Dealings in Securities

Thungela Resources Limited

03 May 2023

 

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' or 'Thungela')

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding the reinvestment of dividends accruing to ordinary shares ("Dividend Equivalent Shares") awarded to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1 of the Company's Share Plan. The Dividend Equivalent Shares will be subject to the same vesting and other conditions applicable to the conditional shares as disclosed in the SENS announcements dated 1 December 2021 and 29 March 2022.

Name	Designation	Award	Number of Dividend Equivalent Shares*	Value of award** R	Nature of interest
J Ndlovu	Chief Executive Officer	LTIP 2021	64,561	10,445,324	Direct, beneficial
		LTIP 2022	18,091	2,926,943
GF Smith	Chief Financial Officer	LTIP 2021	27,066	4,379,008	Direct, beneficial
		LTIP 2022	9,345	1,511,928
JPD van Schalkwyk	Chief Operating Officer	LTIP 2021	21,613	3,496,767	Direct, beneficial
		LTIP 2022	7,288	1,179,126
L Martin	Executive Head of Technical	LTIP 2021	20,218	3,271,070	Direct, beneficial
		LTIP 2022	6,329	1,023,969
BM Dalton	Executive Head of Marketing	LTIP 2021	19,232	3,111,545	Direct, beneficial
		LTIP 2022	5,389	871,886
LE Mataboge	Executive Head of HR	LTIP 2021	15,171	2,454,516	Direct, beneficial
		LTIP 2022	4,496	727,408
N Sithole	Executive Head of Corporate Affairs	LTIP 2021	14,984	2,424,261	Direct, beneficial
		LTIP 2022	4,496	727,408
C Venter	Executive Head of SHE	LTIP 2021	14,420	2,333,012	Direct, beneficial
		LTIP 2022	4,496	727,408

* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and the participant's continued employment by Thungela up until the end of the vesting period (for the 2021 LTIP - 16 November 2024; and for the 2022 LTIP - 7 March 2025) in line with the 2021 Thungela Share Plan.

** The calculation of the value of these awards is based on a dividend adjusted volume weighted average price for the

 20 trading days prior to 24 April 2023, which equates to R161.79 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 of Thungela.

3 May 2023

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 provide the following information regarding the award to and 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)
			R161,79	64,561
			R161,79	18,091
d)	Aggregated information
	- Aggregated volume	82,652
	- Price	R13,372,267
e)	Date of the transaction	2 May 2023
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)
			R161,79	27,066
			R161,79	9,345
d)	Aggregated information
	- Aggregated volume	36,411
	- Price	R5,890,936
e)	Date of the transaction	2 May 2023
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)
			R161,79	21,613
			R161,79	7,288
d)	Aggregated information
	- Aggregated volume	28,901
	- Price	R4,675,893
e)	Date of the transaction	2 May 2023
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)
			R161,79	20,218
			R161,79	6,329
d)	Aggregated information
	- Aggregated volume	26,547
	- Price	R4,295,039
e)	Date of the transaction	2 May 2023
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)
			R161,79	19,232
			R161,79	5,389
d)	Aggregated information
	- Aggregated volume	24,621
	- Price	R3,983,432
e)	Date of the transaction	2 May 2023
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)
			R161,79	15,171
			R161,79	4,496
d)	Aggregated information
	- Aggregated volume	19,667
	- Price	R3,181,924
e)	Date of the transaction	2 May 2023
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)
			R161,79	14,984
			R161,79	4,496
d)	Aggregated information
	- Aggregated volume	19,480
	- Price	R3,151,669
e)	Date of the transaction	2 May 2023
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)
			R161,79	14,420
			R161,79	4,496
d)	Aggregated information
	- Aggregated volume	18,916
	- Price	R3,060,420
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Off market

 

END