RNS Number : 7015D
Thungela Resources Limited
04 April 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 accordance with paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions related to executive directors and prescribed officers of Thungela Resources in terms of the provisions of the Company's 2021 Share Plan and Remuneration Policy, regarding the allocation of forfeitable shares.
Chief Executive Officer:
July Ndlovu
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
33,060 (One third of the shares will vest each year over three years provided that the executive director remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R3,767,517.60
Nature of interest:
Direct beneficial
Chief Financial Officer:
Gideon Frederick Smith
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
17,790 (One third of the shares will vest each year over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:
R113.96
Deemed value of transaction:
R2,027,348.40
Nature of interest:
Direct beneficial
Chief Operations Officer:
Johannes Petrus Daniel van Schalkwyk
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
13,872 (One third of the shares will vest each year over three years provided that the executive director remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,580,853.12
Nature of interest:
Direct beneficial
Executive Head of Technical:
Leslie Martin
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
12,048 (One third of the shares will vest each year over three years provided that the prescribed officer remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,372,990.08
Nature of interest:
Direct beneficial
Executive Head of Human Resources:
Lesego Elias Mataboge
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
8,857 (One third of the shares will vest each year over three years provided that the prescribed officer remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,009,343.72
Nature of interest:
Direct beneficial
Executive Head of Corporate Affairs:
Nompumelelo Sithole
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
8,857 (One third of the shares will vest each year over three years provided that the prescribed officer remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,009,343.72
Nature of interest:
Direct beneficial
Executive Head of SHE:
Carina Venter
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
8,857 (One third of the shares will vest each year over three years provided that the prescribed officer remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,009,343.72
Nature of interest:
Direct beneficial
Executive Head of Marketing:
Bernard Michael Dalton
Grant Date:
17 March 2025
Date of transaction:
2 April 2025
Nature of transaction:
Off market grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
Class of securities:
Ordinary shares
Number of securities:
10,515 (One third of the shares will vest each year over three years provided that the prescribed officer remains in the employ of the Company)
Award price per share*:
R113.96
Transaction value:
R1,198,289.40
Nature of interest:
Direct beneficial
* Award price per share represents the volume weighted average price of a Thungela Resources share on the JSE for the 3 days ended 19 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 March 2025
R117.00
R108.00
18 March 2025
R116.50
R113.24
19 March 2025
R114.96
R110.16
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Johannesburg
4 April 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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
33,060
d)
Aggregated information
- Aggregated volume
33,060
- Price
R3,767,517.60
e)
Date of the transaction
2 April 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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
17,790
d)
Aggregated information
- Aggregated volume
17,790
- Price
R2,027,348.40
e)
Date of the transaction
2 April 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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
13,872
d)
Aggregated information
- Aggregated volume
13,872
- Price
R1,580,853.12
e)
Date of the transaction
2 April 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
Direct beneficial
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
12,048
d)
Aggregated information
- Aggregated volume
12,048
- Price
R1,372,990.08
e)
Date of the transaction
2 April 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 HR
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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
8,857
d)
Aggregated information
- Aggregated volume
8,857
- Price
R1,009,343.72
e)
Date of the transaction
2 April 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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
8,857
d)
Aggregated information
- Aggregated volume
8,857
- Price
R1,009,343.72
e)
Date of the transaction
2 April 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 SHE
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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
8,857
d)
Aggregated information
- Aggregated volume
8,857
- Price
R1,009,343.72
e)
Date of the transaction
2 April 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 grant and acceptance of forfeitable shares in terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R113.96
10,515
d)
Aggregated information
- Aggregated volume
10,515
- Price
R1,198,289.40
e)
Date of the transaction
2 April 2025
f)
Place of the transaction
Off market
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