REG - Thungela Resources - Dealings in Securities

Thungela ResourcesAnnouncement

05/05/2026 08:16

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RNS Number : 0397D  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 AN EXECUTIVE DIRECTOR

 

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 transaction. The transaction relates to the vesting of conditional
share awards subject to a two-year post-vesting holding period by an Executive
Director, during which the shares may not be disposed of. The vesting occurred
in terms of the Company's 2021 Share Plan and as contemplated in the
Remuneration Policy.

 

 Chief Financial Officer:  Deon Smith
 Nature of transaction:    Off market vesting of measured conditional shares subject to a further
                           two-year holding period
 Vesting Date:             28 April 2026
 Class of securities:      Ordinary shares
 Number of shares:         17,268
 Vesting price:            R156.33
 Transaction value:        R2,699,506.44
 Nature of interest:       Direct beneficial

 

The performance conditions for the Award were measured on 27 February 2026.

 

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                                                         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 vesting of measured conditional shares subject to a further
                                                                   two-year holding period
 c)   Price(s) and volume(s)

                                                                                       Price(s)            Volume(s)
                                                                                       R156.33             17,268

 d)   Aggregated information

      - Aggregated volume                                          17,268
      - Price                                                      R2,699,506.44
 e)   Date of the transaction                                      28 April 2026
 f)   Place of the transaction                                     Off market

 

 

 

 

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