REG - Thungela Resources - Dealings in securities
04/10/2024 15:00
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RNS Number : 0472H Thungela Resources Limited 04 October 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 EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR
ALLOCATION OF DIVIDEND EQUIVALENT SHARES
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the
Johannesburg Stock Exchange (JSE) Limited, shareholders are advised of the
following allocations relating to the reinvestment of dividends ("Dividend
Equivalent Shares") on previously allocated conditional share awards to
executive directors and prescribed officers in terms of clause 16.2.1 of the
Company's Share Plan. The Dividend Equivalent Shares are subject to the same
vesting and performance conditions applicable to the conditional shares, as
disclosed in the announcement released on the JSE Stock Exchange News Service
and LSE Regulatory News Services on 1 December 2021, 29 March 2022, 9 May 2023
and 3 June 2024.
Name Designation Award Number of Dividend Equivalent Shares Value of award (R) * Nature of interest
J Ndlovu Chief Executive Officer Long term incentive plan (LTIP) 2021 6,995 751,053 Direct beneficial
LTIP 2022 1,960 210,445
LTIP 2023 1,065 114,349
LTIP 2024 1,325 142,265
GF Smith Chief Financial Officer LTIP 2021 2,932 314,809 Direct beneficial
LTIP 2022 1,012 108,658
LTIP 2023 550 59,054
LTIP 2024 684 73,441
JPD van Schalkwyk Chief Operating Officer LTIP 2021 2,342 251,461 Direct beneficial
LTIP 2022 789 84,715
LTIP 2023 429 46,062
LTIP 2024 534 57,336
L Martin Executive Head of Technical LTIP 2021 2,190 235,140 Direct beneficial
LTIP 2022 686 73,656
LTIP 2023 373 40,049
LTIP 2024 463 49,712
Name Designation Award Number of Dividend Equivalent Shares Value of award (R) Nature of interest
BM Dalton Executive Head of Marketing LTIP 2021 2,084 223,759 Direct beneficial
LTIP 2022 584 62,704
LTIP 2023 317 34,036
LTIP 2024 404 43,377
LE Mataboge Executive Head of Human Resources LTIP 2021 1,644 176,516 Direct beneficial
LTIP 2022 487 52,289
LTIP 2023 265 28,453
LTIP 2024 341 36,613
N Sithole Executive Head of Corporate Affairs LTIP 2021 1,623 174,262 Direct beneficial
LTIP 2022 487 52,289
LTIP 2023 265 28,453
LTIP 2024 341 36,613
C Venter Executive Head of Safety, Health & Environment LTIP 2021 1,563 167,819 Direct beneficial
LTIP 2022 487 52,289
LTIP 2023 265 28,453
LTIP 2024 341 36,613
* Award price per share represents the dividend-adjusted volume weighted
average price of a Thungela Resources share for the 20 days ended 20 September
2024. The highest and lowest prices traded for Thungela Resources shares over
each day were as follows:
Date Highest price per share (R) Lowest price per share (R)
26 August 2024 122,00 118,40
27 August 2024 122,54 118,22
28 August 2024 120,13 117,02
29 August 2024 119,00 116,60
30 August 2024 119,24 116,01
2 September 2024 116,20 113,50
3 September 2024 114,58 111,50
4 September 2024 111,98 108,60
5 September 2024 111,87 107,90
6 September 2024 111,59 108,50
9 September 2024 111,34 107,52
10 September 2024 109,59 106,00
11 September 2024 108,98 102,01
12 September 2024 107,50 103,10
13 September 2024 108,55 103,40
14 September 2024 109,33 106,25
15 September 2024 109,22 107,00
16 September 2024 107,50 104,19
17 September 2024 108,08 102,10
18 September 2024 105,66 103,00
Clearances and approvals for these transactions, which are all of an off
market nature, was obtained.
Johannesburg
4 October 2024
UK Financial adviser and corporate broker
Panmure 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 allocation of dividend-equivalent shares
on previously granted 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)
R107.37 6,995
R107.37 1,960
R107.37 1,065
R107.37 1,325
d) Aggregated information
- Aggregated volume 11,345
- Price R1,218,113
e) Date of the transaction 4 October 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 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)
R107.37 2,932
R107.37 1,012
R107.37 550
R107.37 684
d) Aggregated information
- Aggregated volume 5,178
- Price R555,962
e) Date of the transaction 4 October 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 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)
R107.37 2,342
R107.37 789
R107.37 429
R107.37 534
d) Aggregated information
- Aggregated volume 4,094
- Price R439,573
e) Date of the transaction 4 October 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 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)
R107.37 2,190
R107.37 686
R107.37 373
R107.37 463
d) Aggregated information
- Aggregated volume 3,712
- Price R398,557
e) Date of the transaction 4 October 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 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)
R107.37 1,644
R107.37 487
R107.37 265
R107.37 341
d) Aggregated information
- Aggregated volume 2,737
- Price R293,872
e) Date of the transaction 4 October 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 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)
R107.37 1,623
R107.37 487
R107.37 265
R107.37 341
d) Aggregated information
- Aggregated volume 2,716
- Price R291,617
e) Date of the transaction 4 October 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 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)
R107.37 1,563
R107.37 487
R107.37 265
R107.37 341
d) Aggregated information
- Aggregated volume 2,656
- Price R285,175
e) Date of the transaction 4 October 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 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)
R107.37 2,084
R107.37 584
R107.37 317
R107.37 404
d) Aggregated information
- Aggregated volume 3,389
- Price R363,877
e) Date of the transaction 4 October 2024
f) Place of the transaction Off market
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