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Dealing in securities

RNS Number : 3282V

Thungela Resources Limited

04 April 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')

OFF MARKET ACCEPTANCE OF SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors, prescribed officers and the company secretary of Thungela Resources were awarded and accepted forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy:

Chief Executive Officer:	J Ndlovu
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	13,989 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R2,735,620
Nature of interest:	Direct Beneficial

Chief Financial Officer:	GF Smith
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	8,136 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Deemed value of transaction:	R1,591,000
Nature of interest:	Direct Beneficial

Chief Operations Officer:	JPD van Schalkwyk
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	5,396 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R1,055,186
Nature of interest:	Direct Beneficial

Executive Head of Technical:	L Martin
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	4,687 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R916,438
Nature of interest:	Direct Beneficial

Executive Head of Human Resources:	LE Mataboge
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	3,621 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R708,109
Nature of interest:	Direct Beneficial

Executive Head of Corporate Affairs:	N Sithole
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	3,621 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R708,109
Nature of interest:	Direct Beneficial

Executive Head of SHE:	C Venter
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	3,329 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R650,927
Nature of interest:	Direct Beneficial

Executive Head of Marketing:	BM Dalton
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	4,341 (33,33% of shares will vest in equal tranches over 3 years provided that the executive director remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R848,871
Nature of interest:	Direct Beneficial

Company Secretary:	DF Klem
Date of transaction:	4 April 2023
Nature of transaction:	Off market acceptance of forfeitable shares
Class of securities:	Ordinary shares
Number of securities:	2,381 (33,33% of shares will vest in equal tranches over 3 years provided that the company secretary remains in the employ of the Company)
Award price per share*:	R195.56
Transaction value:	R465,573
Nature of interest:	Direct Beneficial

* Award price per share is based on a 3-day VWAP ended 30 March 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
28 March 2023	R195.69	R184.00
29 March 2023	R198.91	R190.79
30 March 2023	R205.81	R196.01

Clearance to deal in terms of the JSE Listings Requirements was obtained.

Johannesburg

4 April 2023

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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	13,989

d)	Aggregated information
	- Aggregated volume	13,989
	- Price	R2,735,620
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	8,136

d)	Aggregated information
	- Aggregated volume	8,136
	- Price	R1,591,000
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	5,396

d)	Aggregated information
	- Aggregated volume	5,396
	- Price	R1,055,186
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	4,687

d)	Aggregated information
	- Aggregated volume	4,687
	- Price	R916,438
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	3,621

d)	Aggregated information
	- Aggregated volume	3,621
	- Price	R708,109
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	3,621

d)	Aggregated information
	- Aggregated volume	3,621
	- Price	R708,109
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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 SHE
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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	3,329

d)	Aggregated information
	- Aggregated volume	3,329
	- Price	R650,927
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On 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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	4,341

d)	Aggregated information
	- Aggregated volume	4,341
	- Price	R848,871
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Francois Klem
2	Reason for the notification
a)	Position/status	Company Secretary
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	Direct beneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			R195.56	2,381

d)	Aggregated information
	- Aggregated volume	2,381
	- Price	R465,573
e)	Date of the transaction	4 April 2023
f)	Place of the transaction	On market

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Dealing in securities - Thungela Resources Limited | RNS | Ticker