RNS Number : 9105H
Thungela Resources Limited
08 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 the provisions of the Company's 2021 Share Plan and Remuneration Policy, regarding the award and acceptance of conditional shares.
Chief Executive Officer:
July Ndlovu
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
191,165
Award price per share*:
R94.26
Award value:
R18,019,212.90
Nature of interest:
Direct beneficial
Chief Financial Officer:
Gideon Frederick Smith
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
91,834
Award price per share*:
R94.26
Award value:
R8,656,272.84
Nature of interest:
Direct beneficial
Chief Operations Officer:
Johannes Petrus Daniel van Schalkwyk
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
57,770
Award price per share*:
R94.26
Award value:
R5,445,400.20
Nature of interest:
Direct beneficial
Executive Head of Technical:
Leslie Martin
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
50,181
Award price per share*:
R94.26
Award value:
R4,730,061.06
Nature of interest:
Direct beneficial
Executive Head of Human Resources:
Lesego Elias Mataboge
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
38,151
Award price per share*:
R94.26
Award value:
R3,596,113.26
Nature of interest:
Direct beneficial
Executive Head of Corporate Affairs:
Nompumelelo Sithole
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
38,120
Award price per share*:
R94.26
Award value:
R3,593,191.20
Nature of interest:
Direct beneficial
Executive Head of Safety, Health and Environment:
Carina Venter
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
38,093
Award price per share*:
R94.26
Award value:
R3,590,646.18
Nature of interest:
Direct beneficial
Executive Head of Marketing:
Bernard Michael Dalton
Nature of transaction:
Off market award and acceptance of conditional shares
Class of securities:
Ordinary shares
Date of acceptance:
5 May 2025
Vesting date:
15 April 2028
Number of conditional shares:
46,549
Award price per share*:
R94.26
Award value:
R4,387,708.74
Nature of interest:
Direct beneficial
Vesting of the awards is conditional on pre-determined performance and employment conditions.
* Award price per share represents the dividend-adjusted volume weighted average price of a Thungela share on the JSE for the 20 business days ended 14 April 2025. The highest and lowest prices traded prices for Thungela shares over each day were as follows:
Date
Highest price per share
Lowest price per share
17 March 2025
117.00
108.00
18 March 2025
116.50
113.24
19 March 2025
114.96
110.16
20 March 2025
117.19
111.16
24 March 2025
110.93
105.25
25 March 2025
110.71
106.36
26 March 2025
110.32
107.50
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
Clearance for these transactions has been obtained.
Rosebank
8 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
191,165
d)
Aggregated information
- Aggregated volume
191,165
- Price
R18,019,212.90
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
91,834
d)
Aggregated information
- Aggregated volume
91,834
- Price
R8,656,272.84
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
57,770
d)
Aggregated information
- Aggregated volume
57,770
- Price
R5,445,400.20
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
50,181
d)
Aggregated information
- Aggregated volume
50,181
- Price
R4,730,061.06
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
38,151
d)
Aggregated information
- Aggregated volume
38,151
- Price
R3,596,113.26
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
38,120
d)
Aggregated information
- Aggregated volume
38,120
- Price
R3,593,191.20
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
38,093
d)
Aggregated information
- Aggregated volume
38,093
- Price
R3,590,646.18
e)
Date of the transaction
5 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
Off market award and acceptance of conditional sharesin terms of the Company's 2021 Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
R94.26
46,549
d)
Aggregated information
- Aggregated volume
46,549
- Price
R4,387,708.74
e)
Date of the transaction
5 May 2025
f)
Place of the transaction
Off market
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