Dealings in Securities
CEO Moses Madondo sold 26,279 shares on market to settle tax from vesting of forfeitable share awards.
- Shares sold 26,279
- VWAP per share R117.91
- Transaction value R3,098,556.89
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JSE share code: TGA
LSE share code: TGA
Tax number: 9111917259
("Thungela" or the "Company")
DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR
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 transaction. The transaction relates to the vesting of forfeitable share awards and the subsequent on-market sale of shares by an executive director to settle tax obligations arising from such vesting. The vesting occurred in terms of the Company's 2021 Share Plan and as contemplated in the Remuneration Policy.
| Chief Executive Officer: | Moses Madondo |
| Class of securities: | Ordinary shares |
| Trading date: | 20 August 2026 |
| Number of shares: | 26,279 |
| VWAP per share: | R117.91 |
| Highest price per share: | R120.08 |
| Lowest price per share: | R112.64 |
| Transaction value: | R3,098,556.89 |
| Nature of interest: | Direct, beneficial |
The remaining ordinary shares underlying the unvested forfeitable awards will be held in escrow until they vest subject to the employment conditions being met.
Johannesburg
UK Financial adviser and corporate broker
Panmure Liberum Limited
JSE 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 | Moses Madondo |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR - Chief Executive 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 forfeitable shares to settle tax obligations arising from the vesting. |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| R117.91 | 26,279 | |
| d) | Aggregated information | |
| - Aggregated volume | 26,279 | |
| - Price | R3,098,556.89 | |
| e) | Date of the transaction | 20 August 2026 |
| f) | Place of the transaction | On market |
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