Dealings in Securities
In brief · summary, not quotable
Five prescribed officers' conditional share awards vested on 28 April 2026 at R156.33 per share.
- Johan van Schalkwyk shares vested 13,465
- Leslie Martin shares vested 11,694
- Lesego Mataboge shares vested 8,307
- Mpumi Sithole shares vested 8,307
- Bernard Dalton shares vested 9,957
- Vesting price per share R156.33
Full announcement
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JSE share code: TGA
LSE share code: TGA
Tax number: 9111917259
("Thungela" or the "Company")
DEALINGS IN SECURITIES BY PRESCRIBED OFFICERS
In compliance with paragraphs 6.77 to 6.89 of the Listings Requirements of the JSE Limited ("the JSE Listings Requirements"), shareholders are advised of the following transactions. The transactions relate to the vesting of conditional share awards by prescribed officers. The vesting occurred in terms of the Company's 2021 Share Plan and as contemplated in the Remuneration Policy.
| Chief Operations Officer: | Johan van Schalkwyk |
| Nature of transaction: | Off market vesting of conditional shares |
| Vesting date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 13,465 |
| Vesting price: | R156.33 |
| Transaction value: | R2,104,983.45 |
| Nature of interest: | Direct beneficial |
| Executive Head of Technical: | Leslie Martin |
| Nature of transaction: | Off market vesting of conditional shares |
| Vesting date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 11,694 |
| Vesting price: | R156.33 |
| Transaction value: | R1,828,123.02 |
| Nature of interest: | Direct beneficial |
| Executive Head of Human Resources: | Lesego Mataboge |
| Nature of transaction: | Off market vesting of conditional shares |
| Vesting date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 8,307 |
| Vesting price: | R156.33 |
| Transaction value: | R1,298,633.31 |
| Nature of interest: | Direct beneficial |
| Executive Head of Corporate Affairs: | Mpumi Sithole |
| Nature of transaction: | Off market vesting of conditional shares |
| Vesting date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 8,307 |
| Vesting price: | R156.33 |
| Transaction value: | R1,298,633.31 |
| Nature of interest: | Direct beneficial |
| Executive Head of Marketing: | Bernard Dalton |
| Nature of transaction: | Off market vesting of conditional shares |
| Vesting date: | 28 April 2026 |
| Class of securities: | Ordinary shares |
| Number of shares: | 9,957 |
| Vesting price: | R156.33 |
| Transaction value: | R1,556,577.81 |
| Nature of interest: | Direct beneficial |
The vesting price represents the dividend-adjusted volume weighted average price of a Thungela share on the JSE for the 20 business days ended 24 April 2026. This equates to R156.33 per share.
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Panmure Liberum Limited
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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 | Johan 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 | Off market vesting of conditional shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 13,465 | |
| d) | Aggregated information | |
| - Aggregated volume | 13,465 | |
| - Price | R2,104,983.45 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off 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 | Off market vesting of conditional shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 11,694 | |
| d) | Aggregated information | |
| - Aggregated volume | 11,694 | |
| - Price | R1,828,123.02 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Lesego 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 | Off market vesting of conditional shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 8,307 | |
| d) | Aggregated information | |
| - Aggregated volume | 8,307 | |
| - Price | R1,298,633.31 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mpumi 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 | Off market vesting of conditional shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 8,307 | |
| d) | Aggregated information | |
| - Aggregated volume | 8,307 | |
| - Price | R1,298,633.31 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Bernard 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 | Off market vesting of conditional shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R156.33 | 9,957 | |
| d) | Aggregated information | |
| - Aggregated volume | 9,957 | |
| - Price | R1,556,577.81 | |
| e) | Date of the transaction | 28 April 2026 |
| f) | Place of the transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.