Dealings in Securities
In brief · summary, not quotable
Executive Director Gideon Frederick Smith entered into off-market collar hedge over 181,898 shares.
Full announcement
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JSE share code: TGA
LSE share code: TGA
("Thungela Resources" or "Company")
DEALING IN SECURITIES BY A EXECUTIVE DIRECTOR
| Executive Director | : | Gideon Frederick Smith |
| Company | : | Thungela Resources |
| Date of transaction | : | 22 May 2026 |
| Class of securities | : | Thungela Resources ordinary shares |
| Nature of transaction | : | Off-market collar hedge over 181 898 ordinary shares of the Company with a put strike price of R134.63, call strike price of R150.30 and expiry on 31 March 2027. |
| Number of securities | : | 181 898 |
| Total value of transaction | : | R24 488 927 |
| Nature of interest | : | Direct, beneficial |
| Clearance obtained | : | Yes |
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital 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 | Executive Director |
| 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 | Off-market collar hedge over shares of the Company |
| c. | Price(s) and volume(s) | 181 898 ordinary shares with a put strike price of R134.63, call strike price of R150.30 and expiry on 31 March 2027. |
| d. | Aggregated information - Aggregated Volume - Price | Volume: 181 898 R 24 488 927 |
| f. | Place of the transaction | XJSE |
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