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THARISA PLC - Dealings in securities by a director of a major subsidiary

Release Date: 15/02/2021 11:00
Code(s): THA     PDF:  
Wrap Text
Dealings in securities by a director of a major subsidiary

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 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 by a director of a major subsidiary, is disclosed:


On-market sale of shares on 10 February 2021

 Total number of shares sold in the market:             50 000
 Lowest traded price per share:                         ZAR25.30
 Weighted average price per share:                      ZAR25.388
 Highest traded price per share:                        ZAR25.45


   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                     On-market sale of shares
        c.    Weighted average price and volume:        Price:                     Volume:
                                                        ZAR25.388                  50 000
        d.    Aggregated information:                   Total                      Volume:
                                                        ZAR1 269 400.00            50 000
        e.   Transaction date:                          10 February 2021
        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



On-market sale of shares on 11 February 2021

   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                    On-market sale of shares
      c.   Price and volume:                        Price:                     Volume:
                                                    ZAR26.00                   20 000
      d.   Aggregated information:                  Total                      Volume:
                                                    ZAR520 000.00              20 000
      e.   Transaction date:                        11 February 2021
      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

Exercise of Appreciation Rights granted on 30 June 2017, 30 June 2018 and 30 June 2019

Shareholders are hereby advised of the exercise of 36 067 vested Appreciation Rights and the conversion
thereof to 10 359 ordinary shares.


  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 exercise of Appreciation Rights and
                                                     conversion to ordinary shares
      c.   Exercise price and volume:                Price:                    Volume:
                                                     ZAR25.88                  10 359
      d.   Aggregated information:                   Total                     Volume:
                                                     ZAR268 090.92             10 359
      e.   Transaction date:                         12 February 2021
      f.   Place of transaction:                     N/A


 Information disclosed in accordance with the JSE Listings Requirements
 Nature of interest:                                 Direct, beneficial
 Clearance to deal:                                  Yes


Paphos, Cyprus

15 February 2021

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 / Augustine Chipungu / 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 Wyllie / 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 incorporating mining, processing, exploration and the beneficiation,
marketing, sales and logistics of PGMs and chrome concentrates. Its principle asset is the Tharisa Mine
located in the South-Western Limb of the Bushveld complex, South Africa. The open pit, mechanised mine
has a 14-year open pit life of mine (LOM) and the ability to extend operations underground by at least 40
years. Tharisa is listed on the Johannesburg Stock Exchange (JSE: THA) and the Main Market of the London
Stock Exchange (LSE: THS).

Date: 15-02-2021 11:00:00
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