Dealings in Securities

Thungela Resources Limited

05 October 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')

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS - ALLOCATION OF DIVIDEND EQUIVALENT SHARES

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding the reinvestment of dividends accruing to ordinary shares ("Dividend Equivalent Shares") awarded on 29 September 2023 to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1 of the 2021 Thungela 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, 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	21,734	3,256 840	Direct, Beneficial
		LTIP 2022	6,090	912,587
		LTIP 2023	3,307	495,554
GF Smith	Chief Financial Officer	LTIP 2021	9,111	1,365,283	Direct, Beneficial
		LTIP 2022	3,147	471,578
		LTIP 2023	1,709	256,094
JPD van Schalkwyk	Chief Operating Officer	LTIP 2021	7,277	1,090,458	Direct, Beneficial
		LTIP 2022	2,453	367,582
		LTIP 2023	1,332	199,600
L Martin	Executive Head of Technical	LTIP 2021	6,805	1,019,729	Direct, Beneficial
		LTIP 2022	2,130	319,181
		LTIP 2023	1,157	173,376
BM Dalton	Executive Head of Marketing	LTIP 2021	6,475	970,279	Direct, Beneficial
		LTIP 2022	1,814	271,828
		LTIP 2023	985	147,602
LE Mataboge	Executive Head of HR	LTIP 2021	5,106	765,134	Direct, Beneficial
		LTIP 2022	1,513	226,723
		LTIP 2023	822	123,177

N Sithole	Executive Head of Corporate Affairs	LTIP 2021	5,043	755,694	Direct, Beneficial
		LTIP 2022	1,513	226,723
		LTIP 2023	822	123,177
C Venter	Executive Head of SHE	LTIP 2021	4,855	727,522	Direct, Beneficial
		LTIP 2022	1,513	226,723
		LTIP 2023	822	123,177

* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and continued employment by Thungela up until the end of the employment period for the 2021 LTIP - 16 November 2024; the 2022 LTIP - 7 March 2025; and the 2023 LTIP - 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 26 August 2023, which equates to R149.85 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.

5 October 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)
			R149,85	21,734
			R149,85	6,090
			R149,85	3,307
d)	Aggregated information
	- Aggregated volume	31,131
	- Price	R4,664,980
e)	Date of the transaction	29 September 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)
			R149,85	9,111
			R149,85	3,147
			R149,85	1,709
d)	Aggregated information
	- Aggregated volume	13,967
	- Price	R2,092,955
e)	Date of the transaction	29 September 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)
			R149,85	7,277
			R149,85	2,453
			R149,85	1,332
d)	Aggregated information
	- Aggregated volume	11,062
	- Price	R1,657,641
e)	Date of the transaction	29 September 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)
			R149,85	6,805
			R149,85	2,130
			R149,85	1,157
d)	Aggregated information
	- Aggregated volume	10,092
	- Price	R1,512,286
e)	Date of the transaction	29 September 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)
			R149,85	6,475
			R149,85	1,814
			R149,85	985
d)	Aggregated information
	- Aggregated volume	9,274
	- Price	R1,389,709
e)	Date of the transaction	29 September 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)
			R149,85	5,106
			R149,85	1,513
			R149,85	822
d)	Aggregated information
	- Aggregated volume	7,441
	- Price	R1,115,034
e)	Date of the transaction	29 September 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)
			R149,85	5,043
			R149,85	1,513
			R149,85	822
d)	Aggregated information
	- Aggregated volume	7,378
	- Price	R1,105,593
e)	Date of the transaction	29 September 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)
			R149,85	4,855
			R149,85	1,513
			R149,85	822
d)	Aggregated information
	- Aggregated volume	7,190
	- Price	R1,077,422
e)	Date of the transaction	29 September 2023
f)	Place of the transaction	Off market

 

END