RNS Number : 7403O
Thungela Resources Limited
05 October 2023
 

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

('Company' or 'Thungela Resources')

 

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS - ALLOCATION OF DIVIDEND EQUIVALENT SHARES

 

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding the reinvestment of dividends accruing to ordinary shares ("Dividend Equivalent Shares") awarded on 29 September 2023 to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1 of the 2021 Thungela Share Plan. The Dividend Equivalent Shares will be subject to the same vesting and other conditions applicable to the conditional shares as disclosed in the SENS announcements dated 1 December 2021, 29 March 2022 and 9 May 2023.

 

 

Name

Designation

Award

Number of Dividend Equivalent Shares*

Value of award**

R

Nature of interest

J Ndlovu

Chief Executive Officer

LTIP 2021

21,734

3,256 840

Direct, Beneficial

LTIP 2022

6,090

912,587

LTIP 2023

3,307

495,554

GF Smith

Chief Financial Officer

LTIP 2021

9,111

1,365,283

Direct, Beneficial

LTIP 2022

3,147

471,578

LTIP 2023

1,709

256,094

JPD van Schalkwyk

Chief Operating Officer

LTIP 2021

7,277

1,090,458

Direct, Beneficial

LTIP 2022

2,453

367,582

LTIP 2023

1,332

199,600

L Martin

Executive Head of Technical

LTIP 2021

6,805

1,019,729

Direct, Beneficial

LTIP 2022

2,130

319,181

LTIP 2023

1,157

173,376

BM Dalton

Executive Head of Marketing

LTIP 2021

6,475

970,279

Direct, Beneficial

LTIP 2022

1,814

271,828

LTIP 2023

985

147,602

LE Mataboge

Executive Head of HR

LTIP 2021

5,106

765,134

Direct, Beneficial

LTIP 2022

1,513

226,723

LTIP 2023

822

123,177

 

N Sithole

Executive Head of Corporate Affairs

LTIP 2021

5,043

755,694

Direct, Beneficial

LTIP 2022

1,513

226,723

LTIP 2023

822

123,177

C Venter

Executive Head of SHE

LTIP 2021

4,855

727,522

Direct, Beneficial

LTIP 2022

1,513

226,723

LTIP 2023

822

123,177

 

* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and continued employment by Thungela up until the end of the employment period for the 2021 LTIP - 16 November 2024; the 2022 LTIP - 7 March 2025; and the 2023 LTIP - in line with the 2021 Thungela Share Plan.

 

** The calculation of the value of these awards is based on a dividend adjusted volume weighted average price for the 20 trading days prior to 26 August 2023, which equates to R149.85 per share.

 

Clearances and approvals for these transactions, which are all of an off-market nature, have been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela.

 

5 October 2023

Rosebank

 

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: +44 20 3100 2000

 

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

 

In compliance with the UK Listings Requirements, we hereby provide the following information regarding the award to and acceptance of the conditional long term incentive awards:

 

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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

21,734




R149,85

6,090




R149,85

3,307







d)

 

Aggregated information


- Aggregated volume

31,131

- Price

R4,664,980

e)

Date of the transaction

29 September 2023

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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

9,111




R149,85

3,147




R149,85

1,709







d)

 

Aggregated information


- Aggregated volume

13,967

- Price

R2,092,955

e)

Date of the transaction

29 September 2023

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 Operating 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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

7,277




R149,85

2,453




R149,85

1,332







d)

 

Aggregated information


- Aggregated volume

11,062

- Price

R1,657,641

e)

Date of the transaction

29 September 2023

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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

6,805




R149,85

2,130




R149,85

1,157







d)

 

Aggregated information


- Aggregated volume

10,092

- Price

R1,512,286

e)

Date of the transaction

29 September 2023

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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

6,475




R149,85

1,814




R149,85

985







d)

 

Aggregated information


- Aggregated volume

9,274

- Price

R1,389,709

e)

Date of the transaction

29 September 2023

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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

5,106




R149,85

1,513




R149,85

822







d)

 

Aggregated information


- Aggregated volume

7,441

- Price

R1,115,034

e)

Date of the transaction

29 September 2023

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 awarded under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

5,043




R149,85

1,513




R149,85

822







d)

 

Aggregated information


- Aggregated volume

7,378

- Price

R1,105,593

e)

Date of the transaction

29 September 2023

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 & 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 under conditional long term incentive plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R149,85

4,855




R149,85

1,513




R149,85

822







d)

 

Aggregated information


- Aggregated volume

7,190

- Price

R1,077,422

e)

Date of the transaction

29 September 2023

f)

Place of the transaction

Off market

 

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