REG - Thungela Resources - Director/PDMR Shareholding
08/05/2025 12:30
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RNS Number : 9105H Thungela Resources Limited 08 May 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 EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("the JSE Listings Requirements"), shareholders are provided with
the following information related to executive directors and prescribed
officers of Thungela in terms of the provisions of the Company's 2021 Share
Plan and Remuneration Policy, regarding the award and acceptance of
conditional shares.
Chief Executive Officer: July Ndlovu
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 191,165
Award price per share*: R94.26
Award value: R18,019,212.90
Nature of interest: Direct beneficial
Chief Financial Officer: Gideon Frederick Smith
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 91,834
Award price per share*: R94.26
Award value: R8,656,272.84
Nature of interest: Direct beneficial
Chief Operations Officer: Johannes Petrus Daniel van Schalkwyk
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 57,770
Award price per share*: R94.26
Award value: R5,445,400.20
Nature of interest: Direct beneficial
Executive Head of Technical: Leslie Martin
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 50,181
Award price per share*: R94.26
Award value: R4,730,061.06
Nature of interest: Direct beneficial
Executive Head of Human Resources: Lesego Elias Mataboge
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 38,151
Award price per share*: R94.26
Award value: R3,596,113.26
Nature of interest: Direct beneficial
Executive Head of Corporate Affairs: Nompumelelo Sithole
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 38,120
Award price per share*: R94.26
Award value: R3,593,191.20
Nature of interest: Direct beneficial
Executive Head of Safety, Health and Environment: Carina Venter
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 38,093
Award price per share*: R94.26
Award value: R3,590,646.18
Nature of interest: Direct beneficial
Executive Head of Marketing: Bernard Michael Dalton
Nature of transaction: Off market award and acceptance of conditional shares
Class of securities: Ordinary shares
Date of acceptance: 5 May 2025
Vesting date: 15 April 2028
Number of conditional shares: 46,549
Award price per share*: R94.26
Award value: R4,387,708.74
Nature of interest: Direct beneficial
Vesting of the awards is conditional on pre-determined performance and
employment conditions.
* Award price per share represents the dividend-adjusted volume weighted
average price of a Thungela share on the JSE for the 20 business days ended 14
April 2025. The highest and lowest prices traded prices for Thungela shares
over each day were as follows:
Date Highest price per share Lowest price per share
17 March 2025 117.00 108.00
18 March 2025 116.50 113.24
19 March 2025 114.96 110.16
20 March 2025 117.19 111.16
24 March 2025 110.93 105.25
25 March 2025 110.71 106.36
26 March 2025 110.32 107.50
27 March 2025 109.63 105.71
28 March 2025 108.14 105.10
31 March 2025 107.96 100.92
1 April 2025 104.07 99.01
2 April 2025 107.03 101.53
3 April 2025 102.71 98.70
4 April 2025 100.48 95.00
7 April 2025 97.19 90.63
8 April 2025 100.18 94.71
9 April 2025 100.80 91.04
10 April 2025 98.44 93.21
11 April 2025 97.28 94.26
14 April 2025 96.69 93.79
Clearance for these transactions has been obtained.
Rosebank
8 May 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 191,165
d) Aggregated information
- Aggregated volume 191,165
- Price R18,019,212.90
e) Date of the transaction 5 May 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 91,834
d) Aggregated information
- Aggregated volume 91,834
- Price R8,656,272.84
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Johannes Petrus Daniel 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 57,770
d) Aggregated information
- Aggregated volume 57,770
- Price R5,445,400.20
e) Date of the transaction 5 May 2025
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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 50,181
d) Aggregated information
- Aggregated volume 50,181
- Price R4,730,061.06
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lesego Elias 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 38,151
d) Aggregated information
- Aggregated volume 38,151
- Price R3,596,113.26
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nompumelelo 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 38,120
d) Aggregated information
- Aggregated volume 38,120
- Price R3,593,191.20
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carina Venter
2 Reason for the notification
a) Position/status PDMR - Executive Head of Safety, Health and Environment
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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 38,093
d) Aggregated information
- Aggregated volume 38,093
- Price R3,590,646.18
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bernard Michael 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 award and acceptance of conditional shares in terms of the
Company's 2021 Share Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R94.26 46,549
d) Aggregated information
- Aggregated volume 46,549
- Price R4,387,708.74
e) Date of the transaction 5 May 2025
f) Place of the transaction Off market
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