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Last checked at 
25 Mar 2022 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
('Thungela' or the 'Company' and, together with its affiliates, the 'Group')
DEALINGS IN SECURITIES BY A DIRECTOR
Award and acceptance of shares and disposal of a portion of shares awarded
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 award and acceptance of shares pertaining to the 2021 demerger of the Company from Anglo American plc and the award, by Anglo American plc, of 1 Thungela Resources share for every 10 Anglo American plc shares held on listing date, being 7 June 2021.
The award is made and accepted by the undermentioned Non-Executive Director:
Name | Designation | Number of shares awarded | Number of shares sold to cover tax liability and commission | Net shares awarded | Value of shares awarded*
|
Seamus Gerard French | Non-executive Director | 6 020 | 401 at £8.650001 per share | 5 619 | £48,604.35 |
*based on £8.650001 per share, being the closing price on 24 March 2022. The Rand value at an exchange rate of R19.18 / £1 on 24 March 2022 is R932,231.43.
The requisite clearance and approval for this transaction has been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela and with paragraph 3.66 of the Listings Requirements.
Date of SENS release: 25 March 2022
Investor Relations
Ryan Africa
Email: ryan.africa@thungela.com
Media Contacts
Tarryn Genis
Email: tarryn.genis@thungela.com
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
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 | Seamus French | |||
2 | Reason for the notification | ||||
a) | Position/status | PDMR - Non-Executive Director | |||
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 | Award of 6020 Ordinary shares of no par value and sale of 401 Ordinary shares of no par value | |||
Identification code | ISIN: ZAE000296554 | ||||
b) | Nature of the transaction | Vesting of Thungela shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
nil | 6020 | ||||
£8.650001 | 401 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | n/a - single award and single sale | ||||
- Price | |||||
e) | Date of the transaction | 24 March 2022 | |||
f) | Place of the transaction | Off market | |||
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