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 FOR VESTING OF CONDITIONAL SHARES
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions related to executive directors and prescribed officers, in terms of the provisions of the Company's 2021 Share Plan and Remuneration Policy, regarding conditional shares which have vested after three years.
| Chief Executive Officer: | July Ndlovu |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 302,589 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R38,607,330.51 |
| Number of securities that are restricted: | 302,589 (Shares are restricted for a further two years until 16 November 2026) |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Chief Financial Officer: | Gideon Frederick Smith |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 126,853 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R16,185,174.27 |
| Number of securities that are restricted: | 126,853 (Shares are restricted for a further two years until 16 November 2026) |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Chief Operations Officer: | Johannes Petrus Daniel van Schalkwyk |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 101,301 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R12,924,994.59 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Executive Head of Technical: | Leslie Martin |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 94,759 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R12,090,300.81 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Executive Head of Human Resources: | Lesego Elias Mataboge |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 71,104 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R9,072,159.36 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Executive Head of Corporate Affairs: | Nompumelelo Sithole |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 70,226 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R8,960,135.34 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Executive Head of Safety, Health & Environment: | Carina Venter |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 67,584 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R8,623,042.56 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
| Executive Head of Marketing: | Bernard Michael Dalton |
| Date of award: | 16 November 2021 |
| Nature of transaction: | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan |
| Class of securities: | Ordinary shares |
| Number of securities that vested: | 90,137 |
| Vesting price per share*: | R127.59 |
| Transaction value: | R11,500,579.83 |
| Date of transaction | 18 November 2024 |
| Nature of interest: | Direct beneficial |
* The value of the award is based on a volume weighted average price of a Thungela Resources share for the 20 business days ended 15 November 2024.
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Johannesburg
20 November 2024
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 vesting of conditional shares awarded in terms of the Company's 2021 Share Plan The shares are restricted for another two years until 16 November 2026. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 302,589 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 302,589 | ||||
| - Price | R38,607,330.51 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan The shares are restricted for another two years until 16 November 2026 | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 126,853 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 126,853 | ||||
| - Price | R16,185,174.27 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 101,301 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 101,301 | ||||
| - Price | R12,924,994.59 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 94,759 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 94,759 | ||||
| - Price | R12,090,300.81 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 71,104 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 71,104 | ||||
| - Price | R9,072,159.36 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 70,226 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 70,226 | ||||
| - Price | R8,960,135.34 | ||||
| e) | Date of the transaction | 18 November 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 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 67,584 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 67,584 | ||||
| - Price | R8,623,042.56 | ||||
| e) | Date of the transaction | 18 November 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 | Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R127.59 | 90,137 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 90,137 | ||||
| - Price | R11,500,579.83 | ||||
| e) | Date of the transaction | 18 November 2024 | |||
| f) | Place of the transaction | Off market | |||
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