Director/PDMR Shareholding
On October 1st and 2nd, 2025, Gideon Frederick Smith, a director at Thungela Resources, executed on-market sales of ordinary shares. On October 1st, Smith sold 51,124 shares at a volume-weighted average price of R86.91, with prices ranging from R86.15 to R88.01, for a total value of R4,443,187. The following day, October 2nd, he sold an additional 23,876 shares at a volume-weighted average price of R86.30, with prices ranging from R86.00 to R87.33, resulting in a total transaction value of R2,060,499. Cumulatively, Smith sold 75,000 shares for a total of R6,503,686. The sales were conducted on-market and clearance was obtained for these transactions.
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JSE share code: TGA
LSE share code: TGA
("Thungela" or "Company")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information relating to dealing in securities by a Director of Thungela Resources is disclosed:
| Director | : | Gideon Frederick Smith |
| Company | : | Thungela Resources |
| Date of transaction | : | 1 October 2025 |
| Class of securities | : | Ordinary shares |
| Nature of transaction | : | On-market sale of ordinary shares |
| Number of securities | : | 51,124 |
| Volume weighted average sale price per share | R86,91 | |
| Highest sale price per share | R 88,01 | |
| Lowest sale price per share | R 86,15 | |
| Total value of transaction | : | R4 443 187 |
| Nature of interest | : | Direct, beneficial |
| Clearance obtained | : | Yes |
| Director | : | Gideon Frederick Smith |
| Company | : | Thungela Resources |
| Date of transaction | : | 2 October 2025 |
| Class of securities | : | Ordinary shares |
| Nature of transaction | : | On-market sale of ordinary shares |
| Number of securities | : | 23,876 |
| Volume weighted average sale price per share | R86,30 | |
| Highest sale price per share | R87,33 | |
| Lowest sale price per share | R86,00 | |
| Total value of transaction | : | R2 060 499 |
| Nature of interest | : | Direct, beneficial |
| Clearance obtained | : | Yes |
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Panmure Liberum Limited
Johannesburg
Notification of Dealing Forms
| 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 /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 shares that have vested in respect of the 2021 Conditional Share Award to settle tax obligations arising from the vesting. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R86,91 | 51,124 | |
| R86,30 | 23,876 | |
| d) | Aggregated information | |
| - Aggregated volume | 75,000 | |
| - Price | R6,503,686.00 | |
| e) | Date of the transaction | 1 - 2 October 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.