REG - Thungela Resources - Dealings in Securities

Thungela ResourcesAnnouncement

08/04/2026 14:30

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RNS Number : 6838Z  Thungela Resources Limited  08 April 2026

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")

 

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND THE
COMPANY SECRETARY

 

In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the
JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the
following transactions. The transactions relate to the off-market grant and
acceptance of forfeitable share awards by executive directors, prescribed
officers and the company secretary. The award was made in terms of the
Company's 2021 Share Plan and as contemplated in the Remuneration Policy.

 

 Chief Executive Officer  Moses Madondo
 Nature of transaction:   Off market grant and acceptance of forfeitable shares
 Grant date:              23 March 2026
 Date of acceptance:      7 April 2026
 Class of securities:     Ordinary shares
 Number of shares:        8,823
 Vesting date(s):         23 March 2027 - 2,941
                          23 March 2028 - 2,941
                          23 March 2029 - 2,941
 Award price:             R162.03
 Award value:             R1,429,590.69
 Nature of interest:      Direct beneficial

 

 Chief Financial Officer  Deon Smith
 Nature of transaction:   Off market grant and acceptance of forfeitable shares
 Grant date:              23 March 2026
 Date of acceptance:      7 April 2026
 Class of securities:     Ordinary shares
 Number of shares:        12,653
 Vesting date(s):         23 March 2027 - 4,217
                          23 March 2028 - 4,218
                          23 March 2029 - 4,218
 Award price:             R162.03
 Award value:             R2,050,165.59
 Nature of interest:      Direct beneficial

 

 Chief Operations Officer  Johan van Schalkwyk
 Nature of transaction:    Off market grant and acceptance of forfeitable shares
 Grant date:               23 March 2026
 Date of acceptance:       7 April 2026
 Class of securities:      Ordinary shares
 Number of shares:         8,614
 Vesting date(s):          23 March 2027 - 2,871
                           23 March 2028 - 2,871
                           23 March 2029 - 2,872
 Award price:              R162.03
 Award value:              R1,395,726.42
 Nature of interest:       Direct beneficial

 

 Executive Head of Technical  Leslie Martin
 Nature of transaction:       Off market grant and acceptance of forfeitable shares
 Grant date:                  23 March 2026
 Date of acceptance:          7 April 2026
 Class of securities:         Ordinary shares
 Number of shares:            8,067
 Vesting date(s):             23 March 2027 - 2,689
                              23 March 2028 - 2,689
                              23 March 2029 - 2,689
 Award price:                 R162.03
 Award value:                 R1,307,096.01
 Nature of interest:          Direct beneficial

 

 Executive Head of Human Resources  Lesego Mataboge
 Nature of transaction:             Off market grant and acceptance of forfeitable shares
 Grant date:                        23 March 2026
 Date of acceptance:                7 April 2026
 Class of securities:               Ordinary shares
 Number of shares:                  6,133
 Vesting date(s):                   23 March 2027 - 2,044
                                    23 March 2028 - 2,044
                                    23 March 2029 - 2.045
 Award price:                       R162.03
 Award value:                       R993,729.99
 Nature of interest:                Direct beneficial

 

 Executive Head of Corporate Affairs  Mpumi Sithole
 Nature of transaction:               Off market grant and acceptance of forfeitable shares
 Grant date:                          23 March 2026
 Date of acceptance:                  7 April 2026
 Class of securities:                 Ordinary shares
 Number of shares:                    5,684
 Vesting date(s):                     23 March 2027 - 1,894
                                      23 March 2028 - 1,895
                                      23 March 2029 - 1.895
 Award price:                         R162.03
 Award value:                         R920,978.52
 Nature of interest:                  Direct beneficial

 

 Executive Head of Marketing  Bernard Dalton
 Nature of transaction:       Off market grant and acceptance of forfeitable shares
 Grant date:                  23 March 2026
 Date of acceptance:          7 April 2026
 Class of securities:         Ordinary shares
 Number of shares:            6,941
 Vesting date(s):             23 March 2027 - 2,313
                              23 March 2028 - 2,314
                              23 March 2029 - 2,314
 Award price:                 R162.03
 Award value:                 R1,124,650.23
 Nature of interest:          Direct beneficial

 

 Company Secretary       Tovi Ellis
 Nature of transaction:  Off market grant and acceptance of forfeitable shares
 Grant date:             23 March 2026
 Date of acceptance:     7 April 2026
 Class of securities:    Ordinary shares
 Number of shares:       3,485
 Vesting date(s):        23 March 2027 - 1,161
                         23 March 2028 - 1,162
                         23 March 2029 - 1,162
 Award price:            R162.03
 Award value:            R564,674.55
 Nature of interest:     Direct beneficial

 

Vesting of the awards is conditional on pre-determined employment conditions.

 

Award price represents the dividend-adjusted volume weighted average price of
a Thungela share on the JSE for the 3 business days ended 25 March 2026. This
equates to R162.03 per share.

 

Clearance for these transactions has been obtained in accordance with
paragraph 6.83 of the JSE Listings Requirements.

 

Johannesburg

8 April 2026

 

UK Financial adviser and corporate broker

Panmure Liberum  Limited

 

JSE 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 Madondo
 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           8,823

 d)   Aggregated information

      - Aggregated volume                                          8,823
      - Price                                                      R1,429,590.69
 e)   Date of the transaction                                      7 April 2026
 f)   Place of the transaction                                     Off 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                                    Off market grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           12,653

 d)   Aggregated information

      - Aggregated volume                                          12,653
      - Price                                                      R2,050,165.59
 e)   Date of the transaction                                      7 April 2026
 f)   Place of the transaction                                     Off market

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Johan 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           8,614

 d)   Aggregated information

      - Aggregated volume                                          8,614
      - Price                                                      R1,395,726.42
 e)   Date of the transaction                                      7 April 2026
 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           8,067

 d)   Aggregated information

      - Aggregated volume                                          8,067
      - Price                                                      R1,307,096.01
 e)   Date of the transaction                                      7 April 2026
 f)   Place of the transaction                                     Off market

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Lesego 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           6,133

 d)   Aggregated information

      - Aggregated volume                                          6,133
      - Price                                                      R993,729.99
 e)   Date of the transaction                                      7 April 2026
 f)   Place of the transaction                                     Off market

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mpumi 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           5,684

 d)   Aggregated information

      - Aggregated volume                                          5,684
      - Price                                                      R920,978.52
 e)   Date of the transaction                                      7 April 2026
 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 grant and acceptance of forfeitable shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R162.03           6,941

 d)   Aggregated information

      - Aggregated volume                                          6,941
      - Price                                                      R1,124,650.23
 e)   Date of the transaction                                      7 April 2026
 f)   Place of the transaction                                     Off market

 

 

 

 

 

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