RNS Number : 3400J
Thungela Resources Limited
04 April 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

("Thungela Resources" or "the Company")

 

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

 

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors, prescribed officers and the company secretary of Thungela Resources were awarded forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy:

 

Chief Executive Officer:

July Ndlovu

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

25,684

(33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R2,993,470

Nature of interest:

Direct beneficial

 

Chief Financial Officer:

Gideon Frederick Smith

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

13,822

(33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)

Award price per share*:

R116.55

Deemed value of transaction:

R1,610,954

Nature of interest:

Direct beneficial

 

Chief Operations Officer:

Johannes Petrus Daniel van Schalkwyk

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

10,777

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R1,256,059

Nature of interest:

Direct beneficial

 

Executive Head of Technical:

Leslie Martin

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

9,360

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R1,090,908

Nature of interest:

Direct beneficial

 

Executive Head of Human Resources:

Lesego Elias Mataboge

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

6,129

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R714,335

Nature of interest:

Direct beneficial

 

Executive Head of Corporate Affairs:

Nompumelelo Sithole

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

6,129

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R714,335

Nature of interest:

Direct beneficial

 

Executive Head of SHE:

Carina Venter

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

6,129

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R714,335

Nature of interest:

Direct beneficial

 

Executive Head of Marketing:

Bernard Michael Dalton

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

7,970

(33,33% of shares will vest in equal tranches over 3 years provided that the prescribed officer remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R928,904

Nature of interest:

Direct beneficial

 

Company Secretary:

Daniel Francois Klem

Grant Date:

18 March 2024

Date of transaction:

2 April 2024

Nature of transaction:

Off market grant and acceptance of forfeitable shares

Class of securities:

Ordinary shares

Number of securities:

4,756

(33,33% of shares will vest in equal tranches over 3 years provided that the company secretary remains in the employ of the Company)

Award price per share*:

R116.55

Transaction value:

R554,312

Nature of interest:

Direct beneficial

 

 

* Award price per share represents the volume weighted average price of a Thungela Resources share for the 3 days ended 20 March 2024. The highest and lowest prices traded for Thungela Resources shares over each day were as follows:

 

Date

Highest price per share

Lowest price per share

18 March 2024

116,49

106,22

19 March 2024

121,00

113,95

20 March 2024

127,31

120,29

 

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

 

Johannesburg

4 April 2024

 

UK Financial adviser and corporate broker

Liberum Capital Limited

 

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

25,684







d)

 

Aggregated information


- Aggregated volume

25,684

- Price

R2,993,470

e)

Date of the transaction

2 April 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)

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

13,822







d)

 

Aggregated information


- Aggregated volume

13,822

- Price

R1,610,954

e)

Date of the transaction

2 April 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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

10,777







d)

 

Aggregated information


- Aggregated volume

10,777

- Price

R1,256,059

e)

Date of the transaction

2 April 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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

9,360







d)

 

Aggregated information


- Aggregated volume

9,360

- Price

R1,090,908

e)

Date of the transaction

2 April 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 HR

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

6,129







d)

 

Aggregated information


- Aggregated volume

6,129

- Price

R714,335

e)

Date of the transaction

2 April 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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

6,129







d)

 

Aggregated information


- Aggregated volume

6,129

- Price

R714,335

e)

Date of the transaction

2 April 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 SHE

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

6,129







d)

 

Aggregated information


- Aggregated volume

6,129

- Price

R714,335

e)

Date of the transaction

2 April 2024

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

7,970







d)

 

Aggregated information


- Aggregated volume

7,970

- Price

R928,904

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

Off market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Francois Klem

2

Reason for the notification

a)

Position/status

Company Secretary

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

Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R116.55

4,756







d)

 

Aggregated information


- Aggregated volume

4,756

- Price

R554,312

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

Off market

 

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