REG - Thungela Resources - DEALINGS IN SECURITIES BY THE COMPANY SECRETARY

Thungela ResourcesAnnouncement

04/11/2024 13:00

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RNS Number : 8377K  Thungela Resources Limited  04 November 2024

Thungela Resources Limited

(Incorporated in the Republic of South Africa)

Registration number: 2021/303811/06

JSE share code: TGA

LSE share code: TGA

ISIN: ZAE000296554

Tax number: 9111917259

("Thungela" or the "Company" and, together with its affiliates, the 'Group')

 

DEALINGS IN SECURITIES BY THE COMPANY SECRETARY

 

In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Limited ("the JSE Listings Requirements"), shareholders are advised that the
company secretary of Thungela Resources was awarded forfeitable shares in
terms of the rules of the Company's 2021 Share Plan and Remuneration Policy.
The award was accepted and the details are set below:

 

 Company Secretary:       Altovise Alaxa Ellis
 Grant Date:              1 November 2024
 Date of transaction:     1 November 2024
 Nature of transaction:   Off market grant and acceptance of forfeitable shares
 Class of securities:     Ordinary shares
 Number of securities:    7,010

                          (33,33% of shares will vest in equal tranches over 3 years provided that the
                          company secretary remains in the employ of the Company)
 Award price per share*:  R122.48
 Transaction value:       R858 584.80
 Nature of interest:      Direct beneficial

 

* The value of the award is based on a dividend-adjusted volume weighted
average price of a Thungela Resources share for the 20 days ended 31 October
2024. The highest and lowest prices traded for Thungela Resources shares over
each day were as follows:

 

 Date             Highest price per share  Lowest price per share
 4 October 2024   122.67                   114.57
 7 October 2024   122.85                   117.41
 8 October 2024   122.29                   116.75
 9 October 2024   123.64                   119.66
 10 October 2024  124.74                   120.85
 11 October 2024  124.03                   118.26
 14 October 2024  121.18                   118.02
 15 October 2024  123.82                   119.12
 16 October 2024  123.52                   116.00
 17 October 2024  121.95                   116.00
 18 October 2024  125.80                   120.50
 21 October 2024  126.89                   121.92
 22 October 2024  126.48                   122.90
 23 October 2024  128.50                   125.46
 24 October 2024  127.41                   125.33
 25 October 2024  131.95                   123.94
 28 October 2024  131.40                   128.02
 29 October 2024  132.50                   127.80
 30 October 2024  128.31                   124.67
 31 October 2024  128.89                   125.00

 

The clearance for this transaction, which are of an off-market nature, was
obtained.

 

Johannesburg

4 November 2024

 

UK Financial adviser and corporate broker

Panmure Liberum Limited

 

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

 

Notification of Dealing Forms

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Altovise Alaxa Ellis
 2    Reason for the notification
 a)   Position/status                                              Company Secretary
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Thungela Resources Limited
 b)   LEI                                                          213800EGYK3BN3SRIF27
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of no par value

      Identification code                                          ISIN: ZAE000296554
 b)   Nature of the transaction                                    Direct beneficial
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R122.48           7,010

 d)   Aggregated information

      - Aggregated volume                                          7,010
      - Price                                                      R858 584.80
 e)   Date of the transaction                                      1 November 2024
 f)   Place of the transaction                                     Off market

 

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