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
("Thungela Resources" or "the Company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors, prescribed officers and the company secretary of Thungela Resources were awarded forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy:
| Chief Executive Officer: | July Ndlovu |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 25,684 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R2,993,470 |
| Nature of interest: | Direct beneficial |
| Chief Financial Officer: | Gideon Frederick Smith |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 13,822 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Deemed value of transaction: | R1,610,954 |
| Nature of interest: | Direct beneficial |
| Chief Operations Officer: | Johannes Petrus Daniel van Schalkwyk |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 10,777 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R1,256,059 |
| Nature of interest: | Direct beneficial |
| Executive Head of Technical: | Leslie Martin |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 9,360 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R1,090,908 |
| Nature of interest: | Direct beneficial |
| Executive Head of Human Resources: | Lesego Elias Mataboge |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 6,129 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R714,335 |
| Nature of interest: | Direct beneficial |
| Executive Head of Corporate Affairs: | Nompumelelo Sithole |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 6,129 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R714,335 |
| Nature of interest: | Direct beneficial |
| Executive Head of SHE: | Carina Venter |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 6,129 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R714,335 |
| Nature of interest: | Direct beneficial |
| Executive Head of Marketing: | Bernard Michael Dalton |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 7,970 (33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R928,904 |
| Nature of interest: | Direct beneficial |
| Company Secretary: | Daniel Francois Klem |
| Grant Date: | 18 March 2024 |
| Date of transaction: | 2 April 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 4,756 (33,33% of shares will vest in equal tranches over 3 years provided that the company secretary remains in the employ of the Company) |
| Award price per share*: | R116.55 |
| Transaction value: | R554,312 |
| Nature of interest: | Direct beneficial |
* Award price per share represents the volume weighted average price of a Thungela Resources share for the 3 days ended 20 March 2024. The highest and lowest prices traded for Thungela Resources shares over each day were as follows:
| Date | Highest price per share | Lowest price per share |
| 18 March 2024 | 116,49 | 106,22 |
| 19 March 2024 | 121,00 | 113,95 |
| 20 March 2024 | 127,31 | 120,29 |
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Johannesburg
4 April 2024
UK Financial adviser and corporate broker
Liberum Capital 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 25,684 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 25,684 | ||||
| - Price | R2,993,470 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 13,822 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 13,822 | ||||
| - Price | R1,610,954 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 10,777 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 10,777 | ||||
| - Price | R1,256,059 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 9,360 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 9,360 | ||||
| - Price | R1,090,908 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 HR | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 6,129 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 6,129 | ||||
| - Price | R714,335 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 6,129 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 6,129 | ||||
| - Price | R714,335 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 SHE | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 6,129 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 6,129 | ||||
| - Price | R714,335 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 7,970 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 7,970 | ||||
| - Price | R928,904 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| f) | Place of the transaction | Off market | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Daniel Francois Klem | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Company Secretary | |||
| 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 | Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R116.55 | 4,756 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 4,756 | ||||
| - Price | R554,312 | ||||
| e) | Date of the transaction | 2 April 2024 | |||
| f) | Place of the transaction | Off market | |||
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