Thungela Resources - Dealings in Securities

Thungela Resources

24/03/2026 14:30

RNS Number : 9470X

Thungela Resources Limited

24 March 2026

 

Thungela Resources Limited

(Incorporated in the Republic of South Africa)

(Registration number: 2021/303811/06)

ISIN: ZAE000296554

JSE share code: TGA

LSE share code: TGA

("Thungela Resources" or "Company")

 

DEALING IN SECURITIES BY A DIRECTOR

 

In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements of the JSE Limited, the following information is disclosed:

 

Director
:
Gideon Frederick Smith
Company
:
Thungela Resources
Date of transaction
:
23 March 2026
Class of securities
:
Ordinary shares
Nature of transaction
:
The early termination of an off-market collar hedge over 250 000 ordinary shares announced on 29 April 2024, which will result in the sale of the shares at a price of R172.6192per share to settle the mark-to-market of the options and related funding transaction.
Number of securities
:
250 000
Total value of transaction
:
R43,154,800
Nature of interest
:
Direct, beneficial
Clearance obtained
:
Yes

 

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

 

UK Financial adviser and corporate broker

Panmure Liberum Limited

 

Johannesburg

24 March 2026

 

 

 

 

 

 

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibility and persons closely associated with them.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
Gideon Frederick Smith
2
Reason for notification
a.
Position/Status
PDMR
b.
Initial notification/Amendment
Initial
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
Identification Code
Ordinary shares of no par value
ISIN: ZAE000296554
SEDOL: BMV3M27
b.
Nature of the transaction
Early termination of an off-market collar hedge over shares of the Company to settle the mark-to-market of the options and related funding transaction.
c.
Price(s) and volume(s)
250 000 ordinary shares exercised atR172.6192per share.
d.
Aggregated information
- Aggregated Volume
- Price
Volume: 250 000 ordinary shares
Price: R172.6192
e.
Date of the transaction
24 March 2026
f.
Place of the transaction
XJSE


 

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