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Dealings in securities by directors and company secretary of Tharisa and directors of major subsidiaries
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
(Tharisa)
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 and the vesting of Appreciation Rights
on 30 June 2018, 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 30 July 2019.
In terms of the rules of the TSAP, tax obligations arising on the vesting date 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.
Vesting and settlement of Conditional Awards granted on 30 June 2016
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:
ZAR21.00* per share 134 102
d. Aggregated information: Total Volume:
ZAR2 816 142.00 134 102
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 111 752
d. Aggregated information: Total Volume:
ZAR2 346 792.00 111 752
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 100 577
d. Aggregated information: Total Volume:
ZAR2 112 117.00 100 577
e. Transaction date: 30 July 2019
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 de Witt
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:
ZAR21.00* per share 27 919
d. Aggregated information: Total Volume:
ZAR586 299.00 27 919
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 94 766
d. Aggregated information: Total Volume:
ZAR1 990 086.00 94 766
e. Transaction date: 30 July 2019
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: Hans Jurie van Wyk
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:
ZAR21.00* per share 46 511
d. Aggregated information: Total Volume:
ZAR976 731.00 46 511
e. Transaction date: 30 July 2019
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: 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: CY0103562118
b. Nature of transaction Off-market vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR21.00* per share 37 963
d. Aggregated information: Total Volume:
ZAR797 223.00 37 963
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 26 613
d. Aggregated information: Total Volume:
ZAR558 873.00 26 613
e. Transaction date: 30 July 2019
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
Vesting and settlement of Conditional Awards granted on 30 June 2017
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:
ZAR21.00* per share 107 196
d. Aggregated information: Total Volume:
ZAR2 251 116.00 107 196
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 94 294
d. Aggregated information: Total Volume:
ZAR1 980 174.00 94 294
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 79 404
d. Aggregated information: Total Volume:
ZAR1 667 484.00 79 404
e. Transaction date: 30 July 2019
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 de Witt
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:
ZAR21.00* per share 21 940
d. Aggregated information: Total Volume:
ZAR460 740.00 21 940
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 74 472
d. Aggregated information: Total Volume:
ZAR1 563 912.00 74 472
e. Transaction date: 30 July 2019
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: Hans Jurie van Wyk
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:
ZAR21.00* per share 36 552
d. Aggregated information: Total Volume:
ZAR767 592.00 36 552
e. Transaction date: 30 July 2019
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: 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: CY0103562118
b. Nature of transaction Off-market vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR21.00* per share 29 834
d. Aggregated information: Total Volume:
ZAR626 514.00 29 834
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 8 272
d. Aggregated information: Total Volume:
ZAR173 712.00 8 272
e. Transaction date: 30 July 2019
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
Vesting and settlement of Conditional Awards granted on 30 June 2018
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:
ZAR21.00* per share 44 023
d. Aggregated information: Total Volume:
ZAR924 483.00 44 023
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 39 932
d. Aggregated information: Total Volume:
ZAR838 572.00 39 932
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 32 246
d. Aggregated information: Total Volume:
ZAR677 166.00 32 246
e. Transaction date: 30 July 2019
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 de Witt
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:
ZAR21.00* per share 9 388
d. Aggregated information: Total Volume:
ZAR197 148.00 9 388
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 31 867
d. Aggregated information: Total Volume:
ZAR669 207.00 31 867
e. Transaction date: 30 July 2019
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: Hans Jurie van Wyk
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:
ZAR21.00* per share 27 840
d. Aggregated information: Total Volume:
ZAR584 640.00 27 840
e. Transaction date: 30 July 2019
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: 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: CY0103562118
b. Nature of transaction Off-market vesting and settlement of
Conditional Awards in shares
c. Price and volume: Price: Volume:
ZAR21.00* per share 12 766
d. Aggregated information: Total Volume:
ZAR268 086.00 12 766
e. Transaction date: 30 July 2019
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:
ZAR21.00* per share 5 148
d. Aggregated information: Total Volume:
ZAR108 108.00 5 148
e. Transaction date: 30 July 2019
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 ZAR21.00 on 28 June 2019
Vesting of Appreciation Rights granted on 30 June 2017
In terms of the rules of the TSAP, participants are entitled to receive the increase in share value above the
award price, which may at the election of Tharisa be either cash or share settled. Appreciation Rights vest
in two equal annual tranches with the ability to exercise at any time up to five years from the date of the
award.
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 160 794
d. Aggregated information: Total Volume:
ZAR nil 160 794
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 141 441
d. Aggregated information: Total Volume:
ZAR nil 141 441
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 119 106
d. Aggregated information: Total Volume:
ZAR nil 119 106
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet de Witt
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 32 910
d. Aggregated information: Total Volume:
ZAR nil 32 910
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 111 708
d. Aggregated information: Total Volume:
ZAR nil 111 708
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Hans Jurie van Wyk
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 54 828
d. Aggregated information: Total Volume:
ZAR nil 54 828
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
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: CY0103562118
b. Nature of transaction Off-market vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 44 751
d. Aggregated information: Total Volume:
ZAR nil 44 751
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 12 408
d. Aggregated information: Total Volume:
ZAR nil 12 408
e. Transaction date: 30 July 2019
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
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
Vesting of Appreciation Rights granted on 30 June 2018
In terms of the rules of the TSAP, participants are entitled to receive the increase in share value above the
award price, which may at the election of Tharisa be either cash or share settled. Appreciation Rights vest
in two equal annual tranches with the ability to exercise at any time up to five years from the date of the
award.
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 66 035
d. Aggregated information: Total Volume:
ZAR nil 66 035
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 59 898
d. Aggregated information: Total Volume:
ZAR nil 59 898
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 48 369
d. Aggregated information: Total Volume:
ZAR nil 48 369
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Sanet de Witt
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 14 082
d. Aggregated information: Total Volume:
ZAR nil 14 082
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 47 801
d. Aggregated information: Total Volume:
ZAR nil 47 801
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
1. Details of director/PDMR
a. Name: Hans Jurie van Wyk
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 41 760
d. Aggregated information: Total Volume:
ZAR nil 41 760
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
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: CY0103562118
b. Nature of transaction Off-market vesting of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 19 149
d. Aggregated information: Total Volume:
ZAR nil 19 149
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
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 of Appreciation Rights
c. Price and volume: Price: Volume:
ZAR nil 7 722
d. Aggregated information: Total Volume:
ZAR nil 7 722
e. Transaction date: 30 July 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2018
Market value at date of award: ZAR17.96 per share
Nature of interest: Direct, beneficial
Vesting date, subject to performance 30 June 2019
conditions determined on 30 July 2019:
Vesting transaction date: 30 July 2019
Clearance to deal: Yes
Paphos, Cyprus
31 July 2019
JSE Sponsor
Investec Bank Limited
Investor relations contacts:
Daniel Thöle/Ilja Graulich
+27 61 400 2939/+27 83 604 0820
Financial PR contacts:
Bobby Morse / Augustine Chipungu
+44(0) 20 7466 5000
tharisa@buchanan.uk.com
Broker contacts:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / James Bavister / David McKeown
+44 207 7418 8900
BMO Capital Markets Limited (UK Joint Broker)
Jeffrey Couch / Thomas Rider
+44 020 7236 1010
Berenberg (UK Joint Broker)
Matthew Armitt / Detlir Elezi
+44 20 3207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Shabbir Norath
+27 11 295 6575
Date: 31/07/2019 03:00:00
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