RNS Number : 6646C
Thungela Resources Limited
28 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 BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS TO SETTLE TAX OBLIGATIONS
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 and prescribed officers pursuant to the vesting of one third of the forfeitable shares granted under the 2021 Company Share Plan and Remuneration Policy in March 2022, March 2023 and March 2024.
Chief Executive Officer:
July Ndlovu
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
8,341
Date of transaction
24 March 2025
Number of vested of shares sold:
3,853
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R413,234.25
Date of transaction
25 March 2025
Number of vested of shares sold:
2,389
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R260,281.55
Date of transaction
27 March 2025
Number of vested of shares sold:
2,099
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R224,802.90
Nature of interest:
Direct beneficial
Chief Financial Officer:
Gideon Frederick Smith
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
4,487
Date of transaction
24 March 2025
Number of vested of shares sold:
2,074
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R222,436.50
Date of transaction
25 March 2025
Number of vested of shares sold:
1,192
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R129,868.40
Date of transaction
27 March 2025
Number of vested of shares sold:
1,221
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R130,769.10
Nature of interest:
Direct beneficial
Chief Operations Officer:
Johannes Petrus Daniel van Schalkwyk
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
3,365
Date of transaction
24 March 2025
Number of vested of shares sold:
1,617
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R173,423.25
Date of transaction
25 March 2025
Number of vested of shares sold:
938
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R102,195.10
Date of transaction
27 March 2025
Number of vested of shares sold:
810
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R86,751.00
Nature of interest:
Direct beneficial
Executive Head of Technical:
Leslie Martin
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
2,944
Date of transaction
24 March 2025
Number of vested of shares sold:
1,404
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R150,579.00
Date of transaction
25 March 2025
Number of vested of shares sold:
837
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R91,191.15
Date of transaction
27 March 2025
Number of vested of shares sold:
703
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R75,291.30
Nature of interest:
Direct beneficial
Executive Head of Human Resources:
Lesego Elias Mataboge
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
2,072
Date of transaction
24 March 2025
Number of vested of shares sold:
920
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R98,670.00
Date of transaction
25 March 2025
Number of vested of shares sold:
608
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R66,241.60
Date of transaction
27 March 2025
Number of vested of shares sold:
544
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R58,262.40
Nature of interest:
Direct beneficial
Executive Head of Corporate Affairs:
Nompumelelo Sithole
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
2,069
Date of transaction
24 March 2025
Number of vested of shares sold:
920
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R98,670.00
Date of transaction
25 March 2025
Number of vested of shares sold:
605
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R65,914.75
Date of transaction
27 March 2025
Number of vested of shares sold:
544
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R58,262.40
Nature of interest:
Direct beneficial
Executive Head of Safety, Health and Environment:
Carina Venter
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
2,016
Date of transaction
24 March 2025
Number of vested of shares sold:
920
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R98,670.00
Date of transaction
25 March 2025
Number of vested of shares sold:
596
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R64,934.20
Date of transaction
27 March 2025
Number of vested of shares sold:
500
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R53,550.00
Nature of interest:
Direct beneficial
Executive Head of Marketing:
Bernard Michael Dalton
Nature of transaction:
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting
Class of securities:
Ordinary shares
Number of vested shares sold:
2,410
Date of transaction
24 March 2025
Number of vested of shares sold:
1,196
Volume weighted average selling price per share:
R107.25
Highest selling price per share:
R110.93
Lowest selling price per share:
R105.25
Transaction value:
R128,271.00
Date of transaction
25 March 2025
Number of vested of shares sold:
562
Volume weighted average selling price per share:
R108.95
Highest selling price per share:
R110.71
Lowest selling price per share:
R106.36
Transaction value:
R61,229.90
Date of transaction
27 March 2025
Number of vested of shares sold:
652
Volume weighted average selling price per share:
R107.10
Highest selling price per share:
R109.63
Lowest selling price per share:
R106.21
Transaction value:
R69,829.20
Nature of interest:
Direct beneficial
The remaining one third of the forfeitable awards related to the March 2023 award will vest in March 2026, subject to the employment conditions being met. The remaining two thirds of the forfeitable awards related to the March 2024 award will vest in two equal tranches in March 2026 and March 2027, subject to the employment conditions being met. The remaining ordinary shares underlying the unvested forfeitable awards will be held in Treasury until such time that the shares vest under the rules of the 2021 Thungela Share Plan.
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Rosebank
28 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
3,853
R108.95
2,389
R107.10
2,099
d)
Aggregated information
- Aggregated volume
8,341
- Price
R898,318.70
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
2,074
R108.95
1,192
R107.10
1,221
d)
Aggregated information
- Aggregated volume
4,487
- Price
R483,074.00
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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 Operating 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
1,617
R108.95
938
R107.10
810
d)
Aggregated information
- Aggregated volume
3,365
- Price
R362,369.35
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
1,404
R108.95
837
R107.10
703
d)
Aggregated information
- Aggregated volume
2,944
- Price
R317,061.45
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
920
R108.95
608
R107.10
544
d)
Aggregated information
- Aggregated volume
2,072
- Price
R223,174.00
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
920
R108.95
605
R107.10
544
d)
Aggregated information
- Aggregated volume
2,069
- Price
R222,847.15
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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 & 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
920
R108.95
596
R107.10
500
d)
Aggregated information
- Aggregated volume
2,016
- Price
R217,154.20
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On 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
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting of these shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R107.25
1,196
R108.95
562
R107.10
652
d)
Aggregated information
- Aggregated volume
2,410
- Price
R259,330.10
e)
Date of the transaction
24, 25 and 27 March 2025
f)
Place of the transaction
On market
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