DEALINGS IN SECURITIES BY THE COMPANY SECRETARY
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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”)
DEALINGS IN SECURITIES BY THE COMPANY SECRETARY
In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the JSE Limited (“the JSE Listings Requirements”), shareholders are advised of the following transaction. The transaction relates to the vesting of forfeitable share awards and the subsequent on market sale of shares by the company secretary to settle tax obligations arising from such vesting. The vesting occurred in terms of the Company’s 2021 Share Plan and as contemplated in the Remuneration Policy.
|
Company Secretary |
Tovi Ellis |
|
Nature of transaction: |
On market sale of vested forfeitable shares to settle tax obligations arising from the vesting |
|
Class of securities: |
Ordinary shares |
|
Trading date: |
2 November 2026 |
|
Number of shares: |
1,052 |
|
VWAP per share: |
R132.23 |
|
Highest price per share: |
R141.89 |
|
Lowest price per share: |
R125.01 |
|
Transaction value: |
R139,105.96 |
|
Nature of interest: |
Direct beneficial |
The remaining ordinary shares underlying the unvested forfeitable awards will be held in escrow until they vest subject to the employment conditions being met.
Clearance for this transaction has been obtained in accordance with paragraph 6.83 of the JSE Listings Requirements.
Johannesburg
6 November 2026
UK Financial adviser and corporate broker
Panmure Liberum Limited
JSE Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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