RNS Number : 6838Z
Thungela Resources Limited
08 April 2026
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, PRESCRIBED OFFICERS AND THE COMPANY SECRETARY
In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions. The transactions relate to the off-market grant and acceptance of forfeitable share awards by executive directors, prescribed officers and the company secretary. The award was made in terms of the Company's 2021 Share Plan and as contemplated in the Remuneration Policy.
Chief Executive Officer
Moses Madondo
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
8,823
Vesting date(s):
23 March 2027 - 2,941
23 March 2028 - 2,941
23 March 2029 - 2,941
Award price:
R162.03
Award value:
R1,429,590.69
Nature of interest:
Direct beneficial
Chief Financial Officer
Deon Smith
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
12,653
Vesting date(s):
23 March 2027 - 4,217
23 March 2028 - 4,218
23 March 2029 - 4,218
Award price:
R162.03
Award value:
R2,050,165.59
Nature of interest:
Direct beneficial
Chief Operations Officer
Johan van Schalkwyk
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
8,614
Vesting date(s):
23 March 2027 - 2,871
23 March 2028 - 2,871
23 March 2029 - 2,872
Award price:
R162.03
Award value:
R1,395,726.42
Nature of interest:
Direct beneficial
Executive Head of Technical
Leslie Martin
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
8,067
Vesting date(s):
23 March 2027 - 2,689
23 March 2028 - 2,689
23 March 2029 - 2,689
Award price:
R162.03
Award value:
R1,307,096.01
Nature of interest:
Direct beneficial
Executive Head of Human Resources
Lesego Mataboge
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
6,133
Vesting date(s):
23 March 2027 - 2,044
23 March 2028 - 2,044
23 March 2029 - 2.045
Award price:
R162.03
Award value:
R993,729.99
Nature of interest:
Direct beneficial
Executive Head of Corporate Affairs
Mpumi Sithole
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
5,684
Vesting date(s):
23 March 2027 - 1,894
23 March 2028 - 1,895
23 March 2029 - 1.895
Award price:
R162.03
Award value:
R920,978.52
Nature of interest:
Direct beneficial
Executive Head of Marketing
Bernard Dalton
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
6,941
Vesting date(s):
23 March 2027 - 2,313
23 March 2028 - 2,314
23 March 2029 - 2,314
Award price:
R162.03
Award value:
R1,124,650.23
Nature of interest:
Direct beneficial
Company Secretary
Tovi Ellis
Nature of transaction:
Off market grant and acceptance of forfeitable shares
Grant date:
23 March 2026
Date of acceptance:
7 April 2026
Class of securities:
Ordinary shares
Number of shares:
3,485
Vesting date(s):
23 March 2027 - 1,161
23 March 2028 - 1,162
23 March 2029 - 1,162
Award price:
R162.03
Award value:
R564,674.55
Nature of interest:
Direct beneficial
Vesting of the awards is conditional on pre-determined employment conditions.
Award price represents the dividend-adjusted volume weighted average price of a Thungela share on the JSE for the 3 business days ended 25 March 2026. This equates to R162.03 per share.
Clearance for these transactions has been obtained in accordance with paragraph 6.83 of the JSE Listings Requirements.
Johannesburg
8 April 2026
UK Financial adviser and corporate broker
Panmure Liberum Limited
JSE 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
Moses Madondo
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
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
8,823
d)
Aggregated information
- Aggregated volume
8,823
- Price
R1,429,590.69
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Deon 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
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
12,653
d)
Aggregated information
- Aggregated volume
12,653
- Price
R2,050,165.59
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Johan 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
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
8,614
d)
Aggregated information
- Aggregated volume
8,614
- Price
R1,395,726.42
e)
Date of the transaction
7 April 2026
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 grant and acceptance of forfeitable shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
8,067
d)
Aggregated information
- Aggregated volume
8,067
- Price
R1,307,096.01
e)
Date of the transaction
7 April 2026
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 grant and acceptance of forfeitable shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
6,133
d)
Aggregated information
- Aggregated volume
6,133
- Price
R993,729.99
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mpumi 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
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
5,684
d)
Aggregated information
- Aggregated volume
5,684
- Price
R920,978.52
e)
Date of the transaction
7 April 2026
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 grant and acceptance of forfeitable shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R162.03
6,941
d)
Aggregated information
- Aggregated volume
6,941
- Price
R1,124,650.23
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Off market
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