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JSE share code: TGA

LSE share code: TGA

Tax number: 9111917259

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

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR ALLOCATION OF DIVIDEND EQUIVALENT SHARES

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the Johannesburg Stock Exchange (JSE) Limited, shareholders are advised of the following allocations relating to the reinvestment of dividends ("Dividend Equivalent Shares") on previously allocated conditional share awards to executive directors and prescribed officers in terms of clause 16.2.1 of the Company's Share Plan. The Dividend Equivalent Shares are subject to the same vesting and performance conditions applicable to the conditional shares, as disclosed in the announcement released on the JSE Stock Exchange News Service and LSE Regulatory News Services on 1 December 2021, 29 March 2022, 9 May 2023 and 3 June 2024.

NameDesignationAwardNumber of Dividend Equivalent SharesValue of award (R) *Nature of interest
J NdlovuChief Executive OfficerLong term incentive plan (LTIP) 20216,995751,053Direct beneficial
LTIP 20221,960210,445
LTIP 20231,065114,349
LTIP 20241,325142,265
GF SmithChief Financial OfficerLTIP 20212,932314,809Direct beneficial
LTIP 20221,012108,658
LTIP 202355059,054
LTIP 202468473,441
JPD van SchalkwykChief Operating OfficerLTIP 20212,342251,461Direct beneficial
LTIP 202278984,715
LTIP 202342946,062
LTIP 202453457,336
L MartinExecutive Head of TechnicalLTIP 20212,190235,140Direct beneficial
LTIP 202268673,656
LTIP 202337340,049
LTIP 202446349,712
NameDesignationAwardNumber of Dividend Equivalent SharesValue of award (R)Nature of interest
BM DaltonExecutive Head of MarketingLTIP 20212,084223,759Direct beneficial
LTIP 202258462,704
LTIP 202331734,036
LTIP 202440443,377
LE MatabogeExecutive Head of Human ResourcesLTIP 20211,644176,516Direct beneficial
LTIP 202248752,289
LTIP 202326528,453
LTIP 202434136,613
N SitholeExecutive Head of Corporate AffairsLTIP 20211,623174,262Direct beneficial
LTIP 202248752,289
LTIP 202326528,453
LTIP 202434136,613
C VenterExecutive Head of Safety, Health & EnvironmentLTIP 20211,563167,819Direct beneficial
LTIP 202248752,289
LTIP 202326528,453
LTIP 202434136,613

* Award price per share represents the dividend-adjusted volume weighted average price of a Thungela Resources share for the 20 days ended 20 September 2024. The highest and lowest prices traded for Thungela Resources shares over each day were as follows:

DateHighest price per share (R)Lowest price per share (R)
26 August 2024122,00118,40
27 August 2024122,54118,22
28 August 2024120,13117,02
29 August 2024119,00116,60
30 August 2024119,24116,01
2 September 2024116,20113,50
3 September 2024114,58111,50
4 September 2024111,98108,60
5 September 2024111,87107,90
6 September 2024111,59108,50
9 September 2024111,34107,52
10 September 2024109,59106,00
11 September 2024108,98102,01
12 September 2024107,50103,10
13 September 2024108,55103,40
14 September 2024109,33106,25
15 September 2024109,22107,00
16 September 2024107,50104,19
17 September 2024108,08102,10
18 September 2024105,66103,00

Clearances and approvals for these transactions, which are all of an off market nature, was obtained.

Johannesburg

UK Financial adviser and corporate broker

Panmure Liberum Capital Limited

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 allocation of dividend-equivalent shares on previously granted conditional long term incentive awards.

1Details of the person discharging managerial responsibilities / person closely associated
a)NameJuly Ndlovu
2Reason for the notification
a)Position/statusPDMR - Chief Executive Officer
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.376,995
R107.371,960
R107.371,065
R107.371,325
d)Aggregated information
- Aggregated volume11,345
- PriceR1,218,113
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameGideon Frederick Smith
2Reason for the notification
a)Position/statusPDMR - Chief Financial Officer
b)NameGideon Frederick Smith
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.372,932
R107.371,012
R107.37550
R107.37684
d)Aggregated information
- Aggregated volume5,178
- PriceR555,962
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameJohannes Petrus Daniel van Schalkwyk
2Reason for the notification
a)Position/statusPDMR - Chief Operations Officer
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.372,342
R107.37789
R107.37429
R107.37534
d)Aggregated information
- Aggregated volume4,094
- PriceR439,573
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameLeslie Martin
2Reason for the notification
a)Position/statusPDMR - Executive Head of Technical
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.372,190
R107.37686
R107.37373
R107.37463
d)Aggregated information
- Aggregated volume3,712
- PriceR398,557
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameLesego Elias Mataboge
2Reason for the notification
a)Position/statusPDMR - Executive Head of Human Resources
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.371,644
R107.37487
R107.37265
R107.37341
d)Aggregated information
- Aggregated volume2,737
- PriceR293,872
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameNompumelelo Sithole
2Reason for the notification
a)Position/statusPDMR - Executive Head of Corporate Affairs
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.371,623
R107.37487
R107.37265
R107.37341
d)Aggregated information
- Aggregated volume2,716
- PriceR291,617
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameCarina Venter
2Reason for the notification
a)Position/statusPDMR - Executive Head of Safety, Health & Environment
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.371,563
R107.37487
R107.37265
R107.37341
d)Aggregated information
- Aggregated volume2,656
- PriceR285,175
e)Date of the transaction4 October 2024
f)Place of the transactionOff market
1Details of the person discharging managerial responsibilities / person closely associated
a)NameBernard Dalton
2Reason for the notification
a)Position/statusPDMR - Executive Head of Marketing
b)Initial notification/ AmendmentInitial notification
a)NameThungela Resources Limited
b)LEI213800EGYK3BN3SRIF27
a)Description of the financial instrument, type of instrumentOrdinary shares of no par value
Identification codeISIN: ZAE000296554
b)Nature of the transactionReinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan
c)Price(s) and volume(s)
Price(s)Volume(s)
R107.372,084
R107.37584
R107.37317
R107.37404
d)Aggregated information
- Aggregated volume3,389
- PriceR363,877
e)Date of the transaction4 October 2024
f)Place of the transactionOff market

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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