REG - Thungela Resources - Dealings in Securities

Thungela ResourcesAnnouncement

20/08/2025 09:00

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RNS Number : 0599W  Thungela Resources Limited  20 August 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 THE CHIEF EXECUTIVE OFFICER DESIGNATE

 

On 21 January 2025, Thungela announced the appointment of Moses Madondo as the
Chief Executive Officer (CEO) designate with effect from 1 August 2025.

 

In accordance with paragraph 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the
following transaction related to the CEO designate of Thungela in terms of the
provisions of the Company's 2021 Share Plan and Remuneration Policy, regarding
the allocation of forfeitable shares.

 

 CEO designate:           Moses Thembinkosi Madondo
 Grant date:              1 August 2025
 Date of transaction:     18 August 2025
 Nature of transaction:   Off market grant and acceptance of forfeitable shares in terms of the
                          Company's 2021 Share Plan
 Class of securities:     Ordinary shares
 Number of securities:    175,190

                          (One third of the shares will vest each year over three years provided that
                          the CEO designate remains in the employ of the Company)
 Award price per share*:  R95.50
 Transaction value:       R16,730,645
 Nature of interest:      Direct beneficial

 

 

* Award price per share represents the volume weighted average price of a
Thungela Resources share on the JSE for the 20 days ended 31 July 2025. 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
 4 July 2025   R89.96                   R87.77
 7 July 2025   R88.94                   R83.61
 8 July 2025   R88.12                   R86.07
 9 July 2025   R88.06                   R85.51
 10 July 2025  R96.35                   R87.76
 11 July 2025  R97.67                   R94.64
 14 July 2025  R98.32                   R95.17
 15 July 2025  R96.91                   R92.50
 16 July 2025  R97.35                   R94.51
 17 July 2025  R97.94                   R94.14
 18 July 2025  R98.16                   R95.87
 21 July 2025  R101.75                  R97.51
 22 July 2025  R103.65                  R100.08
 23 July 2025  R104.95                  R99.92
 24 July 2025  R102.02                  R97.33
 25 July 2025  R98.16                   R93.00
 28 July 2025  R98.00                   R93.00
 29 July 2025  R94.92                   R93.37
 30 July 2025  R96.12                   R93.31
 31 July 2025  R94.35                   R92.25

 

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

 

Johannesburg

20 August 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                                                         Moses Thembinkosi Madondo
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer designate
 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 grant and acceptance of forfeitable shares in terms of the
                                                                   Company's 2021 Share Plan
 c)   Price(s) and volume(s)

                                                                                       Price(s)            Volume(s)
                                                                                       R95.50              175,190

 d)   Aggregated information

      - Aggregated volume                                          175,190
      - Price                                                      R16,730,645
 e)   Date of the transaction                                      18 August 2025
 f)   Place of the transaction                                     Off market

 

 

 

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