Last checked at 5 Oct 2023 08:00
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
('Company' or 'Thungela Resources')
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DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS - ALLOCATION OF DIVIDEND EQUIVALENT SHARES
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In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited ("the Listings Requirements"), we hereby provide the following information regarding the reinvestment of dividends accruing to ordinary shares ("Dividend Equivalent Shares") awarded on 29 September 2023 to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1 of the 2021 Thungela Share Plan. The Dividend Equivalent Shares will be subject to the same vesting and other conditions applicable to the conditional shares as disclosed in the SENS announcements dated 1 December 2021, 29 March 2022 and 9 May 2023.
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Name | Designation | Award | Number of Dividend Equivalent Shares* | Value of award** R | Nature of interest |
J Ndlovu | Chief Executive Officer | LTIP 2021 | 21,734 | 3,256Â 840 | Direct, Beneficial |
LTIP 2022 | 6,090 | 912,587 | |||
LTIP 2023 | 3,307 | 495,554 | |||
GF Smith | Chief Financial Officer | LTIP 2021 | 9,111 | 1,365,283 | Direct, Beneficial |
LTIP 2022 | 3,147 | 471,578 | |||
LTIP 2023 | 1,709 | 256,094 | |||
JPD van Schalkwyk | Chief Operating Officer | LTIP 2021 | 7,277 | 1,090,458 | Direct, Beneficial |
LTIP 2022 | 2,453 | 367,582 | |||
LTIP 2023 | 1,332 | 199,600 | |||
L Martin | Executive Head of Technical | LTIP 2021 | 6,805 | 1,019,729 | Direct, Beneficial |
LTIP 2022 | 2,130 | 319,181 | |||
LTIP 2023 | 1,157 | 173,376 | |||
BM Dalton | Executive Head of Marketing | LTIP 2021 | 6,475 | 970,279 | Direct, Beneficial |
LTIP 2022 | 1,814 | 271,828 | |||
LTIP 2023 | 985 | 147,602 | |||
LE Mataboge | Executive Head of HR | LTIP 2021 | 5,106 | 765,134 | Direct, Beneficial |
LTIP 2022 | 1,513 | 226,723 | |||
LTIP 2023 | 822 | 123,177 |
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N Sithole | Executive Head of Corporate Affairs | LTIP 2021 | 5,043 | 755,694 | Direct, Beneficial |
LTIP 2022 | 1,513 | 226,723 | |||
LTIP 2023 | 822 | 123,177 | |||
C Venter | Executive Head of SHE | LTIP 2021 | 4,855 | 727,522 | Direct, Beneficial |
LTIP 2022 | 1,513 | 226,723 | |||
LTIP 2023 | 822 | 123,177 |
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* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and continued employment by Thungela up until the end of the employment period for the 2021 LTIP - 16 November 2024; the 2022 LTIP - 7 March 2025; and the 2023 LTIP - in line with the 2021 Thungela Share Plan.
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** The calculation of the value of these awards is based on a dividend adjusted volume weighted average price for the 20 trading days prior to 26 August 2023, which equates to R149.85 per share.
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Clearances and approvals for these transactions, which are all of an off-market nature, have been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela.
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5 October 2023
Rosebank
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UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
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Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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In compliance with the UK Listings Requirements, we hereby provide the following information regarding the award to and acceptance of the conditional long term incentive awards:
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 21,734 | ||||
R149,85 | 6,090 | ||||
R149,85 | 3,307 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 31,131 | ||||
- Price | R4,664,980 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Gideon Frederick 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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 9,111 | ||||
R149,85 | 3,147 | ||||
R149,85 | 1,709 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 13,967 | ||||
- Price | R2,092,955 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 7,277 | ||||
R149,85 | 2,453 | ||||
R149,85 | 1,332 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 11,062 | ||||
- Price | R1,657,641 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 6,805 | ||||
R149,85 | 2,130 | ||||
R149,85 | 1,157 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 10,092 | ||||
- Price | R1,512,286 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 6,475 | ||||
R149,85 | 1,814 | ||||
R149,85 | 985 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 9,274 | ||||
- Price | R1,389,709 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 5,106 | ||||
R149,85 | 1,513 | ||||
R149,85 | 822 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 7,441 | ||||
- Price | R1,115,034 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 5,043 | ||||
R149,85 | 1,513 | ||||
R149,85 | 822 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 7,378 | ||||
- Price | R1,105,593 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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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 Â | 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 | Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R149,85 | 4,855 | ||||
R149,85 | 1,513 | ||||
R149,85 | 822 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 7,190 | ||||
- Price | R1,077,422 | ||||
e) | Date of the transaction | 29 September 2023 | |||
f) | Place of the transaction | Off market | |||
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