RNS Number : 7166Q
Thungela Resources Limited
03 June 2024
 

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

("Thungela" or "the Company")

 

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR ACCEPTANCE OF CONDITIONAL SHARE AWARDS

 

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited, we hereby provide the following information related to the award and acceptance of conditional shares pertaining to the 2023 financial year concluded in May 2024. The award is made and accepted by the undermentioned Executive Directors and Prescribed Officers of Thungela in terms of the Company's Share Plan and Remuneration Policy:

 

Nature of transactions

Acceptance of conditional shares in terms of the Company's 2021 Share Plan and Remuneration Policy

Class of securities

Ordinary shares

Nature and extent of interest

Direct beneficial

Transactions completed on or off market

Off market

Date of acceptance

31 May 2024

Vesting date

24 May 2027

 

Name

Designation

Number of Conditional Shares

Value of Award* (R)

J Ndlovu

Chief Executive Officer

71,110

8,577,999

GF Smith

Chief Financial Officer

36,736

4,431,464

JPD van Schalkwyk

Chief Operating Officer

28,645

3,455,446

L Martin

Executive Head of Technical

24,879

3,001,154

BM Dalton

Executive Head of Marketing

21,713

2,619,239

LE Mataboge

Executive Head of Human Resources

18,289

2,206,202

N Sithole

Executive Head of Corporate Affairs

18,289

2,206,202

C Venter

Executive Head of Safety, Health & Environment

18,289

2,206,202

 

The vesting of the conditional shares is conditional on pre-determined performance conditions and continued employment by Thungela up until the noted vesting date and where applicable, the reasons for the cessation of such employment.

 

* The value of the award is based on a dividend-adjusted volume weighted average price of R120.63 for a Thungela share for the 20 days ended 19 April 2024. The highest and lowest prices traded for Thungela shares over each day were as follows:

 

Date

Highest price per share

Lowest price per share

18 March 2024

116,49

106,22

19 March 2024

121,00

113,95

20 March 2024

127,31

120,29

22 March 2024

125,05

119,25

25 March 2024

121,83

119,00

26 March 2024

124,91

118,00

27 March 2024

124,32

119,31

28 March 2024

124,89

120,47

2 April 2024

128,38

121,05

3 April 2024

130,86

126,50

4 April 2024

134,00

130,00

5 April 2024

133,34

127,04

8 April 2024

132,86

129,02

9 April 2024

136,53

130,55

10 April 2024

143,61

134,00

11 April 2024

145,00

137,17

12 April 2024

149,61

144,53

15 April 2024

149,67

145,69

16 April 2024

148,94

141,82

17 April 2024

139,00

134,40

 

Clearances and approvals for these transactions, which are all of an off-market nature, were obtained.

 

Johannesburg

3 June 2024

 

UK Financial adviser and corporate broker

Liberum Capital Limited

 

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 and acceptance of conditional share 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

Off market award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

71,110







d)

 

Aggregated information


- Aggregated volume

71,110

- Price

R8,577,999

e)

Date of the transaction

31 May 2024

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)

Name

Gideon Frederick Smith

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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

36,736







d)

 

Aggregated information


- Aggregated volume

36,736

- Price

R4,431,464

e)

Date of the transaction

31 May 2024

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 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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

28,645







d)

 

Aggregated information


- Aggregated volume

28,645

- Price

R3,455,446

e)

Date of the transaction

31 May 2024

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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

24,879







d)

 

Aggregated information


- Aggregated volume

24,879

- Price

R3,001,154

e)

Date of the transaction

31 May 2024

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

Off market award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

18,289







d)

 

Aggregated information


- Aggregated volume

18,289

- Price

R2,206,202

e)

Date of the transaction

31 May 2024

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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

18,289







d)

 

Aggregated information


- Aggregated volume

18,289

- Price

R2,206,202

e)

Date of the transaction

31 May 2024

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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

18,289







d)

 

Aggregated information


- Aggregated volume

18,289

- Price

R2,206,202

e)

Date of the transaction

31 May 2024

f)

Place of the transaction

Off market

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bernard 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 award and acceptance of conditional share awards

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




R120.63

21,713







d)

 

Aggregated information


- Aggregated volume

21,713

- Price

R2,619,239

e)

Date of the transaction

31 May 2024

f)

Place of the transaction

Off market

 

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