Director/PDMR Shareholding

RNS Number : 6412G

Thungela Resources Limited

30 March 2022

 

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 DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised of the information regarding the awards to and acceptance of awards by the following executive directors, prescribed officers and the company secretary of the Company of forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy:

Chief Executive Officer:	J Ndlovu
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	15,919 (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*:	R159,72/share
Deemed value of transaction:	R2,542,465
Nature of interest:	Direct Beneficial

Chief Financial Officer:	GF Smith
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	7,941 (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*:	R159,72/share
Deemed value of transaction:	R1,268,262
Nature of interest:	Direct Beneficial

Chief Operations Officer:	JPD van Schalkwyk
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	6,247 (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*:	R159,72/share
Deemed value of transaction:	R997,612
Nature of interest:	Direct Beneficial

Executive Head of Technical:	L Martin
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	5,580 (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*:	R159,72/share
Deemed value of transaction:	R891,117
Nature of interest:	Direct Beneficial

Executive Head of Human Resources:	LE Mataboge
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	4,050 (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*:	R159,72/share
Deemed value of transaction:	R646,770
Nature of interest:	Direct Beneficial

Executive Head of Corporate Affairs:	N Sithole
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	4,030 (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*:	R159,72/share
Deemed value of transaction:	R643,570
Nature of interest:	Direct Beneficial

Executive Head of SHE:	C Venter
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	3,970 (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*:	R159,72/share
Deemed value of transaction:	R633,951
Nature of interest:	Direct Beneficial

Executive Head of Marketing:	BM Dalton
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	3,742 (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*:	R159,72/share
Deemed value of transaction:	R597,596
Nature of interest:	Direct Beneficial

Company Secretary:	DF Klem
Grant Date:	22 March 2022
Date of transaction:	28 March 2022
Nature of transaction:	Off market grant and acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	2,963 (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*:	R159,72/share
Deemed value of transaction:	R473,238
Nature of interest:	Direct Beneficial

* Award price per share is based on a 3-day VWAP ended 25 March 2022 of a Thungela Resources share. 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
23 March 2022	164,00	157,10
24 March 2022	176,42	163,10
25 March 2022	175,00	158,30

Clearance to deal in terms of the JSE Listings Requirements was obtained in respect of the above transactions.

Johannesburg

30 March 2022

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

The notifications set out below regarding the awards to and acceptance of awards by Persons Discharging Managerial Responsibilities (PDMRs) of forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy are made in accordance with the UK version of the EU Market Abuse Regulation (2014/596/EU) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018:

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)
			R159,72	15,919
d)	Aggregated information
	- Aggregated volume	15,919
	- Price	R2,542,465
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

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)
			R159,72	7,941
d)	Aggregated information
	- Aggregated volume	7,941
	- Price	R1,268,262
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

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 - 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)
			R159,72	6,247
d)	Aggregated information
	- Aggregated volume	6,247
	- Price	R997,612
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Leslie Martin
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)
			R159,72	5,580
d)	Aggregated information
	- Aggregated volume	5,580
	- Price	R891,117
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

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)
			R159,72	4,050
d)	Aggregated information
	- Aggregated volume	4,050
	- Price	R646,770
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

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)
			R159,72	4,030
d)	Aggregated information
	- Aggregated volume	4,030
	- Price	R643,570
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market. Johannesburg Stock Exchange

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)
			R159,72	3,970
d)	Aggregated information
	- Aggregated volume	3,970
	- Price	R633,951
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

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)
			R159,72	3,742
d)	Aggregated information
	- Aggregated volume	3,742
	- Price	R597,596
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market. Johannesburg Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Francois Klem
2	Reason for the notification
a)	Position/status	PDMR - 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)
			R159,72	2,963
d)	Aggregated information
	- Aggregated volume	2,963
	- Price	R473,238
e)	Date of the transaction	28 March 2022
f)	Place of the transaction	On market, Johannesburg Stock Exchange

 

END

 

 

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