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 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 by prescribed officers in terms of the vesting of conditional shares awarded in terms of the Company's 2021 Share Plan and Remuneration Policy.
| Chief Operations Officer: | Johannes Petrus Daniel van Schalkwyk |
| Date of award: | 7 March 2022 |
| 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: | 42,921 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R4,890,418.74 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
| Executive Head of Technical: | Leslie Martin |
| Date of award: | 7 March 2022 |
| 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: | 37,276 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R4,247,227.44 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
| Executive Head of Human Resources: | Lesego Elias Mataboge |
| Date of award: | 7 March 2022 |
| 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: | 26,478 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R3,016,903.32 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
| Executive Head of Corporate Affairs: | Nompumelelo Sithole |
| Date of award: | 7 March 2022 |
| 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: | 26,478 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R3,016,903.32 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
| Executive Head of Safety, Health & Environment: | Carina Venter |
| Date of award: | 7 March 2022 |
| 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: | 26,478 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R3,016,903.32 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
| Executive Head of Marketing: | Bernard Michael Dalton |
| Date of award: | 7 March 2022 |
| 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: | 31,740 |
| Vesting price per share*: | R113.94 |
| Transaction value: | R3,616,455.60 |
| Date of transaction | 17 March 2025 |
| Nature of interest: | Direct beneficial |
* Vesting price per share represents the volume weighted average price of a Thungela Resources share for the 20 days ended 14 March 2025. 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 |
| 17 February 2025 | R123.00 | R119.84 |
| 18 February 2025 | R121.91 | R118.00 |
| 19 February 2025 | R119.50 | R116.36 |
| 20 February 2025 | R118.31 | R116.08 |
| 21 February 2025 | R117.00 | R113.49 |
| 24 February 2025 | R115.81 | R113.22 |
| 25 February 2025 | R117.61 | R113.19 |
| 26 February 2025 | R117.84 | R110.27 |
| 27 February 2025 | R113.36 | R109.00 |
| 28 February 2025 | R112.90 | R107.47 |
| 3 March 2025 | R113.44 | R107.11 |
| 4 March 2025 | R117.08 | R111.50 |
| 5 March 2025 | R118.64 | R113.51 |
| 6 March 2025 | R117.45 | R113.14 |
| 7 March 2025 | R113.40 | R110.40 |
| 10 March 2025 | R114.70 | R110.91 |
| 11 March 2025 | R116.53 | R110.91 |
| 12 March 2025 | R114.80 | R111.83 |
| 13 March 2025 | R112.89 | R109.66 |
| 14 March 2025 | R110.50 | R107.28 |
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Johannesburg
19 March 2025
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 | 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) | | |
| | | R113.94 | 42,921 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 42,921 | ||||
| - Price | R4,890,418.74 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| 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) | | |
| | | R113.94 | 37,276 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 37,276 | ||||
| - Price | R4,247,227.44 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| 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) | | |
| | | R113.94 | 26,478 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 26,478 | ||||
| - Price | R3,016,903.32 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| 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) | | |
| | | R113.94 | 26,478 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 26,478 | ||||
| - Price | R3,016,903.32 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| 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) | | |
| | | R113.94 | 26,478 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 26,478 | ||||
| - Price | R3,016,903.32 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| 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) | | |
| | | R113.94 | 31,740 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 31,740 | ||||
| - Price | R3,616,455.60 | ||||
| e) | Date of the transaction | 17 March 2025 | |||
| f) | Place of the transaction | Off market | |||
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