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 ON BEHALF OF EXECUTIVE DIRECTORS TO SETTLE TAX OBLIGATIONS ARISING FROM THE VESTING OF AWARDS
Shareholders are advised of the following dealings on behalf of Thungela executive directors pursuant to the vesting, on 4 June 2023, of the final 50% of the milestone awards granted and accepted in 2021:
| Chief Executive Officer: | J Ndlovu |
| Date of transaction: | 6 June 2023 |
| Nature of transaction: | On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Number of securities: | 202,424 |
| Sale price per share: | R130.50 |
| Transaction value: | R26,416,332 |
| Nature of interest: | Direct beneficial |
| Chief Financial Officer: | GF Smith |
| Date of transaction: | 6 June 2023 |
| Nature of transaction: | On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Number of securities: | 101,212 |
| Sale price per share: | R130.50 |
| Transaction value: | R13,208,166 |
| Nature of interest: | Direct beneficial |
This is the final vesting of the milestone awards that were granted in 2021.
*Sale price per share is based on a 2-day VWAP ended 6 June 2023 of a Thungela Resources share. The highest and lowest prices traded for Thungela Resources shares over each day were as follows:
| Date | Highest price per share | Lowest price per share |
| 5 June 2023 | 135.00 | 128.18 |
| 6 June 2023 | 133.78 | 129.23 |
| | | |
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Rosebank
8 June 2023
UK Financial adviser and corporate broker
Liberum Capital 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 | On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R130.50 | 202,424 | | |
| | | | | | |
| d) | Aggregated information | | |||
| - Aggregated volume | 202,424 | ||||
| - Price | R26,416,332 | ||||
| e) | Date of the transaction | 6 June 2023 | |||
| f) | Place of the transaction | On market | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Deon 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 | On market disposal of shares that have vested in respect of the 2021 milestone award to settle tax obligations arising from the vesting | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | R130.50 | 101,212 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 101,212 | ||||
| - Price | R13,208,166 | ||||
| e) | Date of the transaction | 6 June 2023 | |||
| f) | Place of the transaction | On market | |||
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