TIDMTGA
RNS Number : 8203Y
Thungela Resources Limited
09 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
("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 Value of award**
Shares* 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
----------------------------- ------------------------ ------------------
Executive Head of Corporate
N Sithole 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 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 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 R 8,130,768
--------------------------------------- ------------------------------------------------
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 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 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 R 4,200,403
--------------------------------------- ------------------------------------------------
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 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 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 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 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 R 2,844,586
--------------------------------------- ------------------------------------------------
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 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 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 R 2,020,445
--------------------------------------- ------------------------------------------------
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 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 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 R 2,020,445
--------------------------------------- ------------------------------------------------
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 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 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 R 2,020,445
--------------------------------------- ------------------------------------------------
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 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 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
--------------------------------------- -------------------------------------------
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END
DSHSSFFFUEDSEDI
(END) Dow Jones Newswires
May 09, 2023 09:00 ET (13:00 GMT)
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