Dealings in securities

Thungela Resources Limited

04 October 2024

 

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 ALLOCATION OF DIVIDEND EQUIVALENT SHARES

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the Johannesburg Stock Exchange (JSE) Limited, shareholders are advised of the following allocations relating to the reinvestment of dividends ("Dividend Equivalent Shares") on previously allocated conditional share awards to executive directors and prescribed officers in terms of clause 16.2.1 of the Company's Share Plan. The Dividend Equivalent Shares are subject to the same vesting and performance conditions applicable to the conditional shares, as disclosed in the announcement released on the JSE Stock Exchange News Service and LSE Regulatory News Services on 1 December 2021, 29 March 2022, 9 May 2023 and 3 June 2024.

Name	Designation	Award	Number of Dividend Equivalent Shares	Value of award (R) *	Nature of interest
J Ndlovu	Chief Executive Officer	Long term incentive plan (LTIP) 2021	6,995	751,053	Direct beneficial
		LTIP 2022	1,960	210,445
		LTIP 2023	1,065	114,349
		LTIP 2024	1,325	142,265
GF Smith	Chief Financial Officer	LTIP 2021	2,932	314,809	Direct beneficial
		LTIP 2022	1,012	108,658
		LTIP 2023	550	59,054
		LTIP 2024	684	73,441
JPD van Schalkwyk	Chief Operating Officer	LTIP 2021	2,342	251,461	Direct beneficial
		LTIP 2022	789	84,715
		LTIP 2023	429	46,062
		LTIP 2024	534	57,336
L Martin	Executive Head of Technical	LTIP 2021	2,190	235,140	Direct beneficial
		LTIP 2022	686	73,656
		LTIP 2023	373	40,049
		LTIP 2024	463	49,712

Name	Designation	Award	Number of Dividend Equivalent Shares	Value of award (R)	Nature of interest
BM Dalton	Executive Head of Marketing	LTIP 2021	2,084	223,759	Direct beneficial
		LTIP 2022	584	62,704
		LTIP 2023	317	34,036
		LTIP 2024	404	43,377
LE Mataboge	Executive Head of Human Resources	LTIP 2021	1,644	176,516	Direct beneficial
		LTIP 2022	487	52,289
		LTIP 2023	265	28,453
		LTIP 2024	341	36,613
N Sithole	Executive Head of Corporate Affairs	LTIP 2021	1,623	174,262	Direct beneficial
		LTIP 2022	487	52,289
		LTIP 2023	265	28,453
		LTIP 2024	341	36,613
C Venter	Executive Head of Safety, Health & Environment	LTIP 2021	1,563	167,819	Direct beneficial
		LTIP 2022	487	52,289
		LTIP 2023	265	28,453
		LTIP 2024	341	36,613

* Award price per share represents the dividend-adjusted volume weighted average price of a Thungela Resources share for the 20 days ended 20 September 2024. The highest and lowest prices traded for Thungela Resources shares over each day were as follows:

Date	Highest price per share (R)	Lowest price per share (R)
26 August 2024	122,00	118,40
27 August 2024	122,54	118,22
28 August 2024	120,13	117,02
29 August 2024	119,00	116,60
30 August 2024	119,24	116,01
2 September 2024	116,20	113,50
3 September 2024	114,58	111,50
4 September 2024	111,98	108,60
5 September 2024	111,87	107,90
6 September 2024	111,59	108,50
9 September 2024	111,34	107,52
10 September 2024	109,59	106,00
11 September 2024	108,98	102,01
12 September 2024	107,50	103,10
13 September 2024	108,55	103,40
14 September 2024	109,33	106,25
15 September 2024	109,22	107,00
16 September 2024	107,50	104,19
17 September 2024	108,08	102,10
18 September 2024	105,66	103,00

Clearances and approvals for these transactions, which are all of an off market nature, was obtained.

Johannesburg

4 October 2024

UK Financial adviser and corporate broker

Panmure Liberum Capital Limited

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

In compliance with the UK Listings Requirements, we hereby provide the following information regarding the allocation of dividend-equivalent shares on previously granted conditional long term incentive awards.

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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	6,995
			R107.37	1,960
			R107.37	1,065
			R107.37	1,325
d)	Aggregated information
	- Aggregated volume	11,345
	- Price	R1,218,113
e)	Date of the transaction	4 October 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)	Name	Gideon Frederick Smith
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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	2,932
			R107.37	1,012
			R107.37	550
			R107.37	684
d)	Aggregated information
	- Aggregated volume	5,178
	- Price	R555,962
e)	Date of the transaction	4 October 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	2,342
			R107.37	789
			R107.37	429
			R107.37	534
d)	Aggregated information
	- Aggregated volume	4,094
	- Price	R439,573
e)	Date of the transaction	4 October 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	2,190
			R107.37	686
			R107.37	373
			R107.37	463
d)	Aggregated information
	- Aggregated volume	3,712
	- Price	R398,557
e)	Date of the transaction	4 October 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 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	1,644
			R107.37	487
			R107.37	265
			R107.37	341
d)	Aggregated information
	- Aggregated volume	2,737
	- Price	R293,872
e)	Date of the transaction	4 October 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	1,623
			R107.37	487
			R107.37	265
			R107.37	341
d)	Aggregated information
	- Aggregated volume	2,716
	- Price	R291,617
e)	Date of the transaction	4 October 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	1,563
			R107.37	487
			R107.37	265
			R107.37	341
d)	Aggregated information
	- Aggregated volume	2,656
	- Price	R285,175
e)	Date of the transaction	4 October 2024
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bernard 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	Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R107.37	2,084
			R107.37	584
			R107.37	317
			R107.37	404
d)	Aggregated information
	- Aggregated volume	3,389
	- Price	R363,877
e)	Date of the transaction	4 October 2024
f)	Place of the transaction	Off market

 

END