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Dealings in securities by directors, company secretary and persons discharging managerial responsibility
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, company secretary and persons discharging managerial
responsibility (PDMRs) of Tharisa and major subsidiaries
Shareholders are hereby advised of the sale of shares in the open market by the administrator of the
Tharisa Share Award Plan (TSAP), on behalf of the following participants of the TSAP, to cover the tax
obligations resulting from the vesting and settlement of the Conditional Awards on 30 June 2019, as
provided for in the rules of the TSAP.
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements and pursuant to the
announcement released on 31 July 2019, the following information relating to dealings in securities
attributable to the directors and company secretary of Tharisa and major subsidiaries, is disclosed:
Sale of shares to cover tax obligations relating to the 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 60 591
d. Aggregated information: Total Volume:
ZAR 1 317 854.25 60 591
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 50 492
d. Aggregated information: Total Volume:
ZAR 1 098 201.00 50 492
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 45 443
d. Aggregated information: Total Volume:
ZAR 988 385.25 45 443
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 12 615
d. Aggregated information: Total Volume:
ZAR 274 376.25 12 615
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 41 174
d. Aggregated information: Total Volume:
ZAR 895 534.50 41 174
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 20 209
d. Aggregated information: Total Volume:
ZAR 439 545.75 20 209
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 17 153
d. Aggregated information: Total Volume:
ZAR 373 077.75 17 153
e. Transaction date: 4 September 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
Sale of shares to cover tax obligations relating to the 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 48 434
d. Aggregated information: Total Volume:
ZAR 1 053 439.50 48 434
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 42 605
d. Aggregated information: Total Volume:
ZAR 926 658.75 42 605
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 35 877
d. Aggregated information: Total Volume:
ZAR 780 324.75 35 877
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 9 913
d. Aggregated information: Total Volume:
ZAR 215 607.75 9 913
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 32 357
d. Aggregated information: Total Volume:
ZAR 703 764.75 32 357
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 15 882
d. Aggregated information: Total Volume:
ZAR 345 433.50 15 882
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 13 480
d. Aggregated information: Total Volume:
ZAR 293 190.00 13 480
e. Transaction date: 4 September 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
Sale of shares to cover tax obligations relating to the 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 19 891
d. Aggregated information: Total Volume:
ZAR 432 629.25 19 891
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 18 043
d. Aggregated information: Total Volume:
ZAR 392 435.25 18 043
e. Transaction date: 4 September 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: 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 14 570
d. Aggregated information: Total Volume:
ZAR 316 897.50 14 570
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 4 242
d. Aggregated information: Total Volume:
ZAR 92 263.50 4 242
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 13 846
d. Aggregated information: Total Volume:
ZAR 301 150.50 13 846
e. Transaction date: 4 September 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
b. Position/status: Executive director – Tharisa Minerals (Pty) Ltd
c. 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:
ZAR 21.75 12 096
d. Aggregated information: Total Volume:
ZAR 263 088.00 12 096
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 5 768
d. Aggregated information: Total Volume:
ZAR 125 454.00 5 768
e. Transaction date: 4 September 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
Dealings in securities by directors, company secretary and persons discharging managerial
responsibility (PDMRs) 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 of a major subsidiary, is disclosed:
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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 93 728
d. Aggregated information: Total Volume:
ZAR 2 038 584 93 728
e. Transaction date: 4 September 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 On-market sale of shares
c. Price and volume: Price: Volume:
ZAR 21.75 62 717
d. Aggregated information: Total Volume:
ZAR 1 364 094.75 62 717
e. Transaction date: 4 September 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
Exercise of Appreciation Rights granted on 30 June 2016 and 30 June 2017
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 director of a major subsidiary has 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: 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 and settlement of vested
Appreciation Rights and on-market sale of
resultant shares
c. Price and volume: Price: Volume:
ZAR 21.75 41 572
d. Aggregated information: Total Volume:
ZAR 904 191.00 41 572
e. Transaction date: 4 September 2019
f. Place of transaction: Johannesburg Stock Exchange
Information disclosed in accordance with the JSE Listings Requirements
Date of award: 30 June 2016
Market value at date of award: ZAR 10.14
Vesting date: 30 June 2017 and 30 June 2018
Number of Appreciation Rights exercised: 79 839
Exercise date: 2 September 2019
Market price on exercise date: * ZAR 21.1557
Number of shares issued: 41 572
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 exercise and settlement of vested
Appreciation Rights and on-market sale of
resultant shares
c. Price and volume: Price: Volume:
ZAR 21.75 2 126
d. Aggregated information: Total Volume:
ZAR 46 240.50 2 126
e. Transaction date: 4 September 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: ZAR 17.53
Vesting date: 30 June 2018
Number of Appreciation Rights exercised: 12 408
Exercise date: 2 September 2019
Market price on exercise date: * ZAR 21.1557
Number of shares issued: 2 126
Nature of interest: Direct, beneficial
Clearance to deal: Yes
* Using the 30 day volume weighted average price at close of business on 1 September 2019.
Paphos, Cyprus
9 September 2019
JSE Sponsor
Investec Bank Limited
Investor relations contacts:
Daniel Thole/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: 09/09/2019 01:00:00
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