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" or "the Company")
DEALINGS IN SECURITIES BY THE 2021 THUNGELA SHARE PLAN TO COVER TAX OBLIGATIONS IN TERMS OF THE COMPANY'S SHARE PLAN RULES
In compliance with the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding the sale of shares to settle tax obligations arising from the vesting of 33% of the forfeitable share awards granted for 2022 and 2023 under the 2021 Thungela Share Plan.
| Date of transaction: | 28 March 2024 |
| Nature of transaction: | On-market sale of securities |
| Class of securities: | Ordinary shares |
| Number of securities: | 77,727 |
| Volume weighted average selling price per security: | 122.04 |
| Highest selling price per security: | 124.89 |
| Lowest selling price per security: | 120.47 |
| Transaction value: | R9,485,803.08 |
| Nature of interest: | Direct beneficial |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | On-market sale of securities |
| Class of securities: | Ordinary shares |
| Number of securities: | 25,029 |
| Volume weighted average selling price per security: | 125.95 |
| Highest selling price per security: | 128.38 |
| Lowest selling price per security: | 121.05 |
| Transaction value: | 3,152,652.84 |
| Nature of interest: | Direct beneficial |
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Rosebank
4 April 2024
UK Financial adviser and corporate broker
Liberum Capital Limited
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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