Dealings In Securities By The Company Secretary
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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 THE COMPANY SECRETARY
In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised that the company secretary of Thungela Resources was awarded forfeitable shares in terms of the rules of the Company's 2021 Share Plan and Remuneration Policy. The award was accepted and the details are set below:
| Company Secretary: | Altovise Alaxa Ellis |
| Grant Date: | 1 November 2024 |
| Date of transaction: | 1 November 2024 |
| Nature of transaction: | Off market grant and acceptance of forfeitable shares |
| Class of securities: | Ordinary shares |
| Number of securities: | 7,010 (33,33% of shares will vest in equal tranches over 3 years provided that the company secretary remains in the employ of the Company) |
| Award price per share*: | R122.48 |
| Transaction value: | R858 584.80 |
| Nature of interest: | Direct beneficial |
* The value of the award is based on a dividend-adjusted volume weighted average price of a Thungela Resources share for the 20 days ended 31 October 2024. 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 |
|---|---|---|
| 4 October 2024 | 122.67 | 114.57 |
| 7 October 2024 | 122.85 | 117.41 |
| 8 October 2024 | 122.29 | 116.75 |
| 9 October 2024 | 123.64 | 119.66 |
| 10 October 2024 | 124.74 | 120.85 |
| 11 October 2024 | 124.03 | 118.26 |
| 14 October 2024 | 121.18 | 118.02 |
| 15 October 2024 | 123.82 | 119.12 |
| 16 October 2024 | 123.52 | 116.00 |
| 17 October 2024 | 121.95 | 116.00 |
| 18 October 2024 | 125.80 | 120.50 |
| 21 October 2024 | 126.89 | 121.92 |
| 22 October 2024 | 126.48 | 122.90 |
| 23 October 2024 | 128.50 | 125.46 |
| 24 October 2024 | 127.41 | 125.33 |
| 25 October 2024 | 131.95 | 123.94 |
| 28 October 2024 | 131.40 | 128.02 |
| 29 October 2024 | 132.50 | 127.80 |
| 30 October 2024 | 128.31 | 124.67 |
| 31 October 2024 | 128.89 | 125.00 |
The clearance for this transaction, which are of an off-market nature, was obtained.
Johannesburg
UK Financial adviser and corporate broker
Panmure Liberum 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 | Altovise Alaxa Ellis |
| 2 | Reason for the notification | |
| a) | Position/status | Company Secretary |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Thungela Resources Limited |
| b) | LEI | 213800EGYK3BN3SRIF27 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value |
| Identification code | ISIN: ZAE000296554 | |
| b) | Nature of the transaction | Direct beneficial |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R122.48 | 7,010 | |
| d) | Aggregated information | |
| - Aggregated volume | 7,010 | |
| - Price | R858 584.80 | |
| e) | Date of the transaction | 1 November 2024 |
| f) | Place of the transaction | Off market |
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