REG - Thungela Resources - Dealings in Securities

Thungela ResourcesAnnouncement

08/06/2023 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230608:nRSH1093Ca&default-theme=true

RNS Number : 1093C  Thungela Resources Limited  08 June 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

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

 

DEALINGS IN SECURITIES ON BEHALF OF EXECUTIVE DIRECTORS TO SETTLE TAX
OBLIGATIONS ARISING FROM THE VESTING OF AWARDS

 

Shareholders are advised of the following dealings on behalf of Thungela
executive directors pursuant to the vesting, on 4 June 2023, of the final 50%
of the milestone awards granted and accepted in 2021:

 

 Chief Executive Officer:  J Ndlovu
 Date of transaction:      6 June 2023
 Nature of transaction:    On market disposal of shares that have vested in respect of the 2021 milestone
                           award to settle tax obligations arising from the vesting
 Class of securities:      Ordinary shares
 Number of securities:     202,424
 Sale price per share:     R130.50
 Transaction value:        R26,416,332
 Nature of interest:       Direct beneficial

 

 Chief Financial Officer:  GF Smith
 Date of transaction:      6 June 2023
 Nature of transaction:    On market disposal of shares that have vested in respect of the 2021 milestone
                           award to settle tax obligations arising from the vesting
 Class of securities:      Ordinary shares
 Number of securities:     101,212
 Sale price per share:     R130.50
 Transaction value:        R13,208,166
 Nature of interest:       Direct beneficial

 

This is the final vesting of the milestone awards that were granted in 2021.

 

*Sale price per share is based on a 2-day VWAP ended 6 June 2023 of a Thungela
 Resources share. 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
 5 June 2023  135.00                   128.18
 6 June 2023  133.78                   129.23

Clearance to deal in terms of the JSE Listings Requirements was obtained.

 

Rosebank

8 June 2023

 

UK Financial adviser and corporate broker

Liberum Capital 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                                                         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                                    On market disposal of shares that have vested in respect of the 2021 milestone
                                                                    award to settle tax obligations arising from the vesting
 c)    Price(s) and volume(s)

                                                                                          Price(s)              Volume(s)
                                                                                          R130.50               202,424

 d)    Aggregated information
       - Aggregated volume                                          202,424
       - Price                                                      R26,416,332
 e)    Date of the transaction                                      6 June 2023
 f)    Place of the transaction                                     On market

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Deon 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                                    On market disposal of shares that have vested in respect of the 2021 milestone
                                                                   award to settle tax obligations arising from the vesting
 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         R130.50               101,212

 d)   Aggregated information

      - Aggregated volume                                          101,212
      - Price                                                      R13,208,166
 e)   Date of the transaction                                      6 June 2023
 f)   Place of the transaction                                     On market

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHNKFBQFBKKBAK