REG - Thungela Resources - Director/PDMR Shareholding
06/10/2025 09:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251006:nRSF1831Ca&default-theme=true
RNS Number : 1831C Thungela Resources Limited 06 October 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")
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 provisions of the Company's 2021 Share Plan
regarding the reinvestment of dividends ("Dividend Equivalent Shares") on
previously allocated conditional share awards in relation to ordinary shares.
The reinvestment of the dividends occurred on 2 October 2025.
The vesting of the Dividend Equivalent Shares is conditional on the same
performance and employment conditions applicable to the conditional shares to
which they relate, as disclosed in the announcements released on the JSE Stock
Exchange News Service and LSE Regulatory News Services on 9 May 2023, 3 June
2024, 15 May 2025, and 22 September 2025.
Name Designation Award Number of Dividend Equivalent Shares Value of award* Nature of interest
J Ndlovu Chief Executive Officer LTIP 2023 1,461 R130,774.11 Direct beneficial
LTIP 2024 1,818 R162,729.18
LTIP 2025 4,271 R382,297.21
G Smith Chief Financial Officer LTIP 2023 755 R67,580.05 Direct beneficial
LTIP 2024 939 R84,049.89
LTIP 2025 2,052 R183,674.52
J van Schalkwyk Chief Operations Officer LTIP 2023 588 R52,631.88 Direct beneficial
LTIP 2024 732 R65,521.32
LTIP 2025 1,291 R115,557.41
L Martin Executive Head of Technical LTIP 2023 511 R45,739.61 Direct beneficial
LTIP 2024 636 R56,928.36
LTIP 2025 1,121 R100,340.71
L Mataboge Executive Head of Human Resources LTIP 2023 363 R32,492.13 Direct beneficial
LTIP 2024 467 R41,801.17
LTIP 2025 852 R76,262.52
N Sithole Executive Head of Corporate Affairs LTIP 2023 363 R32,492.13 Direct beneficial
LTIP 2024 467 R41,801.17
LTIP 2025 852 R76,262.52
B Dalton Executive Head of Marketing LTIP 2023 435 R38,936.85 Direct beneficial
LTIP 2024 555 R49,678.05
LTIP 2025 1,040 R93,090.40
M Madondo Chief Executive Officer designate LTIP 2025 4,381 R392,143.31 Direct beneficial
* Value of the award is based on an award price per share representing the
dividend-adjusted volume weighted average price of a Thungela share on the JSE
for the 20 business days ended 19 September 2025. This equates to R89.51 per
share.
Clearance to deal, in terms of the JSE Listings Requirements, for these
transactions have been obtained.
Johannesburg
6 October 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)
R89.51 1,461
R89.51 1,818
R89.51 4,271
d) Aggregated information
- Aggregated volume 7,550
- Price R675,800.50
e) Date of the transaction 2 October 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gideon 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)
R89.51 755
R89.51 939
R89.51 2,052
d) Aggregated information
- Aggregated volume 3,746
- Price R335,304.46
e) Date of the transaction 2 October 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Johannes 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)
R89.51 588
R89.51 732
R89.51 1,291
d) Aggregated information
- Aggregated volume 2,611
- Price R233,710.61
e) Date of the transaction 2 October 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)
R89.51 511
R89.51 636
R89.51 1,121
d) Aggregated information
- Aggregated volume 2,268
- Price R203,008.68
e) Date of the transaction 2 October 2025
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 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)
R89.51 363
R89.51 467
R89.51 852
d) Aggregated information
- Aggregated volume 1,682
- Price R150,555.82
e) Date of the transaction 2 October 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)
R89.51 363
R89.51 467
R89.51 852
d) Aggregated information
- Aggregated volume 1,682
- Price R150,555.82
e) Date of the transaction 2 October 2025
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 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)
R89.51 435
R89.51 555
R89.51 1,040
d) Aggregated information
- Aggregated volume 2,030
- Price R181,705.30
e) Date of the transaction 2 October 2025
f) Place of the transaction Off market
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 designate
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)
R89.51 4,381
d) Aggregated information
- Aggregated volume 4,381
- Price R392,143.31
e) Date of the transaction 2 October 2025
f) Place of the transaction Off market
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFIFEDIFLRIIERecent news on Thungela Resources
See all newsREG - Thungela Resources - Holding(s) in Company
AnnouncementREG - Thungela Resources - Holding(s) in Company
AnnouncementREG - Thungela Resources - Director/PDMR Shareholding
AnnouncementREG - Thungela Resources - Director/PDMR Shareholding
AnnouncementREG - Thungela Resources - Total Voting Rights
Announcement