Dealings in securities by directors and PDMRs
Tharisa plc has announced the vesting and settlement of Long-Term Incentive Plan awards granted on January 16, 2022, which occurred on January 16, 2026. Executive Chairman Loucas Pouroulis received 385,372 shares valued at ZAR10,331,823.32, CEO Phoevos Pouroulis received 422,495 shares valued at ZAR11,327,090.95, CFO Michael Gifford Jones received 230,409 shares valued at ZAR6,177,265.29, Sanet Findlay received 33,550 shares valued at ZAR899,475.50, Michelle Louise Taylor received 207,974 shares valued at ZAR5,575,782.94, Roy Murley received 174,113 shares valued at ZAR4,667,969.53, Kieron Liam Johnstone received 32,699 shares valued at ZAR876,660.19, Evangeline Seraphina Asaram received 32,451 shares valued at ZAR870,011.31, and Marios Tavros received 65,442 shares valued at ZAR1,754,500.02, all at a price of ZAR26.81 per share. Additionally, Michelle Louise Taylor sold 30,000 shares on the Johannesburg Stock Exchange on January 21, 2026, for ZAR795,183.00, and donated 20,000 shares for ZAR530,000.00 on the same date.
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JSE share code: THA
LSE share code: THS
A2X share code: THA
('Tharisa' or the 'Company')
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 the 2022 Award on 16 January 2026, in accordance with the rules of the Tharisa plc Long-Term Incentive Plan ('LTIP').
In terms of the rules of the LTIP, tax obligations arising on the vesting date are for the account of the participant and a decision has been taken to settle the tax liability of participants in cash, with the net balance being equity settled.
Vesting and settlement of LTIPs granted on 16 January 2022
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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 385 372 |
| d. Aggregated information: | Total ZAR10 331 823.32 | Volume: 385 372 |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 422 495 |
| d. Aggregated information: | Total ZAR11 327 090.95 | Volume: 422 495 |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 230 409 |
| d. Aggregated information: | Total ZAR6 177 265.29 | Volume: 230 409 |
| 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 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 33 550 |
| d. Aggregated information: | Total ZAR899 475.50 | Volume: 33 550 |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 207 974 |
| d. Aggregated information: | Total ZAR5 575 782.94 | Volume: 207 974 |
| 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: | Roy Murley | |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 174 113 |
| d. Aggregated information: | Total ZAR4 667 969.53 | Volume: 174 113 |
| 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: | Kieron Liam Johnstone | |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 32 699 |
| d. Aggregated information: | Total ZAR876 660.19 | Volume: 32 699 |
| 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: | Evangeline Seraphina Asaram | |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 32 451 |
| d. Aggregated information: | Total ZAR870 011.31 | Volume: 32 451 |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market vesting and settlement of Conditional Awards in shares | |
| c. Price and volume: | Price: ZAR26.81* per share | Volume: 65 442 |
| d. Aggregated information: | Total ZAR1 754 500.02 | Volume: 65 442 |
| 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 ZAR26.81 on 16 January 2026
Dealings in securities by a director of a 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 is disclosed:
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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | On-market sale of shares | |
| c. Price and volume: Lowest traded price per share: ZAR26.50 Weighted average price per share: ZAR26.5061 Highest traded price per share ZAR26.90 | Price: ZAR26.5061 | Volume: 30 000 |
| d. Aggregated information: | Total ZAR795 183.00 | 30 000 |
| 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: Identification code: | Ordinary shares of US$0.001 CY0103562118 | |
| b. Nature of transaction | Off-market donation of shares | |
| c. Price and volume: | Price: ZAR26.50 | Volume: 20 000 |
| d. Aggregated information: | Total ZAR530 000.00 | 20 000 |
| 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 | |
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