TIDMTGA
RNS Number : 7403O
Thungela Resources Limited
05 October 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')
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS -
ALLOCATION OF DIVID EQUIVALENT 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 reinvestment
of dividends accruing to ordinary shares ("Dividend Equivalent
Shares") awarded on 29 September 2023 to the undermentioned
Executive Directors and Prescribed Officers of Thungela Resources
in terms of clause 16.2.1 of the 2021 Thungela 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, 29 March 2022 and
9 May 2023.
Name Designation Award Number of Dividend Value of Nature of
Equivalent Shares* award** interest
R
Chief Executive
J Ndlovu Officer LTIP 2021 21,734 3,256 840 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 6,090 912,587
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 3,307 495,554
-------------------------------------------------- ---------------------- ----------- -------------------
Chief Financial
GF Smith Officer LTIP 2021 9,111 1,365,283 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 3,147 471,578
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 1,709 256,094
-------------------------------------------------- ---------------------- ----------- -------------------
Chief Operating
JPD van Schalkwyk Officer LTIP 2021 7,277 1,090,458 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 2,453 367,582
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 1,332 199,600
-------------------------------------------------- ---------------------- ----------- -------------------
Executive Head
L Martin of Technical LTIP 2021 6,805 1,019,729 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 2,130 319,181
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 1,157 173,376
-------------------------------------------------- ---------------------- ----------- -------------------
Executive Head
BM Dalton of Marketing LTIP 2021 6,475 970,279 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 1,814 271,828
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 985 147,602
-------------------------------------------------- ---------------------- ----------- -------------------
Executive Head
LE Mataboge of HR LTIP 2021 5,106 765,134 Direct, Beneficial
----------------- ------------ ---------------------- ----------- -------------------
LTIP 2022 1,513 226,723
-------------------------------------------------- ---------------------- ----------- -------------------
LTIP 2023 822 123,177
-------------------------------------------------- ---------------------- ----------- -------------------
Executive Head of Corporate
N Sithole Affairs LTIP 2021 5,043 755,694 Direct, Beneficial
LTIP 2022 1,513 226,723
------------------------------------------------------ ------- ---------
LTIP 2023 822 123,177
------------------------------------------------------ ------- ---------
C Venter Executive Head of SHE LTIP 2021 4,855 727,522 Direct, Beneficial
----------------------------- ------------ ------- --------- -------------------
LTIP 2022 1,513 226,723
------------------------------------------------------ ------- --------- -------------------
LTIP 2023 822 123,177
------------------------------------------------------ ------- --------- -------------------
* The vesting of the Dividend Equivalent Shares is conditional
on pre-determined performance conditions and continued employment
by Thungela up until the end of the employment period for the 2021
LTIP - 16 November 2024; the 2022 LTIP - 7 March 2025; and the 2023
LTIP - 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 26 August 2023, which equates to R149.85 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.
5 October 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)
-------------------- --------------------
R149,85 21,734
----------------------------------------------------------------- --------------------
R149,85 6,090
----------------------------------------------------------------- --------------------
R149,85 3,307
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 31,131
- Price R4,664,980
--------------------------------------- --------------------------------------------------
e) Date of the transaction 29 September 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)
-------------------- --------------------
R149,85 9,111
----------------------------------------------------------------- --------------------
R149,85 3,147
----------------------------------------------------------------- --------------------
R149,85 1,709
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 13,967
- Price R2,092,955
--------------------------------------- --------------------------------------------------
e) Date of the transaction 29 September 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)
-------------------- --------------------
R149,85 7,277
----------------------------------------------------------------- --------------------
R149,85 2,453
----------------------------------------------------------------- --------------------
R149,85 1,332
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 11,062
- Price R1,657,641
--------------------------------------- --------------------------------------------------
e) Date of the transaction 29 September 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)
-------------------- --------------------
R149,85 6,805
----------------------------------------------------------------- --------------------
R149,85 2,130
----------------------------------------------------------------- --------------------
R149,85 1,157
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 10,092
- Price R1,512,286
--------------------------------------- --------------------------------------------------
e) Date of the transaction 29 September 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)
-------------------- --------------------
R149,85 6,475
----------------------------------------------------------------- --------------------
R149,85 1,814
----------------------------------------------------------------- --------------------
R149,85 985
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 9,274
- Price R1,389,709
--------------------------------------- --------------------------------------------------
e) Date of the transaction 29 September 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)
--------------------- ---------------------
R149,85 5,106
------------------------------------------------------------------ ---------------------
R149,85 1,513
------------------------------------------------------------------ ---------------------
R149,85 822
------------------------------------------------------------------ ---------------------
d) Aggregated information
- Aggregated volume 7,441
- Price R1,115,034
--------------------------------------- ----------------------------------------------------
e) Date of the transaction 29 September 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)
------------------------ -----------------------
R149,85 5,043
--------------------------------------------------------------------- -----------------------
R149,85 1,513
--------------------------------------------------------------------- -----------------------
R149,85 822
--------------------------------------------------------------------- -----------------------
d) Aggregated information
- Aggregated volume 7,378
- Price R1,105,593
--------------------------------------- ---------------------------------------------------------
e) Date of the transaction 29 September 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)
--------------------- --------------------
R149,85 4,855
------------------------------------------------------------------ --------------------
R149,85 1,513
------------------------------------------------------------------ --------------------
R149,85 822
------------------------------------------------------------------ --------------------
d) Aggregated information
- Aggregated volume 7,190
- Price R1,077,422
--------------------------------------- ---------------------------------------------------
e) Date of the transaction 29 September 2023
--------------------------------------- ----------------------------------------------
f) Place of the transaction Off market
--------------------------------------- ----------------------------------------------
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END
DSHUSRKROAURRAA
(END) Dow Jones Newswires
October 05, 2023 03:00 ET (07:00 GMT)
Thungela Resources (LSE:TGA)
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Thungela Resources (LSE:TGA)
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