Dealings in Securities
In brief · summary, not quotable
Director Gideon Frederick Smith terminated a collar hedge, selling 250,000 shares at R172.62 per share.
- Shares sold 250,000
- Price per share R172.6192
- Total transaction value R43,154,800
Full announcement
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JSE share code: TGA
LSE share code: TGA
("Thungela Resources" or "Company")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraphs 6.77 to 6.80 of the Listings Requirements of the JSE Limited, the following information is disclosed:
| Director | : | Gideon Frederick Smith |
| Company | : | Thungela Resources |
| Date of transaction | : | 23 March 2026 |
| Class of securities | : | Ordinary shares |
| Nature of transaction | : | The early termination of an off-market collar hedge over 250 000 ordinary shares announced on 29 April 2024, which will result in the sale of the shares at a price of R 172.6192 per share to settle the mark-to-market of the options and related funding transaction. |
| Number of securities | : | 250 000 |
| Total value of transaction | : | R43,154,800 |
| 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 a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Gideon Frederick Smith |
| 2 | Reason for notification | |
| a. | Position/Status | PDMR |
| b. | Initial notification/Amendment | Initial |
| a. | Name | Thungela Resources Limited |
| b. | LEI | 213800EGYK3BN3SRIF27 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary shares of no par value ISIN: ZAE000296554 SEDOL: BMV3M27 |
| b. | Nature of the transaction | Early termination of an off-market collar hedge over shares of the Company to settle the mark-to-market of the options and related funding transaction. |
| c. | Price(s) and volume(s) | 250 000 ordinary shares exercised at R 172.6192 per share. |
| d. | Aggregated information - Aggregated Volume - Price | Volume: 250 000 ordinary shares Price: R172 .6192 |
| f. | Place of the transaction | XJSE |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.