REG - Thungela Resources - Dealings in Securities
03/06/2024 08:00
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RNS Number : 7166Q Thungela Resources Limited 03 June 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
("Thungela" or "the Company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR
ACCEPTANCE OF CONDITIONAL SHARE AWARDS
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the
JSE Limited, we hereby provide the following information related to the award
and acceptance of conditional shares pertaining to the 2023 financial year
concluded in May 2024. The award is made and accepted by the undermentioned
Executive Directors and Prescribed Officers of Thungela in terms of the
Company's Share Plan and Remuneration Policy:
Nature of transactions Acceptance of conditional shares in terms of the Company's 2021 Share Plan and
Remuneration Policy
Class of securities Ordinary shares
Nature and extent of interest Direct beneficial
Transactions completed on or off market Off market
Date of acceptance 31 May 2024
Vesting date 24 May 2027
Name Designation Number of Conditional Shares Value of Award* (R)
J Ndlovu Chief Executive Officer 71,110 8,577,999
GF Smith Chief Financial Officer 36,736 4,431,464
JPD van Schalkwyk Chief Operating Officer 28,645 3,455,446
L Martin Executive Head of Technical 24,879 3,001,154
BM Dalton Executive Head of Marketing 21,713 2,619,239
LE Mataboge Executive Head of Human Resources 18,289 2,206,202
N Sithole Executive Head of Corporate Affairs 18,289 2,206,202
C Venter Executive Head of Safety, Health & Environment 18,289 2,206,202
The vesting of the conditional shares is conditional on pre-determined
performance conditions and continued employment by Thungela up until the noted
vesting date and where applicable, the reasons for the cessation of such
employment.
* The value of the award is based on a dividend-adjusted volume weighted
average price of R120.63 for a Thungela share for the 20 days ended 19 April
2024. The highest and lowest prices traded for Thungela shares over each day
were as follows:
Date Highest price per share Lowest price per share
18 March 2024 116,49 106,22
19 March 2024 121,00 113,95
20 March 2024 127,31 120,29
22 March 2024 125,05 119,25
25 March 2024 121,83 119,00
26 March 2024 124,91 118,00
27 March 2024 124,32 119,31
28 March 2024 124,89 120,47
2 April 2024 128,38 121,05
3 April 2024 130,86 126,50
4 April 2024 134,00 130,00
5 April 2024 133,34 127,04
8 April 2024 132,86 129,02
9 April 2024 136,53 130,55
10 April 2024 143,61 134,00
11 April 2024 145,00 137,17
12 April 2024 149,61 144,53
15 April 2024 149,67 145,69
16 April 2024 148,94 141,82
17 April 2024 139,00 134,40
Clearances and approvals for these transactions, which are all of an
off-market nature, were obtained.
Johannesburg
3 June 2024
UK Financial adviser and corporate broker
Liberum Capital Limited
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 and acceptance of conditional share
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 71,110
d) Aggregated information
- Aggregated volume 71,110
- Price R8,577,999
e) Date of the transaction 31 May 2024
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) Name Gideon Frederick Smith
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 36,736
d) Aggregated information
- Aggregated volume 36,736
- Price R4,431,464
e) Date of the transaction 31 May 2024
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 Operations 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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 28,645
d) Aggregated information
- Aggregated volume 28,645
- Price R3,455,446
e) Date of the transaction 31 May 2024
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 24,879
d) Aggregated information
- Aggregated volume 24,879
- Price R3,001,154
e) Date of the transaction 31 May 2024
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 18,289
d) Aggregated information
- Aggregated volume 18,289
- Price R2,206,202
e) Date of the transaction 31 May 2024
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 18,289
d) Aggregated information
- Aggregated volume 18,289
- Price R2,206,202
e) Date of the transaction 31 May 2024
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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 18,289
d) Aggregated information
- Aggregated volume 18,289
- Price R2,206,202
e) Date of the transaction 31 May 2024
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bernard 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 Off market award and acceptance of conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R120.63 21,713
d) Aggregated information
- Aggregated volume 21,713
- Price R2,619,239
e) Date of the transaction 31 May 2024
f) Place of the transaction Off market
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