REG - Thungela Resources - Dealings in Securities
03/05/2023 14:00
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RNS Number : 2822Y Thungela Resources Limited 03 May 2023
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
('Company' or 'Thungela Resources' or 'Thungela')
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the
JSE Limited, we hereby provide the following information regarding the
reinvestment of dividends accruing to ordinary shares ("Dividend Equivalent
Shares") awarded to the undermentioned Executive Directors and Prescribed
Officers of Thungela Resources in terms of clause 16.2.1 of the Company's
Share Plan. The Dividend Equivalent Shares will be subject to the same vesting
and other conditions applicable to the conditional shares as disclosed in the
SENS announcements dated 1 December 2021 and 29 March 2022.
Name Designation Award Number of Dividend Equivalent Shares* Value of award** Nature of interest
R
J Ndlovu Chief Executive Officer LTIP 2021 64,561 10,445,324 Direct, beneficial
LTIP 2022 18,091 2,926,943
GF Smith Chief Financial Officer LTIP 2021 27,066 4,379,008 Direct, beneficial
LTIP 2022 9,345 1,511,928
JPD van Schalkwyk Chief Operating Officer LTIP 2021 21,613 3,496,767 Direct, beneficial
LTIP 2022 7,288 1,179,126
L Martin Executive Head of Technical LTIP 2021 20,218 3,271,070 Direct, beneficial
LTIP 2022 6,329 1,023,969
BM Dalton Executive Head of Marketing LTIP 2021 19,232 3,111,545 Direct, beneficial
LTIP 2022 5,389 871,886
LE Mataboge Executive Head of HR LTIP 2021 15,171 2,454,516 Direct, beneficial
LTIP 2022 4,496 727,408
N Sithole Executive Head of Corporate Affairs LTIP 2021 14,984 2,424,261 Direct, beneficial
LTIP 2022 4,496 727,408
C Venter Executive Head of SHE LTIP 2021 14,420 2,333,012 Direct, beneficial
LTIP 2022 4,496 727,408
* The vesting of the Dividend Equivalent Shares is conditional on
pre-determined performance conditions and the participant's continued
employment by Thungela up until the end of the vesting period (for the 2021
LTIP - 16 November 2024; and for the 2022 LTIP - 7 March 2025) in line with
the 2021 Thungela Share Plan.
** The calculation of the value of these awards is based on a dividend
adjusted volume weighted average price for the
20 trading days prior to 24 April 2023, which equates to R161.79 per share.
Clearances and approvals for these transactions, which are all of an
off-market nature, have been obtained in
compliance with the Securities Dealing Policies and Procedures of Thungela.
3 May 2023
Rosebank
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
In compliance with the UK Listings Requirements, we hereby provide the
following information regarding the award to and acceptance of the conditional
long term incentive awards:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name July Ndlovu
2 Reason for the notification
a) Position/status PDMR - Chief Executive Officer
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 64,561
R161,79 18,091
d) Aggregated information
- Aggregated volume 82,652
- Price R13,372,267
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gideon Frederick Smith
2 Reason for the notification
a) Position/status PDMR - Chief Financial Officer
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 27,066
R161,79 9,345
d) Aggregated information
- Aggregated volume 36,411
- Price R5,890,936
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Johannes Petrus Daniel van Schalkwyk
2 Reason for the notification
a) Position/status PDMR - Chief Operating Officer
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 21,613
R161,79 7,288
d) Aggregated information
- Aggregated volume 28,901
- Price R4,675,893
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Leslie Martin
2 Reason for the notification
a) Position/status PDMR - Executive Head of Technical
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 20,218
R161,79 6,329
d) Aggregated information
- Aggregated volume 26,547
- Price R4,295,039
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bernard Michael Dalton
2 Reason for the notification
a) Position/status PDMR - Executive Head of Marketing
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 19,232
R161,79 5,389
d) Aggregated information
- Aggregated volume 24,621
- Price R3,983,432
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lesego Elias Mataboge
2 Reason for the notification
a) Position/status PDMR - Executive Head of Human Resources
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 15,171
R161,79 4,496
d) Aggregated information
- Aggregated volume 19,667
- Price R3,181,924
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nompumelelo Sithole
2 Reason for the notification
a) Position/status PDMR - Executive Head of Corporate Affairs
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 Reinvestment of dividends accruing to ordinary shares awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 14,984
R161,79 4,496
d) Aggregated information
- Aggregated volume 19,480
- Price R3,151,669
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carina Venter
2 Reason for the notification
a) Position/status PDMR - Executive Head of Safety, Health & Environment
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 Reinvestment of dividends accruing to ordinary shares previously awarded under
conditional long term incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R161,79 14,420
R161,79 4,496
d) Aggregated information
- Aggregated volume 18,916
- Price R3,060,420
e) Date of the transaction 2 May 2023
f) Place of the transaction Off market
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