Director/PDMR Shareholding - LTIP Awards

RNS Number : 0984U

Thungela Resources Limited

01 December 2021

 

Thungela Resources Limited

Incorporated in the Republic of South Africa

Registration number: 2021/303811/06

ISIN: ZAE000296554

LEI: 213800EGYK3BN3SRIF27

Share code: TGA

("Thungela Resources" or "the Company")

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS

Award and acceptance of conditional shares

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding a delayed award and acceptance of conditional shares pertaining to the 2020 calendar year which would have, absent the demerger, been concluded in March 2021. The award is made and accepted by the undermentioned Executive Directors and Prescribed Officers of Thungela Resources Limited in terms of the Company's Share Plan and Remuneration Policy:

Nature of transactions	Acceptance of conditional shares in terms of the Company's 2021 Share Plan and Remuneration Policy
Class of securities	Ordinary shares
Nature and extent of interest	Direct, beneficial
Transactions completed on or off market	N/A
Date of acceptance	30 November 2021
Vesting period/date	16 November 2024

Name	Designation	Number of conditional shares*	Value of Award** R
July Ndlovu	Chief Executive Officer	201,962	R7,339,299
Gideon Frederick (Deon) Smith	Chief Financial Officer	84,668	R3,076,835
Johannes Petrus Daniel van Schalkwyk	Chief Operating Officer	67,613	R2,457,056
Leslie Martin	Executive Head of Technical	63,247	R2,298,396
Bernard Michael Dalton	Executive Head of Marketing	60,162	R2,186,287
Lesego Elias Mataboge	Executive Head of HR	47,458	R1,724,624
Nompumelelo Sithole	Executive Head of Corporate Affairs	46,872	R1,703,328
Carina Venter	Executive Head of SHE	45,109	R1,639,261

* The vesting of the conditional shares is conditional on pre-determined performance conditions and continued employment by Thungela and where applicable, the reasons for the cessation of such employment.

** The calculation of the value of these awards is based on a share price of R36,34/share.

The requisite clearances and approvals for these transactions have been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela and paragraph 3.66 of the Listings Requirements.

Rosebank

1 December 2021

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 award to and acceptance of the 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	Off market acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	201,962
d)	Aggregated information
	- Aggregated volume	201,962
	- Price	R7,339,299
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	84,668
d)	Aggregated information
	- Aggregated volume	84,668
	- Price	R3,076,835
e)	Date of the transaction	30 November 2021
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 Operating 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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	67,613
d)	Aggregated information
	- Aggregated volume	67,613
	- Price	R2,457,056
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	63,247
d)	Aggregated information
	- Aggregated volume	63,247
	- Price	R2,298,396
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	60,162
d)	Aggregated information
	- Aggregated volume	60,162
	- Price	R2,186,287
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	47,458
d)	Aggregated information
	- Aggregated volume	47,458
	- Price	R1,724,624
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	46,872
d)	Aggregated information
	- Aggregated volume	46,872
	- Price	R1,703,328
e)	Date of the transaction	30 November 2021
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 acceptance of conditional long term incentive awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R36.34	45,109
d)	Aggregated information
	- Aggregated volume	45,109
	- Price	R1,639,261
e)	Date of the transaction	30 November 2021
f)	Place of the transaction	Off market

 

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