Last checked at 29 Mar 2023 10:00
THUNGELA RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2021/303811/06)
JSE Share Code: TGA
LSE Share Code: TGA
ISIN: ZAE000296554
Tax number: 9111917259
('Thungela' or the 'Company' and, together with its affiliates, the 'Group')
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND THE COMPANY SECRETARY
Shareholders are advised of the following dealings on behalf of Thungela executive directors, prescribed officers and the company secretary pursuant to the vesting, on 27 March 2023, of 33% of the forfeitable awards granted and accepted under the 2021 Company Share Plan and Remuneration Policy in March 2022:
Chief Executive Officer: | J Ndlovu |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 2,388 |
Sale price per share: | R187.38 |
Transaction value: | R447,463.44 |
Nature of interest: | Direct beneficial |
Chief Financial Officer: | GF Smith |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 1,192 |
Sale price per share: | R187.38 |
Transaction value: | R223,356.96 |
Nature of interest: | Direct beneficial |
Chief Operating Officer: | JPD van Schalkwyk |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 937 |
Sale price per share: | R187.38 |
Transaction value: | R175,575.06 |
Nature of interest: | Direct beneficial |
Executive Head of Technical: | L Martin |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 837 |
Sale price per share: | R187.38 |
Transaction value: | R156,837.06 |
Nature of interest: | Direct beneficial |
Executive Head of Marketing: | BM Dalton |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 562 |
Sale price per share: | R187.38 |
Transaction value: | R105,307.56 |
Nature of interest: | Direct beneficial |
Executive Head of Human Resources: | LE Mataboge |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 608 |
Sale price per share: | R187.38 |
Transaction value: | R113,927.04 |
Nature of interest: | Direct beneficial |
Executive Head of Corporate Affairs: | N Sithole |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 605 |
Sale price per share: | R187.38 |
Transaction value: | R113,364.90 |
Nature of interest: | Direct beneficial |
Executive Head of SHE: | C Venter |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 596 |
Sale price per share: | R187.38 |
Transaction value: | R111,678.48 |
Nature of interest: | Direct beneficial |
Company Secretary: | DF Klem |
Date of transaction: | 28 March 2023 |
Nature of transaction: | On market disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting |
Class of securities: | Ordinary shares |
Number of securities: | 445 |
Sale price per share: | R187.38 |
Transaction value: | R83,384.10 |
Nature of interest: | Direct Beneficial |
The remaining 67% of the forfeitable awards will vest in two tranches in March 2024 and March 2025, subject to the employment conditions being met. The remaining ordinary shares underlying the forfeitable awards will be held in a non-tradable account. The ordinary shares will remain restricted until such time as vesting occurs.
Clearance to deal in terms of the JSE Listings Requirements was obtained.
Rosebank
29 March 2023
UK Financial adviser and corporate broker
Liberum Capital Limited
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 | July Ndlovu | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Chief Executive Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 2,388 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,388 | ||||
- Price | R447,463.44 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Deon Smith | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Chief Financial Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 1,192 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,192 | ||||
- Price | R223,356.96 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Johannes Petrus Daniel van Schalkwyk | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Chief Operating Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 937 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 937 | ||||
- Price | R175,575.06 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On 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 | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 837 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 837 | ||||
- Price | R156,837.06 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Bernard Michael Dalton | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Executive Head of Marketing | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 562 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 562 | ||||
- Price | R105,307.56 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Lesego Elias Mataboge | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Executive Head of Human Resources | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 608 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 608 | ||||
- Price | R113,927.04 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Nompumelelo Sithole | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Executive Head of Corporate Affairs | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 605 | ||||
d) | Aggregated information | ||||
- Aggregated volume | 605 | ||||
- Price | R113,364.90 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Carina Venter | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Executive Head of Safety, Health & Environment | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 596 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 596 | ||||
- Price | R111,678.48 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Daniel Francois Klem | |||
2 | Reason for the notification | ||||
a) | Position/status | Company Secretary | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Thungela Resources Limited | |||
b) | LEI | 213800EGYK3BN3SRIF27 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
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 disposal of shares that have vested in respect of the 2022 forfeitable awards to settle tax obligations arising from the vesting | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R187.38 | 445 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 445 | ||||
- Price | R83,384.10 | ||||
e) | Date of the transaction | 28 March 2023 | |||
f) | Place of the transaction | On market | |||