RNS Number : 8636N
Thungela Resources Limited
10 May 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 AND PRESCRIBED OFFICERS FOR ALLOCATION OF DIVIDEND EQUIVALENT SHARES

 

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited, shareholders are advised of the following transactions relating to the reinvestment of dividends ("Dividend Equivalent Shares") on previously allocated conditional share awards to executive directors and prescribed officers in terms of clause 16.2.1 of the Company's Share Plan. The Dividend Equivalent Shares are subject to the same vesting and performance conditions applicable to the conditional shares, as disclosed in the announcement released on the JSE Stock Exchange News Service and LSE Regulatory News Services on 1 December 2021, 29 March 2022 and 9 May 2023.

 

 

Name

Designation

Award

Number of Dividend Equivalent Shares

Value of award (R) *

Nature of interest

J Ndlovu

Chief Executive Officer

LTIP 2021

28,120

3,474,226

Direct beneficial

LTIP 2022

7,880

973,574

LTIP 2023

4,280

528,794

GF Smith

Chief Financial Officer

LTIP 2021

11,789

1,456,531

Direct beneficial

LTIP 2022

4,071

502,972

LTIP 2023

2,211

273,169

JPD van Schalkwyk

Chief Operating Officer

LTIP 2021

9,415

1,163,223

Direct beneficial

LTIP 2022

3,175

392,271

LTIP 2023

1,724

213,000

L Martin

Executive Head of Technical

LTIP 2021

8,807

1,088,105

Direct beneficial

LTIP 2022

2,757

340,627

LTIP 2023

1,498

185,078

BM Dalton

Executive Head of Marketing

LTIP 2021

8,377

1,034,978

Direct beneficial

LTIP 2022

2,348

290,095

LTIP 2023

1,275

157,526

LE Mataboge

Executive Head of Human Resources

LTIP 2021

6,609

816,542

Direct beneficial

LTIP 2022

1,958

241,911

LTIP 2023

1,064

131,457

 

Name

Designation

Award

Number of Dividend Equivalent Shares

Value of award (R) *

Nature of interest

N Sithole

Executive Head of Corporate Affairs

LTIP 2021

6,527

806,411

Direct beneficial

LTIP 2022

1,958

241,911

LTIP 2023

1,064

131,457

C Venter

Executive Head of Safety, Health & Environment

LTIP 2021

6,281

776,018

Direct beneficial

LTIP 2022

1,958

241,911

LTIP 2023

1,064

131,457

 

* The award price per share of R123.55 represents the dividend-adjusted volume weighted average price of a Thungela Resources share for the 20 trading days ended 19 April 2024. The highest and lowest prices of Thungela Resources shares traded over each day were as follows:

 

Date

Highest price per share

Lowest price per share

20 March 2024

127,31

120,29

22 March 2024

125,05

119,25

25 March 2024

121,83

119,00

26 March 2024

124,91

118,00

27 March 2024

124,32

119,31

28 March 2024

124,89

120,47

2 April 2024

128,38

121,05

3 April 2024

130,86

126,50

4 April 2024

134,00

130,00

5 April 2024

133,34

127,04

8 April 2024

132,86

129,02

9 April 2024

136,53

130,55

10 April 2024

143,61

134,00

11 April 2024

145,00

137,17

12 April 2024

149,61

144,53

15 April 2024

149,67

145,69

16 April 2024

148,94

141,82

17 April 2024

139,00

134,40

18 April 2024

137,69

130,48

19 April 2024

138,69

132,19

 

Clearance was obtained for these transactions, which were all effected off-market.

 

 

 

 

Johannesburg

10 May 2024

 

UK Financial adviser and corporate broker

Liberum Capital Limited

 

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 allocation of dividend-equivalent shares on previously granted 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)




R123.55

28,120




R123.55

7,880




R123.55

4,280







d)

 

Aggregated information


- Aggregated volume

40,280

- Price

R4,976,594

e)

Date of the transaction

9 May 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)

Name

Gideon Frederick Smith

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)




R123.55

11,789




R123.55

4,071




R123.55

2,211







d)

 

Aggregated information


- Aggregated volume

18,071

- Price

R2,232,672

e)

Date of the transaction

9 May 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

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)




R123.55

9,415




R123.55

3,175




R123.55

1,724







d)

 

Aggregated information


- Aggregated volume

14,314

- Price

R1,768,495

e)

Date of the transaction

9 May 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

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)




R123.55

8,807




R123.55

2,757




R123.55

1,498







d)

 

Aggregated information


- Aggregated volume

13,062

- Price

R1,613,810

e)

Date of the transaction

9 May 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 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)




R123.55

6,609




R123.55

1,958




R123.55

1,064







d)

 

Aggregated information


- Aggregated volume

9,631

- Price

R1,189,910

e)

Date of the transaction

9 May 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

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)




R123.55

6,527




R123.55

1,958




R123.55

1,064







d)

 

Aggregated information


- Aggregated volume

9,549

- Price

R1,179,779

e)

Date of the transaction

9 May 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 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)




R123.55

6,281




R123.55

1,958




R123.55

1,064







d)

 

Aggregated information


- Aggregated volume

9,303

- Price

R1,149,386

e)

Date of the transaction

9 May 2024

f)

Place of the transaction

Off market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bernard 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)




R123.55

8,377




R123.55

2,348




R123.55

1,275







d)

 

Aggregated information


- Aggregated volume

12,000

- Price

R1,482,600

e)

Date of the transaction

9 May 2024

f)

Place of the transaction

Off market

 

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