Dealings in Securities
In brief · summary, not quotable
Prescribed officers sold vested conditional shares to settle tax obligations from share plan vesting.
Full announcement
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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 ON BEHALF OF PRESCRIBED OFFICERS TO SETTLE TAX OBLIGATIONS FROM VESTING OF CONDITIONAL SHARES
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions on behalf of prescribed officers, pursuant to the vesting of conditional shares granted under the 2021 Company Share Plan and Remuneration Policy.
| Chief Operations Officer: | Johannes Petrus Daniel van Schalkwyk |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 19,315 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R2,217,168.85 |
| Nature of interest: | Direct beneficial |
| Executive Head of Technical: | Leslie Martin |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 16,775 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R1,925,602.25 |
| Nature of interest: | Direct beneficial |
| Executive Head of Human Resources: | Lesego Elias Mataboge |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 11,916 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R1,367,837.64 |
| Nature of interest: | Direct beneficial |
| Executive Head of Corporate Affairs: | Nompumelelo Sithole |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 11,916 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R1,367,837.64 |
| Nature of interest: | Direct beneficial |
| Executive Head of Safety, Health and Environment : | Carina Venter |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 11,916 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R1,367,837.64 |
| Nature of interest: | Direct beneficial |
| Executive Head of Marketing: | Bernard Michael Dalton |
| Nature of transaction: | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| Class of securities: | Ordinary shares |
| Date of transaction | 18 March 2025 |
| Number of vested shares sold: | 14,283 |
| Volume weighted average selling price per share: | R114.79 |
| Highest selling price per share: | R116.50 |
| Lowest selling price per share: | R113.24 |
| Transaction value: | R1,639,545.57 |
| Nature of interest: | Direct beneficial |
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Rosebank
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 | Johannes Petrus Daniel van Schalkwyk |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR - Chief Operations Officer |
| 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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 19,315 | |
| d) | Aggregated information | |
| - Aggregated volume | 19,315 | |
| - Price | R2,217,168.85 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On 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 /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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 16,775 | |
| d) | Aggregated information | |
| - Aggregated volume | 16,775 | |
| - Price | R1,925,602.25 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On 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 /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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 11,916 | |
| d) | Aggregated information | |
| - Aggregated volume | 11,916 | |
| - Price | R1,367,837.64 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On 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 /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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 11,916 | |
| d) | Aggregated information | |
| - Aggregated volume | 11,916 | |
| - Price | R1,367,837.64 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On 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 and Environment |
| 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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 11,916 | |
| d) | Aggregated information | |
| - Aggregated volume | 11,916 | |
| - Price | R1,367,837.64 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On 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 /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 | On market sale of vested conditional shares to settle tax obligations arising from the vesting |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R114.79 | 14,283 | |
| d) | Aggregated information | |
| - Aggregated volume | 14,283 | |
| - Price | R1,639,545.57 | |
| e) | Date of the transaction | 18 March 2025 |
| f) | Place of the transaction | On market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.