TIDMTGA
RNS Number : 2822Y
Thungela Resources Limited
03 May 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' or 'Thungela')
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS
In compliance with paragraphs 3.63 to 3.66 of the Listings
Requirements of the JSE Limited, we hereby provide the following
information regarding the reinvestment of dividends accruing to
ordinary shares ("Dividend Equivalent Shares") awarded to the
undermentioned Executive Directors and Prescribed Officers of
Thungela Resources in terms of clause 16.2.1 of the Company's Share
Plan. The Dividend Equivalent Shares will be subject to the same
vesting and other conditions applicable to the conditional shares
as disclosed in the SENS announcements dated 1 December 2021 and 29
March 2022.
Name Designation Award Number of Dividend Value of Nature of
Equivalent award** interest
Shares* R
Chief Executive Direct,
J Ndlovu Officer LTIP 2021 64,561 10,445,324 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 18,091 2,926,943
--------------------------------------------------- ----------------------- ------------------ ------------------
Chief Financial Direct,
GF Smith Officer LTIP 2021 27,066 4,379,008 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 9,345 1,511,928
--------------------------------------------------- ----------------------- ------------------ ------------------
Chief Operating Direct,
JPD van Schalkwyk Officer LTIP 2021 21,613 3,496,767 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 7,288 1,179,126
--------------------------------------------------- ----------------------- ------------------ ------------------
Executive Head of Direct,
L Martin Technical LTIP 2021 20,218 3,271,070 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 6,329 1,023,969
--------------------------------------------------- ----------------------- ------------------ ------------------
Executive Head of Direct,
BM Dalton Marketing LTIP 2021 19,232 3,111,545 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 5,389 871,886
--------------------------------------------------- ----------------------- ------------------ ------------------
Executive Head of Direct,
LE Mataboge HR LTIP 2021 15,171 2,454,516 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 4,496 727,408
--------------------------------------------------- ----------------------- ------------------ ------------------
Executive Head of
Corporate Direct,
N Sithole Affairs LTIP 2021 14,984 2,424,261 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 4,496 727,408
--------------------------------------------------- ----------------------- ------------------ ------------------
Executive Head of Direct,
C Venter SHE LTIP 2021 14,420 2,333,012 beneficial
------------------ ------------ ----------------------- ------------------ ------------------
LTIP 2022 4,496 727,408
--------------------------------------------------- ----------------------- ------------------ ------------------
* The vesting of the Dividend Equivalent Shares is conditional
on pre-determined performance conditions and the participant's
continued employment by Thungela up until the end of the vesting
period (for the 2021 LTIP - 16 November 2024; and for the 2022 LTIP
- 7 March 2025) in line with the 2021 Thungela Share Plan.
** 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 24 April 2023, which equates to R161.79
per share.
Clearances and approvals for these transactions, which are all
of an off-market nature, have been obtained in
compliance with the Securities Dealing Policies and Procedures
of Thungela.
3 May 2023
Rosebank
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
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 to and
acceptance of the conditional long term incentive 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 Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ---------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
R161,79 64,561
----------------------------------------------------------------- --------------------
R161,79 18,091
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 82,652
- Price R13,372,267
--------------------------------------- --------------------------------------------------
e) Date of the transaction 2 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 Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ---------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
R161,79 27,066
----------------------------------------------------------------- --------------------
R161,79 9,345
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 36,411
- Price R5,890,936
--------------------------------------- --------------------------------------------------
e) Date of the transaction 2 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 Operating Officer
--------------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ---------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
R161,79 21,613
----------------------------------------------------------------- --------------------
R161,79 7,288
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 28,901
- Price R4,675,893
--------------------------------------- --------------------------------------------------
e) Date of the transaction 2 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 Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ---------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
R161,79 20,218
----------------------------------------------------------------- --------------------
R161,79 6,329
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 26,547
- Price R4,295,039
--------------------------------------- --------------------------------------------------
e) Date of the transaction 2 May 2023
--------------------------------------- ---------------------------------------------
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 Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ---------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
R161,79 19,232
----------------------------------------------------------------- --------------------
R161,79 5,389
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 24,621
- Price R3,983,432
--------------------------------------- --------------------------------------------------
e) Date of the transaction 2 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 Human Resources
--------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -----------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- -----------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
--------------------- ---------------------
Price(s) Volume(s)
--------------------- ---------------------
R161,79 15,171
------------------------------------------------------------------ ---------------------
R161,79 4,496
------------------------------------------------------------------ ---------------------
d) Aggregated information
- Aggregated volume 19,667
- Price R3,181,924
--------------------------------------- ----------------------------------------------------
e) Date of the transaction 2 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 Initial notification
/Amendment
--------------------------------------- ----------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ----------------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares awarded under conditional
long term incentive plan
--------------------------------------- ----------------------------------------------------
c) Price(s) and volume(s)
------------------------ -----------------------
Price(s) Volume(s)
------------------------ -----------------------
R161,79 14,984
--------------------------------------------------------------------- -----------------------
R161,79 4,496
--------------------------------------------------------------------- -----------------------
d) Aggregated information
- Aggregated volume 19,480
- Price R3,151,669
--------------------------------------- ---------------------------------------------------------
e) Date of the transaction 2 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 Safety, Health
& Environment
--------------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ----------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- ----------------------------------------------
b) Nature of the transaction Reinvestment of dividends accruing
to ordinary shares previously awarded
under conditional long term incentive
plan
--------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
R161,79 14,420
------------------------------------------------------------------ --------------------
R161,79 4,496
------------------------------------------------------------------ --------------------
d) Aggregated information
- Aggregated volume 18,916
- Price R3,060,420
--------------------------------------- ---------------------------------------------------
e) Date of the transaction 2 May 2023
--------------------------------------- ----------------------------------------------
f) Place of the transaction Off market
--------------------------------------- ----------------------------------------------
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END
DSHUOARROSUVRAR
(END) Dow Jones Newswires
May 03, 2023 09:00 ET (13:00 GMT)
Thungela Resources (LSE:TGA)
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Thungela Resources (LSE:TGA)
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