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THARISA PLC - Dealings in securities by directors, company secretary and persons discharging managerial responsibility of Tharisa

Release Date: 09/06/2022 09:00
Code(s): THA     PDF:  
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Dealings in securities by directors, company secretary and persons discharging managerial responsibility of Tharisa

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:                   Volume:
                                                ZAR2 368 737.00          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 8TH
            Identification code:                     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 11PM
              Identification code:                   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

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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 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).

Date: 09-06-2022 09:00:00
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