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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 and company secretary 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 2018 (Expiration date 30 June 2023)
In terms of the rules of the Tharisa Share Award Plan, 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:
ZAR19.05# 14 290
d. Aggregated information: Total: Volume:
ZAR272 224.50 14 290
e. Transaction date: 26 June 2023
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
Vesting date: 30 June 2019 and 30 June 2020
Number of Appreciation Rights exercised: 110 054
Number of securities issued: 14 290
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:
ZAR19.05# 12 962
d. Aggregated information: Total: Volume:
ZAR246 926.10 12 962
e. Transaction date: 26 June 2023
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
Vesting date: 30 June 2019 and 30 June 2020
Number of Appreciation Rights exercised: 99 826
Number of securities issued: 12 962
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:
ZAR19.05# 10 467
d. Aggregated information: Total: Volume:
ZAR199 396.35 10 467
e. Transaction date: 26 June 2023
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
Vesting date: 30 June 2019 and 30 June 2020
Number of Appreciation Rights exercised: 80 612
Number of securities issued: 10 467
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:
ZAR19.05# 3 047
d. Aggregated information: Total: Volume:
ZAR58 045.35 3 047
e. Transaction date: 26 June 2023
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
Vesting date: 30 June 2019 and 30 June 2020
Number of Appreciation Rights exercised: 23 469
Number of securities issued: 3 047
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:
ZAR19.05# 10 344
d. Aggregated information: Total: Volume:
ZAR197 053.20 10 344
e. Transaction date: 26 June 2023
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
Vesting date: 30 June 2019 and 30 June 2020
Number of Appreciation Rights exercised: 79 665
Number of securities issued: 10 344
Nature of interest: Direct, beneficial
Clearance to deal: Yes
# Market price on exercise date - Using the price at close of business on 23 June 2023
Paphos, Cyprus
29 June 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).
