TIDMTHS

RNS Number : 2645B

Tharisa PLC

15 June 2016

Tharisa plc

(Incorporated in the Republic of Cyprus with limited liability)

(Registration number HE223412)

JSE share code THA

LSE share code THS

ISIN CY0103562118

(Tharisa)

Dealings in securities by directors and company secretary of Tharisa and directors of major subsidiary

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, Tharisa hereby advises shareholders of the granting, acceptance and settlement of unconditional performance shares on 15 June 2016 in relation to the successful listing of Tharisa on the London Stock Exchange.

Award and settlement of performance shares on 15 June 2016

 
 Name                          Phoevos Pouroulis 
----------------------------  ------------------------------- 
 Company                       Tharisa plc 
----------------------------  ------------------------------- 
 Position                      Executive director - 
                                Chief Executive Officer 
----------------------------  ------------------------------- 
 Transaction date              15 June 2016 
----------------------------  ------------------------------- 
 Nature of transaction         Off-market acceptance 
                                and settlement of performance 
                                shares 
----------------------------  ------------------------------- 
 Class of securities           Ordinary shares 
----------------------------  ------------------------------- 
 Number of performance 
  shares granted               13 409 
----------------------------  ------------------------------- 
 Number of shares issued       13 409 
----------------------------  ------------------------------- 
 Issue price *                 ZAR11.00 per share 
----------------------------  ------------------------------- 
 Total value of transaction    ZAR147 499.00 
  * 
----------------------------  ------------------------------- 
 Nature of interest            Direct, beneficial 
----------------------------  ------------------------------- 
 Clearance to deal             Yes 
----------------------------  ------------------------------- 
 
 
 Name                          Michael Gifford Jones 
----------------------------  ------------------------------- 
 Company                       Tharisa plc 
----------------------------  ------------------------------- 
 Position                      Executive director - 
                                Chief Finance Officer 
----------------------------  ------------------------------- 
 Transaction date              14 June 2016 
----------------------------  ------------------------------- 
 Nature of transaction         Off-market acceptance 
                                and settlement of performance 
                                shares 
----------------------------  ------------------------------- 
 Class of securities           Ordinary shares 
----------------------------  ------------------------------- 
 Number of performance 
  shares granted               2 682 
----------------------------  ------------------------------- 
 Number of shares issued       2 682 
----------------------------  ------------------------------- 
 Issue price *                 ZAR11.00 per share 
----------------------------  ------------------------------- 
 Total value of transaction    ZAR29 502.00 
  * 
----------------------------  ------------------------------- 
 Nature of interest            Direct, beneficial 
----------------------------  ------------------------------- 
 Clearance to deal             Yes 
----------------------------  ------------------------------- 
 
 
 Name                          Sanet de Witt 
----------------------------  ------------------------------- 
 Company                       Tharisa plc 
----------------------------  ------------------------------- 
 Position                      Group Company Secretary 
----------------------------  ------------------------------- 
 Transaction date              14 June 2016 
----------------------------  ------------------------------- 
 Nature of transaction         Off-market acceptance 
                                and settlement of performance 
                                shares 
----------------------------  ------------------------------- 
 Class of securities           Ordinary shares 
----------------------------  ------------------------------- 
 Number of performance 
  shares granted               1 341 
----------------------------  ------------------------------- 
 Number of shares issued       1 341 
----------------------------  ------------------------------- 
 Issue/settlement price        ZAR11.00 per share 
  * 
----------------------------  ------------------------------- 
 Total value of transaction    ZAR14 751.00 
  * 
----------------------------  ------------------------------- 
 Nature of interest            Direct, beneficial 
----------------------------  ------------------------------- 
 Clearance to deal             Yes 
----------------------------  ------------------------------- 
 
 
 Name                          Michelle Louise Taylor 
----------------------------  ------------------------------- 
 Company                       Tharisa Minerals (Pty) 
                                Ltd 
----------------------------  ------------------------------- 
 Position                      Executive director 
----------------------------  ------------------------------- 
 Transaction date              14 June 2016 
----------------------------  ------------------------------- 
 Nature of transaction         Off-market acceptance 
                                and settlement of performance 
                                shares 
----------------------------  ------------------------------- 
 Class of securities           Ordinary shares 
----------------------------  ------------------------------- 
 Number of performance 
  shares granted               2 682 
----------------------------  ------------------------------- 
 Number of shares issued       2 682 
----------------------------  ------------------------------- 
 Issue price *                 ZAR11.00 per share 
----------------------------  ------------------------------- 
 Total value of transaction    ZAR29 502.00 
  * 
----------------------------  ------------------------------- 
 Nature of interest            Direct, beneficial 
----------------------------  ------------------------------- 
 Clearance to deal             Yes 
----------------------------  -------------------------------

* Using the closing market price of ZAR11.00 on 14 June 2016.

Paphos, Cyprus

15 June 2016

JSE Sponsor

Investec Bank Limited

About Tharisa

Tharisa is an integrated resources group incorporating mining, processing, beneficiation, marketing, sales and logistics of platinum group metals ('PGMs') and chrome concentrates. The Company's primary asset, the Tharisa Mine, which is located on the south western limb of South Africa's Bushveld Complex, has an estimated open pit life-of-mine of approximately 20 years, and a further estimated underground life of mine of approximately 40 years.

The Tharisa Mine's processing facilities have a nameplate design capacity for processing a total of 400 ktpm of ROM ore.

The group's strategy is to become a global natural resources company focused on originating, developing and operating mines in the PGM, chrome and steel raw materials sectors.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGCGDLRXBBGLU

(END) Dow Jones Newswires

June 15, 2016 07:00 ET (11:00 GMT)

Tharisa (LSE:THS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Tharisa Charts.
Tharisa (LSE:THS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Tharisa Charts.