REG - Thungela Resources - Dealings in Securities
15/05/2025 11:00
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RNS Number : 8171I Thungela Resources Limited 15 May 2025
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
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("the JSE Listings Requirements"), shareholders are provided with
the following information related to executive directors and prescribed
officers of Thungela in terms of provisions of the Company's 2021 Share Plan
regarding the reinvestment of dividends ("Dividend Equivalent Shares") on
previously allocated conditional share awards. The vesting of the Dividend
Equivalent Shares is conditional on the same performance and employment
conditions applicable to the conditional shares to which they relate, as
disclosed in the announcements released on the JSE Stock Exchange News Service
and LSE Regulatory News Services on 9 May 2023 and 3 June 2024.
Name Designation Award Number of Dividend Equivalent Shares Value of award* Nature of interest
J Ndlovu Chief Executive Officer LTIP 2023 7,165 R640,336.05 Direct beneficial
LTIP 2024 8,916 R796,822.92
GF Smith Chief Financial Officer LTIP 2023 3,701 R330,758.37 Direct beneficial
LTIP 2024 4,606 R411,638.22
JPD van Schalkwyk Chief Operations Officer LTIP 2023 2,886 R257,921.82 Direct beneficial
LTIP 2024 3,591 R320,927.67
L Martin Executive Head of Technical LTIP 2023 2,507 R224,050.59 Direct beneficial
LTIP 2024 3,119 R278,745.03
Name Designation Award Number of Dividend Equivalent Shares Value of award* Nature of interest
LE Mataboge Executive Head of Human Resources LTIP 2023 1,781 R159,167.97 Direct beneficial
LTIP 2024 2,293 R204,925.41
N Sithole Executive Head of Corporate Affairs LTIP 2023 1,781 R159,167.97 Direct beneficial
LTIP 2024 2,293 R204,925.41
C Venter Executive Head of Safety, Health & Environment LTIP 2023 1,781 R159,167.97 Direct beneficial
LTIP 2024 2,293 R204,925.41
BM Dalton Executive Head of Marketing LTIP 2023 2,134 R190,715.58 Direct beneficial
LTIP 2024 2,722 R243,265.14
* Value of the award is based on an award price per share representing the
dividend-adjusted volume weighted average price of a Thungela share on the JSE
for the 20 business days ended 25 April 2025. This equates to R89.37 per
share. The highest and lowest prices traded for Thungela shares over each day
were as follows:
Date Highest price per share (R) Lowest price per share (R)
27 March 2025 109.63 105.71
28 March 2025 108.14 105.10
31 March 2025 107.96 100.92
1 April 2025 104.07 99.01
2 April 2025 107.03 101.53
3 April 2025 102.71 98.70
4 April 2025 100.48 95.00
7 April 2025 97.19 90.63
8 April 2025 100.18 94.71
9 April 2025 100.80 91.04
10 April 2025 98.44 93.21
11 April 2025 97.28 94.26
14 April 2025 96.69 93.79
15 April 2025 99.39 94.95
16 April 2025 100.00 97.67
17 April 2025 101.84 97.30
22 April 2025 106.29 99.36
23 April 2025 96.60 92.09
24 April 2025 98.56 92.90
25 April 2025 96.72 92.94
Clearance for these transactions has been obtained.
Rosebank
15 May 2025
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 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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 7,165
R89.37 8,916
d) Aggregated information
- Aggregated volume 16,081
- Price R1,437,158.97
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 3,701
R89.37 4,606
d) Aggregated information
- Aggregated volume 8,307
- Price R742,396.59
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 2,886
R89.37 3,591
d) Aggregated information
- Aggregated volume 6,477
- Price R578,849.49
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 2,507
R89.37 3,119
d) Aggregated information
- Aggregated volume 5,626
- Price R502,795.62
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 1,781
R89.37 2,293
d) Aggregated information
- Aggregated volume 4,074
- Price R364,093.38
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 1,781
R89.37 2,293
d) Aggregated information
- Aggregated volume 4,074
- Price R364,093.38
e) Date of the transaction 14 May 2025
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 and 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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 1,781
R89.37 2,293
d) Aggregated information
- Aggregated volume 4,074
- Price R364,093.38
e) Date of the transaction 14 May 2025
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 as
conditional share awards
c) Price(s) and volume(s)
Price(s) Volume(s)
R89.37 2,134
R89.37 2,722
d) Aggregated information
- Aggregated volume 4,856
- Price R433,980.72
e) Date of the transaction 14 May 2025
f) Place of the transaction Off market
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