8th May 2025 12:30
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 shares in 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 shares in 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 shares in 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 shares in 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 shares in 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 shares in 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 shares in 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 shares in 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 | |||
Related Shares:
Thungela Resources