REG - Thungela Resources - Director/PDMR Shareholding

Thungela ResourcesAnnouncement

19/03/2025 12:00

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RNS Number : 3282B  Thungela Resources Limited  19 March 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 ON BEHALF OF EXECUTIVE DIRECTORS FOR CONDITIONAL SHARES
SUBJECT TO A HOLDING PERIOD

 

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the
following transactions on behalf of executive directors in terms of the
Company's 2021 Share Plan and Remuneration Policy. The performance condition
for the 2022 Conditional Share Award was measured on 7 March 2025. The shares
held on behalf of executive directors are subject to a further two-year
holding period before they will be delivered to them. The executive directors
may not dispose of the shares during the holding period.

 

 Chief Executive Officer:                    July Ndlovu
 Date of award:                              7 March 2022
 Nature of transaction:                      Off market provision of measured conditional shares subject to a further
                                             two-year holding period
 Class of securities:                        Ordinary shares
 Number of securities provided:              106,548
 Provision price per share*:                 R113.94
 Value of shares subject to holding period:  R12,140,079.12
 Date of transaction                         17 March 2025
 Nature of interest:                         Direct beneficial

 

 Chief Financial Officer:                    Gideon Frederick Smith
 Date of award:                              7 March 2022
 Nature of transaction:                      Off market provision of measured conditional shares subject to a further
                                             two-year holding period
 Class of securities:                        Ordinary shares
 Number of securities provided:              55,045
 Provision price per share*:                 R113.94
 Value of shares subject to holding period:  R6,271.827.30
 Date of transaction                         17 March 2025
 Nature of interest:                         Direct beneficial

 

* Provision share price represents the volume weighted average price of a
Thungela Resources share for the 20 days ended 14 March 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
 17 February 2025  R123.00                  R119.84
 18 February 2025  R121.91                  R118.00
 19 February 2025  R119.50                  R116.36
 20 February 2025  R118.31                  R116.08
 21 February 2025  R117.00                  R113.49
 24 February 2025  R115.81                  R113.22
 25 February 2025  R117.61                  R113.19
 26 February 2025  R117.84                  R110.27
 27 February 2025  R113.36                  R109.00
 28 February 2025  R112.90                  R107.47
 3 March 2025      R113.44                  R107.11
 4 March 2025      R117.08                  R111.50
 5 March 2025      R118.64                  R113.51
 6 March 2025      R117.45                  R113.14
 7 March 2025      R113.40                  R110.40
 10 March 2025     R114.70                  R110.91
 11 March 2025     R116.53                  R110.91
 12 March 2025     R114.80                  R111.83
 13 March 2025     R112.89                  R109.66
 14 March 2025     R110.50                  R107.28

 

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

 

Johannesburg

19 March 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                                    Off market provision of measured conditional shares subject to a further
                                                                   two-year holding period
 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        R113.94              106,548

 d)   Aggregated information

      - Aggregated volume                                          106,548
      - Price                                                      R12,140,079.12
 e)   Date of the transaction                                      17 March 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                                    Off market provision of measured conditional shares subject to a further
                                                                   two-year holding period
 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        R113.94              55,045

 d)   Aggregated information

      - Aggregated volume                                          55,045
      - Price                                                      R6,271.827.30
 e)   Date of the transaction                                      17 March 2025
 f)   Place of the transaction                                     Off market

 

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