Dealings in securities by directors and prescribed officersThungela Resources LimitedIncorporated in the Republic of South AfricaRegistration number: 2021/303811/06ISIN: ZAE000296554LEI: 213800EGYK3BN3SRIF27Share code: TGA(“Thungela Resources” or “the Company”)DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERSAward and acceptance of conditional sharesIn compliance with paragraphs 3.63 to 3.66 of the Listings Requirementsof the JSE Limited (“the Listings Requirements”), we hereby provide the followinginformation regarding a delayed award and acceptance of conditional sharespertaining to the 2020 calendar year which would have , absent thedemerger , been concluded in March 2021 . The award is made and acceptedby the undermentioned Executive Directors and Prescribed Officers of ThungelaResources 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 PolicyClass of securities Ordinary sharesNature and extent of interest Direct, beneficialTransactions completed on or off market N/ADate of acceptance 30 November 2021Vesting period/date 16 November 2024Name Designation Number of Value of conditional Award** shares* R July Ndlovu Chief Executive Officer 201,962 R7,339,299Gideon Frederick (Deon) Chief Financial Officer 84,668 R3,076,835SmithJohannes Petrus Daniel Chief Operating Officer 67,613 R2,457,056van SchalkwykLeslie Martin Executive Head of Technical 63,247 R2,298,396Bernard Michael Dalton Executive Head of Marketing 60,162 R2,186,287Lesego Elias Mataboge Executive Head of HR 47,458 R1,724,624Nompumelelo 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 performanceconditions and continued employment by Thungela and where applicable, the reasons forthe cessation of such employment.** The calculation of the value of these awards is based on a share price ofR36,34/share.The requisite clearances and approvals for these transactions have been obtainedin compliance with the Securities Dealing Policies and Procedures of Thungelaand paragraph 3.66 of the Listings Requirements.Rosebank1 December 2021SponsorRAND MERCHANT BANK (A division of FirstRand Bank Limited)In compliance with the UK Listings Requirements, we hereby provide the followinginformation regarding the award to and acceptance of the conditional long term incentiveawards:1 Details of the person discharging managerial responsibilities / person closely associateda) Name July Ndlovu2 Reason for the notificationa) Position/status PDMR – Chief Executive Officerb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 201,962d) Aggregated information - Aggregated volume 201,962 - Price R7,339,299e) Date of the transaction 30 November 2021f) Place of the transaction Off market 1 Details of the person discharging managerial responsibilities / person closely associateda) Name Gideon Frederick Smith2 Reason for the notificationa) Position/status PDMR – Chief Financial Officerb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 84,668d) Aggregated information - Aggregated volume 84,668 - Price R3,076,835e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Johannes Petrus Daniel van Schalkwyk2 Reason for the notificationa) Position/status PDMR – Chief Operating Officerb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 67,613 d) Aggregated information - Aggregated volume 67,613 - Price R2,457,056e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Leslie Martin2 Reason for the notificationa) Position/status PDMR – Executive Head of Technicalb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 63,247d) Aggregated information - Aggregated volume 63,247 - Price R2,298,396e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Bernard Michael Dalton2 Reason for the notificationa) Position/status PDMR – Executive Head of Marketingb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 Description of the financial Ordinary shares of no par value instrument, type of instrument a) Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 60,162d) Aggregated information - Aggregated volume 60,162 - Price R2,186,287e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Lesego Elias Mataboge2 Reason for the notificationa) Position/status PDMR – Executive Head of Human Resourcesb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 47,458d) Aggregated information - Aggregated volume 47,458 - Price R1,724,624e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Nompumelelo Sithole2 Reason for the notificationa) Position/status PDMR – Executive Head of Corporate Affairsb) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 46,872d) Aggregated information - Aggregated volume 46,872 - Price R1,703,328e) Date of the transaction 30 November 2021f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Carina Venter2 Reason for the notificationa) Position/status PDMR – Executive Head of Safety, Health & Environmentb) Initial notification /Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Thungela Resources Limitedb) LEI 213800EGYK3BN3SRIF274 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Off market acceptance of conditional long term incentive awardsc) Price(s) and volume(s) Price(s) Volume(s) R36.34 45,109d) Aggregated information - Aggregated volume 45,109 - Price R1,639,261e) Date of the transaction 30 November 2021f) Place of the transaction Off marketDate: 01-12-2021 10:00:00Produced by the JSE SENS Department. 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ABOUT US
OverviewThungela is a leading pure-play producer and exporter of high-quality, cost competitive thermal coal with operations in South Africa and Australia.
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OverviewOur ESG approach supports our purpose “to responsibly create value together for a shared future”.
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OUR PEOPLE
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