RNS Number : 8171I
Thungela Resources Limited
15 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 provisions of the Company's 2021 Share Plan regarding the reinvestment of dividends ("Dividend Equivalent Shares") on previously allocated conditional share awards. 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 and 3 June 2024.
Name
Designation
Award
Number of Dividend Equivalent Shares
Value ofaward*
Nature of interest
J Ndlovu
Chief Executive Officer
LTIP 2023
7,165
R640,336.05
Direct beneficial
LTIP 2024
8,916
R796,822.92
GF Smith
Chief Financial Officer
LTIP 2023
3,701
R330,758.37
Direct beneficial
LTIP 2024
4,606
R411,638.22
JPD van Schalkwyk
Chief Operations Officer
LTIP 2023
2,886
R257,921.82
Direct beneficial
LTIP 2024
3,591
R320,927.67
L Martin
Executive Head of Technical
LTIP 2023
2,507
R224,050.59
Direct beneficial
LTIP 2024
3,119
R278,745.03
Name
Designation
Award
Number of Dividend Equivalent Shares
Value ofaward*
Nature of interest
LE Mataboge
Executive Head of Human Resources
LTIP 2023
1,781
R159,167.97
Direct beneficial
LTIP 2024
2,293
R204,925.41
N Sithole
Executive Head of Corporate Affairs
LTIP 2023
1,781
R159,167.97
Direct beneficial
LTIP 2024
2,293
R204,925.41
C Venter
Executive Head of Safety, Health & Environment
LTIP 2023
1,781
R159,167.97
Direct beneficial
LTIP 2024
2,293
R204,925.41
BM Dalton
Executive Head of Marketing
LTIP 2023
2,134
R190,715.58
Direct beneficial
LTIP 2024
2,722
R243,265.14
* 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 25 April 2025. This equates to R89.37 per share. The highest and lowest prices traded for Thungela shares over each day were as follows:
Date
Highest price per share (R)
Lowest price per share (R)
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
15 April 2025
99.39
94.95
16 April 2025
100.00
97.67
17 April 2025
101.84
97.30
22 April 2025
106.29
99.36
23 April 2025
96.60
92.09
24 April 2025
98.56
92.90
25 April 2025
96.72
92.94
Clearance for these transactions has been obtained.
Rosebank
15 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
7,165
R89.37
8,916
d)
Aggregated information
- Aggregated volume
16,081
- Price
R1,437,158.97
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
3,701
R89.37
4,606
d)
Aggregated information
- Aggregated volume
8,307
- Price
R742,396.59
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
2,886
R89.37
3,591
d)
Aggregated information
- Aggregated volume
6,477
- Price
R578,849.49
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
2,507
R89.37
3,119
d)
Aggregated information
- Aggregated volume
5,626
- Price
R502,795.62
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
1,781
R89.37
2,293
d)
Aggregated information
- Aggregated volume
4,074
- Price
R364,093.38
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
1,781
R89.37
2,293
d)
Aggregated information
- Aggregated volume
4,074
- Price
R364,093.38
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
1,781
R89.37
2,293
d)
Aggregated information
- Aggregated volume
4,074
- Price
R364,093.38
e)
Date of the transaction
14 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
Reinvestment of dividends accruing to ordinary shares previously awarded as conditional share awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R89.37
2,134
R89.37
2,722
d)
Aggregated information
- Aggregated volume
4,856
- Price
R433,980.72
e)
Date of the transaction
14 May 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 or visit 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.
END
DSHUVAWRVOUVARR
