RNS Number : 9610M
Thungela Resources Limited
20 November 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

Tax number: 9111917259

("Thungela" or the "Company" and, together with its affiliates, the 'Group')

 

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR VESTING OF CONDITIONAL SHARES

 

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions related to  executive directors and prescribed officers, in terms of the provisions of the Company's 2021 Share Plan and Remuneration Policy, regarding conditional shares which have vested after three years.

 

Chief Executive Officer:

July Ndlovu

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

302,589

Vesting price per share*:

R127.59

Transaction value:

R38,607,330.51

Number of securities that are restricted:

302,589

(Shares are restricted for a further two years until 16 November 2026)

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Chief Financial Officer:

Gideon Frederick Smith

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

126,853

Vesting price per share*:

R127.59

Transaction value:

R16,185,174.27

Number of securities that are restricted:

126,853

(Shares are restricted for a further two years until 16 November 2026)

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Chief Operations Officer:

Johannes Petrus Daniel van Schalkwyk

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

101,301

Vesting price per share*:

R127.59

Transaction value:

R12,924,994.59

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Executive Head of Technical:

Leslie Martin

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

94,759

Vesting price per share*:

R127.59

Transaction value:

R12,090,300.81

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Executive Head of Human Resources:

Lesego Elias Mataboge

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

71,104

Vesting price per share*:

R127.59

Transaction value:

R9,072,159.36

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Executive Head of Corporate Affairs:

Nompumelelo Sithole

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

70,226

Vesting price per share*:

R127.59

Transaction value:

R8,960,135.34

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Executive Head of Safety, Health &  Environment:

Carina Venter

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

67,584

Vesting price per share*:

R127.59

Transaction value:

R8,623,042.56

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

Executive Head of Marketing:

Bernard Michael Dalton

Date of award:

16 November 2021

Nature of transaction:

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

Class of securities:

Ordinary shares

Number of securities that vested:

90,137

Vesting price per share*:

R127.59

Transaction value:

R11,500,579.83

Date of transaction

18 November 2024

Nature of interest:

Direct beneficial

 

* The value of the award is based on a volume weighted average price of a Thungela Resources share for the 20 business days ended 15 November 2024.

 

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

 

Johannesburg

20 November 2024

 

UK Financial adviser and corporate broker

Panmure Liberum  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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

The shares are restricted for another two years until 16 November 2026.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

302,589







d)

 

Aggregated information


- Aggregated volume

302,589

- Price

R38,607,330.51

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

The shares are restricted for another two years until 16 November 2026

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

126,853







d)

 

Aggregated information


- Aggregated volume

126,853

- Price

R16,185,174.27

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

101,301







d)

 

Aggregated information


- Aggregated volume

101,301

- Price

R12,924,994.59

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

94,759







d)

 

Aggregated information


- Aggregated volume

94,759

- Price

R12,090,300.81

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

71,104







d)

 

Aggregated information


- Aggregated volume

71,104

- Price

R9,072,159.36

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

70,226







d)

 

Aggregated information


- Aggregated volume

70,226

- Price

R8,960,135.34

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

67,584







d)

 

Aggregated information


- Aggregated volume

67,584

- Price

R8,623,042.56

e)

Date of the transaction

18 November 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

Off market vesting of conditional shares awarded in terms of the Company's 2021 Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R127.59

90,137







d)

 

Aggregated information


- Aggregated volume

90,137

- Price

R11,500,579.83

e)

Date of the transaction

18 November 2024

f)

Place of the transaction

Off market

 

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