidy

+44 207 466 5000

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).

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