Director/PDMR Shareholding

RNS Number : 0550N

Thungela Resources Limited

27 May 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

Tax number: 9111917259

('Company' or 'Thungela Resources')

DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND THE COMPANY

Reinvestment of dividends accruing to ordinary shares previously awarded under the conditional long term incentive plan

In compliance with paragraphs3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the followinginformationregardingthe reinvestment of dividends accruing to ordinary shares previously awarded under the conditional long term incentive plan. The award is made to the undermentionedExecutiveDirectors and PrescribedOfficers of Thungela Resources Limited in terms of clause 16.2.1 of the Company's Share Plan. The Company has, on 25 May 2022, acquired 143,011 shares on market in order to fulfil the reinvestment of the dividends.

These Thungela ordinary shares were acquired with prior clearance, at a volume-weighted average price ("VWAP") of R251.25 per ordinary share.  The total transaction value amounted to R35,032,300. 

Name	Designation	Number of dividend-equivalent shares*	Value of Award** R	Nature of interest
July Ndlovu	Chief Executive Officer	20,565	R5,166,956	Direct beneficial
Gideon Frederick (Deon) Smith	Chief Financial Officer	9,060	R2,276,325	Direct beneficial
Johannes Petrus Daniel van Schalkwyk	Chief Operating Officer	7,191	R1,806,739	Direct beneficial
Leslie Martin	Executive Head of Technical	6,606	R1,659,758	Direct beneficial
Bernard Michael Dalton	Executive Head of Marketing	6,126	R1,539,158	Direct beneficial
Lesego Elias Mataboge	Executive Head of HR	4,894	R1,229,618	Direct beneficial
Nompumelelo Sithole	Executive Head of Corporate Affairs	4,847	R1,217,809	Direct beneficial
Carina Venter	Executive Head of SHE	4,707	R1,182,634	Direct beneficial

* The vesting ofthe dividend-equivalent shares is conditional onpre- determined performance conditions and continued employment byThungela and where applicable, the reasons forthe cessation of such employment.

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

27 May 2022

Rosebank

UK Financial adviser and corporate broker

Liberum Capital Limited

Tel: [phone]

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

In compliance with the UK Listings Requirements, we hereby providethe following information regarding the award toand 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	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)
			R251,25	20,565
d)	Aggregated information
	- Aggregated volume	20,565
	- Price	R5,166,956
e)	Date of the transaction	25 May 2022
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	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)
			R251,25	9,060
d)	Aggregated information
	- Aggregated volume	9,060
	- Price	R2,276,325
e)	Date of the transaction	25 May 2022
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	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)
			R251,25	7,191
d)	Aggregated information
	- Aggregated volume	7,191
	- Price	R1,806,739
e)	Date of the transaction	25 May 2022
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)
			R251,25	6,606
d)	Aggregated information
	- Aggregated volume	6,606
	- Price	R1,659,758
e)	Date of the transaction	25 May 2022
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	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)
			R251,25	6,126
d)	Aggregated information
	- Aggregated volume	6,126
	- Price	R1,539,158
e)	Date of the transaction	25 May 2022
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)
			R251,25	4,894
d)	Aggregated information
	- Aggregated volume	4,894
	- Price	R1,229,618
e)	Date of the transaction	25 May 2022
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 awarded under conditional long term incentive plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R251,25	4,847
d)	Aggregated information
	- Aggregated volume	4,847
	- Price	R1,217,809
e)	Date of the transaction	25 May 2022
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)
			R251,25	4,707
d)	Aggregated information
	- Aggregated volume	4,707
	- Price	R1,182,634
e)	Date of the transaction	25 May 2022
f)	Place of the transaction	Off market

 

END

 

 

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