Director/PDMR Shareholding

RNS Number : 2643S

Thungela Resources Limited

12 November 2021

 

Thungela Resources Limited

Incorporated in the Republic of South Africa

(Registration number: 2021/303811/06)

ISIN: ZAE000296554

Share Code: TGA

("Thungela")

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following acceptance of conditional retention awards of Thungela ordinary shares by executive directors.

Chief Executive Officer…:	J Ndlovu
Date of transaction  :	11 November 2021
Nature of transaction… :	Off market acceptance of conditional retention awards
Class of securities… :	Conditional retention awards in respect of ordinary shares
Number of securities  …...:	899,658
Deemed price per security… …:	R66.65
Deemed value of transaction….:	R59,962,205.70
Nature of interest….:	Direct beneficial

Chief Financial Officer… … ….:	GF Smith
Date of transaction… …..:	11 November 2021
Nature of transaction… …..:	Off market acceptance of conditional retention awards
Class of securities….  :	Conditional retention awards in respect of ordinary shares
Number of securities… …..:	449,829
Deemed price per security  :	R66.65
Deemed value of transaction  :	R29,981,102.85
Nature of interest…..:	Direct beneficial

The vesting of these conditional retention awards will occur on 4 June 2022 (50%) and on 4 June 2023 (50%), subject to employment conditions being met. The ordinary shares underlying the conditional retention awards will be held in a non-tradable account.  The ordinary shares will remain restricted until such time as vesting occurs.

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

Johannesburg

12 November 2021

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 acceptance of conditional retention awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R66.65	899,658
d)	Aggregated information
	- Aggregated volume	899,658
	- Price	R59,962,205.70
e)	Date of the transaction	11 November 2021
f)	Place of the transaction	Off 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	Off market acceptance of conditional retention awards
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R66.65	449,829
d)	Aggregated information
	- Aggregated volume	449,829
	- Price	R29,981,102.85
e)	Date of the transaction	11 November 2021
f)	Place of the transaction	Off market

 

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