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Thungela Resources Limited Director Gideon Frederick Smith conducted two on-market sales of ordinary shares on 1 October and 2 October 2025. He sold a total of 75,000 ordinary shares for an aggregated value of R6,503,686. These transactions were stated to be for settling tax obligations arising from the vesting of his 2021 Conditional Share Award.
| Date | 3 Oct 2025 |
| Time | 10:30:01 |
| Category | Director/PDMR dealings |
| ID | 0225C |
Thungela Resources Limited
Incorporated in the Republic of South Africa
Registration number: 2021/303811/06
ISIN: ZAE000296554
JSE share code: TGA
LSE share code: TGA
("Thungela" or "Company")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information relating to dealing in securities by a Director of Thungela Resources is disclosed:
|
Director |
: |
Gideon Frederick Smith |
|
Company |
: |
Thungela Resources |
|
Date of transaction |
: |
1 October 2025 |
|
Class of securities |
: |
Ordinary shares |
|
Nature of transaction |
: |
On-market sale of ordinary shares |
|
Number of securities |
: |
51,124 |
|
Volume weighted average sale price per share |
|
R86,91 |
|
Highest sale price per share |
|
R88,01 |
|
Lowest sale price per share |
|
R86,15 |
|
Total value of transaction |
: |
R4 443 187 |
|
Nature of interest |
: |
Direct, beneficial |
|
Clearance obtained |
: |
Yes |
|
Director |
: |
Gideon Frederick Smith |
|
Company |
: |
Thungela Resources |
|
Date of transaction |
: |
2 October 2025 |
|
Class of securities |
: |
Ordinary shares |
|
Nature of transaction |
: |
On-market sale of ordinary shares |
|
Number of securities |
: |
23,876 |
|
Volume weighted average sale price per share |
|
R86,30 |
|
Highest sale price per share |
|
R87,33 |
|
Lowest sale price per share |
|
R86,00 |
|
Total value of transaction |
: |
R2 060 499 |
|
Nature of interest |
: |
Direct, beneficial |
|
Clearance obtained |
: |
Yes |
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Panmure Liberum Limited
Johannesburg
3 October 2025
Notification of Dealing Forms
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Gideon Frederick Smith |
|||
|
2 |
Reason for the notification |
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|
a) |
Position/status |
PDMR - Chief Financial Officer |
|||
|
b) |
Initial notification /Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Thungela Resources Limited |
|||
|
b) |
LEI |
213800EGYK3BN3SRIF27 |
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|
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 sale of shares that have vested in respect of the 2021 Conditional Share Award to settle tax obligations arising from the vesting. |
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|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
R86,91 |
51,124 |
|
|
|
|
|
R86,30 |
23,876 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
- Aggregated volume |
75,000 |
||||
|
- Price |
R6,503,686.00 |
||||
|
e) |
Date of the transaction |
1 - 2 October 2025 |
|||
|
f) |
Place of the transaction |
On market |
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