⌘K
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On 9 May 2023, Executive Directors and Prescribed Officers of Thungela Resources Limited accepted conditional ordinary shares. These off-market transactions, part of the Company's 2021 Share Plan for the 2022 calendar year, involved a total of 164,178 ordinary shares across all recipients, valued at R26,934,433 (R164.06 per share). The awarded shares have a vesting date of 26 April 2026.
| Date | 9 May 2023 |
| Time | 14:00:07 |
| Category | Director/PDMR dealings |
| ID | 8203Y |
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
("the Company")
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS
Award and acceptance of conditional shares
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding the award and acceptance of conditional shares in May 2023, pertaining to the 2022 calendar year. The award is made and accepted by the undermentioned Executive Directors and Prescribed Officers of Thungela Resources Limited in terms of the Company's Share Plan and Remuneration Policy:
|
Nature of transaction |
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 |
9 May 2023 |
|
Vesting period/date |
26 April 2026 |
|
Name |
Designation |
Number of Conditional Shares* |
Value of award** R |
|
J Ndlovu |
Chief Executive Officer |
49,560 |
8,130,768 |
|
GF Smith |
Chief Financial Officer |
25,603 |
4,200,403 |
|
JPD van Schalkwyk |
Chief Operating Officer |
19,964 |
3,275,251 |
|
L Martin |
Executive Head of Technical |
17,339 |
2,844,586 |
|
BM Dalton |
Executive Head of Marketing |
14,764 |
2,422,090 |
|
LE Mataboge |
Executive Head of HR |
12,316 |
2,020,445 |
|
N Sithole |
Executive Head of Corporate Affairs |
12,316 |
2,020,445 |
|
C Venter |
Executive Head of SHE |
12,316 |
2,020,445 |
* 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 calculation of the value of these awards is based on a dividend adjusted volume weighted average price for the 20 trading days prior to 26 April 2023, which equates to R164.06 per share.
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Johannesburg
9 May 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 |
Off market acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
49,560 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
49,560 |
||||
|
- Price |
R8,130,768 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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) |
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
25,603 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
25,603 |
||||
|
- Price |
R4,200,403 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
19,964 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
19,964 |
||||
|
- Price |
R3,275,251 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
17,339 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
17,339 |
||||
|
- Price |
R2,844,586 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
12,316 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
12,316 |
||||
|
- Price |
R2,020,445 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
12,316 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
12,316 |
||||
|
- Price |
R2,020,445 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 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 |
Off market acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
12,316 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
12,316 |
||||
|
- Price |
R2,020,445 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
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 acceptance of conditional long term incentive awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R164,06 |
14,764 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
14,764 |
||||
|
- Price |
R2,422,090 |
||||
|
e) |
Date of the transaction |
9 May 2023 |
|||
|
f) |
Place of the transaction |
Off market |
|||