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Last checked at 
12 Nov 2021 14:00
Thungela Resources Limited
Incorporated in the Republic of South Africa
(Registration number: 2021/303811/06)
ISIN: ZAE000296554
Share Code: TGA
("Thungela")
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following acceptance of conditional retention awards of Thungela ordinary shares by executive directors.
Chief Executive Officer…………………: | J Ndlovu |
Date of transaction : | 11 November 2021 |
Nature of transaction……………… : | Off market acceptance of conditional retention awards |
Class of securities………………… : | Conditional retention awards in respect of ordinary shares |
Number of securities …...: | 899,658 |
Deemed price per security……… …: | R66.65 |
Deemed value of transaction………….: | R59,962,205.70 |
Nature of interest……………………….: | Direct beneficial |
Chief Financial Officer……… … ….: | GF Smith |
Date of transaction… …………..: | 11 November 2021 |
Nature of transaction……… ………..: | Off market acceptance of conditional retention awards |
Class of securities……………………. : | Conditional retention awards in respect of ordinary shares |
Number of securities…………… …..: | 449,829 |
Deemed price per security : | R66.65 |
Deemed value of transaction : | R29,981,102.85 |
Nature of interest………………………..: | Direct beneficial |
The vesting of these conditional retention awards will occur on 4 June 2022 (50%) and on 4 June 2023 (50%), subject to employment conditions being met. The ordinary shares underlying the conditional retention 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 in respect of the above transactions.
Johannesburg
12 November 2021
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 | Off market acceptance of conditional retention awards | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R66.65 | 899,658 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 899,658 | ||||
- Price | R59,962,205.70 | ||||
e) | Date of the transaction | 11 November 2021 | |||
f) | Place of the transaction | Off 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 | Off market acceptance of conditional retention awards | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R66.65 | 449,829 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 449,829 | ||||
- Price | R29,981,102.85 | ||||
e) | Date of the transaction | 11 November 2021 | |||
f) | Place of the transaction | Off market | |||
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