Dealings in Securities

Thungela Resources Limited

08 June 2023

 

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 ON BEHALF OF EXECUTIVE DIRECTORS TO SETTLE TAX OBLIGATIONS ARISING FROM THE VESTING OF AWARDS

Shareholders are advised of the following dealings on behalf of Thungela executive directors pursuant to the vesting, on 4 June 2023, of the final 50% of the milestone awards granted and accepted in 2021:

Chief Executive Officer:	J Ndlovu
Date of transaction:	6 June 2023
Nature of transaction:	On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting
Class of securities:	Ordinary shares
Number of securities:	202,424
Sale price per share:	R130.50
Transaction value:	R26,416,332
Nature of interest:	Direct beneficial

Chief Financial Officer:	GF Smith
Date of transaction:	6 June 2023
Nature of transaction:	On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting
Class of securities:	Ordinary shares
Number of securities:	101,212
Sale price per share:	R130.50
Transaction value:	R13,208,166
Nature of interest:	Direct beneficial

This is the final vesting of the milestone awards that were granted in 2021.

*Sale price per share is based on a 2-day VWAP ended 6 June 2023 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
5 June 2023	135.00	128.18
6 June 2023	133.78	129.23

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

Rosebank

8 June 2023

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	On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R130.50	202,424
d)	Aggregated information
	- Aggregated volume	202,424
	- Price	R26,416,332
e)	Date of the transaction	6 June 2023
f)	Place of the transaction	On market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Deon 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	On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R130.50	101,212
d)	Aggregated information
	- Aggregated volume	101,212
	- Price	R13,208,166
e)	Date of the transaction	6 June 2023
f)	Place of the transaction	On market

 

END