Dividend Equivalent Shares

RNS Number : 2559C

Thungela Resources Limited

10 October 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 AND PRESCRIBED OFFICERS

Further to the announcement released on the Stock Exchange News Service of the JSE on 29 March 2022 relating to the award and acceptance of conditional shares by Executive Directors and Prescribed Officers, we hereby provide the followinginformationregardingthe reinvestment of dividends accruing to ordinary shares ("Dividend-Equivalent Shares") awarded to the undermentionedExecutiveDirectors and PrescribedOfficers of Thungela Resources in terms of clause 16.2.1 of the Company's Conditional Long Term Incentive Plan("Conditional LTIP"). The Dividend Equivalent Shares will be subject to the same vesting and other conditions applicable to the conditional shares as disclosed in the SENS announcement dated 29 March 2022, including the employment conditions and performance conditions.

Name	Designation	Number of Dividend-Equivalent Shares*	Value of Award**	Nature of interest
July Ndlovu	Chief Executive Officer	55,182	R16,747,185	Direct beneficial
Gideon Frederick (Deon) Smith	Chief Financial Officer	24,310	R7,377,842	Direct beneficial
Johannes Petrus Daniel van Schalkwyk	Chief Operating Officer	19,295	R5,855,840	Direct beneficial
Leslie Martin	Executive Head of Technical	17,725	R5,379,360	Direct beneficial
Bernard Michael Dalton	Executive Head of Marketing	16,438	R4,988,769	Direct beneficial
Lesego Elias Mataboge	Executive Head of HR	13,130	R3,984,824	Direct beneficial
Nompumelelo Sithole	Executive Head of Corporate Affairs	13,005	R3,946,887	Direct beneficial
Carina Venter	Executive Head of SHE	12,628	R3,832,472	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 calculation of the value of these awards is based on a dividend-adjusted volume-weighted average price equating of 20 days prior to 7 October 2022 which equates to R303,49 per share.

Clearances and approvals for these transactions, which are all of an off-market nature, have been obtained in compliance with the Securities Dealing Policies and Procedures ofThungela.

10 October 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)
			R303,49	55,182
d)	Aggregated information
	- Aggregated volume	55,182
	- Price	R16,747,185
e)	Date of the transaction	7 October 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)
			R303,49	24,310
d)	Aggregated information
	- Aggregated volume	24,310
	- Price	R7,377,842
e)	Date of the transaction	7 October 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)
			R303,49	19,295
d)	Aggregated information
	- Aggregated volume	19,295
	- Price	R5,855,840
e)	Date of the transaction	7 October 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)
			R303,49	17,725
d)	Aggregated information
	- Aggregated volume	17,725
	- Price	R5,378,360
e)	Date of the transaction	7 October 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)
			R303,49	16,438
d)	Aggregated information
	- Aggregated volume	16,438
	- Price	R4,988,769
e)	Date of the transaction	7 October 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)
			R303,49	13,130
d)	Aggregated information
	- Aggregated volume	13,130
	- Price	R3,984,824
e)	Date of the transaction	7 October 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)
			R303,49	13,005
d)	Aggregated information
	- Aggregated volume	13,005
	- Price	R3,946,887
e)	Date of the transaction	7 October 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)
			R303,49	12,628
d)	Aggregated information
	- Aggregated volume	12,628
	- Price	R3,832,472
e)	Date of the transaction	7 October 2022
f)	Place of the transaction	Off market

 

END

 

 

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