TGA Thungela Resources Limited

TIDMTGA

RNS Number : 1093C

Thungela Resources Limited

08 June 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

('Thungela' or the 'Company' and, together with its affiliates, the 'Group')

DEALINGS IN SECURITIES ON BEHALF OF EXECUTIVE DIRECTORS TO SETTLE TAX OBLIGATIONS ARISING FROM THE VESTING OF AWARDS

Shareholders are advised of the following dealings on behalf of Thungela executive directors pursuant to the vesting, on 4 June 2023, of the final 50% of the milestone awards granted and accepted in 2021:

 
 Chief Executive Officer:    J Ndlovu 
 Date of transaction:        6 June 2023 
 Nature of transaction:      On market disposal of shares that have 
                              vested in respect of the 2021 milestone 
                              award to settle tax obligations arising 
                              from the vesting 
 Class of securities:        Ordinary shares 
 Number of securities:       202,424 
 Sale price per share:       R130.50 
 Transaction value:          R26,416,332 
 Nature of interest:         Direct beneficial 
 
 
 Chief Financial Officer:    GF Smith 
 Date of transaction:        6 June 2023 
 Nature of transaction:      On market disposal of shares that have 
                              vested in respect of the 2021 milestone 
                              award to settle tax obligations arising 
                              from the vesting 
 Class of securities:        Ordinary shares 
 Number of securities:       101,212 
 Sale price per share:       R130.50 
 Transaction value:          R13,208,166 
 Nature of interest:         Direct beneficial 
 

This is the final vesting of the milestone awards that were granted in 2021.

*Sale price per share is based on a 2-day VWAP ended 6 June 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 
 5 June 2023    135.00                    128.18 
 6 June 2023    133.78                    129.23 
 
 

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

Rosebank

8 June 2023

UK Financial adviser and corporate broker

Liberum Capital Limited

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                On market disposal of shares that 
                                                 have vested in respect of the 2021 
                                                 milestone award to settle tax obligations 
                                                 arising from the vesting 
      ---------------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------------  ---------------------- 
                                                 Price(s)                Volume(s) 
                                                ----------------------  ---------------------- 
    R130.50                                                              202,424 
   -------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information 
  - Aggregated volume                      202,424 
  - Price                                  R26,416,332 
 ---------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                  6 June 2023 
      ---------------------------------------  ------------------------------------------------- 
 f)    Place of the transaction                 On market 
      ---------------------------------------  ------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Deon 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                On market disposal of shares that 
                                                 have vested in respect of the 2021 
                                                 milestone award to settle tax obligations 
                                                 arising from the vesting 
      ---------------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------------  ---------------------- 
                                                 Price(s)                Volume(s) 
                                                ----------------------  ---------------------- 
    R130.50                                                              101,212 
   -------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information 
  - Aggregated volume                      101,212 
  - Price                                  R13,208,166 
 ---------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                  6 June 2023 
      ---------------------------------------  ------------------------------------------------- 
 f)    Place of the transaction                 On market 
      ---------------------------------------  ------------------------------------------------- 
 

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June 08, 2023 05:00 ET (09:00 GMT)