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Pin to quick picksThungela Resources Regulatory News (TGA)

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Director/PDMR Shareholding – LTIP Awards

1 Dec 2021 08:00

RNS Number : 0984U
Thungela Resources Limited
01 December 2021
 

Thungela Resources Limited

Incorporated in the Republic of South Africa

Registration number: 2021/303811/06

ISIN: ZAE000296554

LEI: 213800EGYK3BN3SRIF27

Share code: TGA

("Thungela Resources" or "the Company")

 

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS

Award and acceptance of conditional shares

 

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 a delayed award and acceptance of conditional shares pertaining to the 2020 calendar year which would have, absent the demerger, been concluded in March 2021. The award is made and accepted by the undermentioned Executive Directors and Prescribed Officers of Thungela Resources Limited in terms of the Company's Share Plan and Remuneration Policy:

 

Nature of transactions

Acceptance of conditional shares in terms of the Company's 2021 Share Plan and Remuneration Policy

Class of securities

Ordinary shares

Nature and extent of interest

Direct, beneficial

Transactions completed on or off market

N/A

Date of acceptance

30 November 2021

Vesting period/date

16 November 2024

 

 

 

Name

Designation

Number of conditional

shares*

Value of

Award**

R

July Ndlovu

Chief Executive Officer

201,962

R7,339,299

Gideon Frederick (Deon) Smith

Chief Financial Officer

84,668

R3,076,835

Johannes Petrus Daniel van Schalkwyk

Chief Operating Officer

67,613

R2,457,056

Leslie Martin

Executive Head of Technical

63,247

R2,298,396

Bernard Michael Dalton

Executive Head of Marketing

60,162

R2,186,287

Lesego Elias Mataboge

Executive Head of HR

47,458

R1,724,624

Nompumelelo Sithole

Executive Head of Corporate Affairs

46,872

R1,703,328

Carina Venter

Executive Head of SHE

45,109

R1,639,261

 

 

* The vesting of the conditional shares is conditional on pre-determined performance conditions and continued employment by Thungela and where applicable, the reasons for the cessation of such employment.

** The calculation of the value of these awards is based on a share price of R36,34/share.

The requisite clearances and approvals for these transactions have been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela and paragraph 3.66 of the Listings Requirements.

 

 

Rosebank

1 December 2021

 

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

 

 

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:

 

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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

201,962

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

201,962

- Price

R7,339,299

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off market

 

 

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

 

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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

84,668

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

84,668

- Price

R3,076,835

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off 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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

67,613

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

67,613

- Price

R2,457,056

e)

Date of the transaction

30 November 2021

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

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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

63,247

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

63,247

- Price

R2,298,396

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off 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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

60,162

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

60,162

- Price

R2,186,287

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off 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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

47,458

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

47,458

- Price

R1,724,624

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off 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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

46,872

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

46,872

- Price

R1,703,328

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off 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

Off market acceptance of conditional long term incentive awards

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

R36.34

45,109

 

 

 

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

45,109

- Price

R1,639,261

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

Off market

 

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END
 
 
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