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REG - Thungela Resources - Dealings in Securities

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RNS Number : 0396D  Thungela Resources Limited  05 May 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 PRESCRIBED OFFICERS

 

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 vesting of conditional
share awards by prescribed officers. The vesting occurred in terms of the
Company's 2021 Share Plan and as contemplated in the Remuneration Policy.

 

 Chief Operations Officer:  Johan van Schalkwyk
 Nature of transaction:     Off market vesting of conditional shares
 Vesting date:              28 April 2026
 Class of securities:       Ordinary shares
 Number of shares:          13,465
 Vesting price:             R156.33
 Transaction value:         R2,104,983.45
 Nature of interest:        Direct beneficial

 

 Executive Head of Technical:  Leslie Martin
 Nature of transaction:        Off market vesting of conditional shares
 Vesting date:                 28 April 2026
 Class of securities:          Ordinary shares
 Number of shares:             11,694
 Vesting price:                R156.33
 Transaction value:            R1,828,123.02
 Nature of interest:           Direct beneficial

 

 Executive Head of Human Resources:  Lesego Mataboge
 Nature of transaction:              Off market vesting of conditional shares
 Vesting date:                       28 April 2026
 Class of securities:                Ordinary shares
 Number of shares:                   8,307
 Vesting price:                      R156.33
 Transaction value:                  R1,298,633.31
 Nature of interest:                 Direct beneficial

 

 Executive Head of Corporate Affairs:  Mpumi Sithole
 Nature of transaction:                Off market vesting of conditional shares
 Vesting date:                         28 April 2026
 Class of securities:                  Ordinary shares
 Number of shares:                     8,307
 Vesting price:                        R156.33
 Transaction value:                    R1,298,633.31
 Nature of interest:                   Direct beneficial

 

 Executive Head of Marketing:  Bernard Dalton
 Nature of transaction:        Off market vesting of conditional shares
 Vesting date:                 28 April 2026
 Class of securities:          Ordinary shares
 Number of shares:             9,957
 Vesting price:                R156.33
 Transaction value:            R1,556,577.81
 Nature of interest:           Direct beneficial

 

The vesting price represents the dividend-adjusted volume weighted average
price of a Thungela share on the JSE for the 20 business days ended 24 April
2026. This equates to R156.33 per share.

 

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

 

Johannesburg

4 May 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                                                         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 vesting of conditional shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R156.33           13,465

 d)   Aggregated information

      - Aggregated volume                                          13,465
      - Price                                                      R2,104,983.45
 e)   Date of the transaction                                      28 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 vesting of conditional shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R156.33           11,694

 d)   Aggregated information

      - Aggregated volume                                          11,694
      - Price                                                      R1,828,123.02
 e)   Date of the transaction                                      28 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 vesting of conditional shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R156.33           8,307

 d)   Aggregated information

      - Aggregated volume                                          8,307
      - Price                                                      R1,298,633.31
 e)   Date of the transaction                                      28 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 vesting of conditional shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R156.33           8,307

 d)   Aggregated information

      - Aggregated volume                                          8,307
      - Price                                                      R1,298,633.31
 e)   Date of the transaction                                      28 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 vesting of conditional shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     R156.33           9,957

 d)   Aggregated information

      - Aggregated volume                                          9,957
      - Price                                                      R1,556,577.81
 e)   Date of the transaction                                      28 April 2026
 f)   Place of the transaction                                     Off market

 

 

 

 

 

 

 

 

 

 

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