Dealings in securities by directors and prescribed officersTHUNGELA RESOURCES LIMITED(Incorporated in the Republic of South Africa)(Registration number: 2021/303811/06)JSE Share Code: TGALSE Share Code: TGAISIN: ZAE000296554Tax number: 9111917259(‘Company’ or ‘Thungela Resources’ or ‘Thungela’)DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERSIn compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited, we herebyprovide the following information regarding the reinvestment of dividends accruing to ordinary shares ("DividendEquivalent Shares") awarded to the undermentioned Executive Directors and Prescribed Officers of Thungela Resourcesin terms of clause 16.2.1 of the Company’s Share Plan. The Dividend Equivalent Shares will be subject to the samevesting and other conditions applicable to the conditional shares as disclosed in the SENS announcements dated 1December 2021 and 29 March 2022.Name Designation Award Number of Value of award** Nature of interest Dividend R Equivalent Shares*J Ndlovu Chief Executive Officer LTIP 2021 64,561 10,445,324 Direct, beneficial LTIP 2022 18,091 2,926,943GF Smith Chief Financial Officer LTIP 2021 27,066 4,379,008 Direct, beneficial LTIP 2022 9,345 1,511,928JPD van Schalkwyk Chief Operating Officer LTIP 2021 21,613 3,496,767 Direct, beneficial LTIP 2022 7,288 1,179,126L Martin Executive Head of LTIP 2021 20,218 3,271,070 Direct, beneficial Technical LTIP 2022 6,329 1,023,969BM Dalton Executive Head of Marketing LTIP 2021 19,232 3,111,545 Direct, beneficial LTIP 2022 5,389 871,886LE Mataboge Executive Head of HR LTIP 2021 15,171 2,454,516 Direct, beneficial LTIP 2022 4,496 727,408N Sithole Executive Head of Corporate LTIP 2021 14,984 2,424,261 Direct, beneficial Affairs LTIP 2022 4,496 727,408C Venter Executive Head of SHE LTIP 2021 14,420 2,333,012 Direct, beneficial LTIP 2022 4,496 727,408* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and the participant’s continued employment by Thungela up until the end of the vesting period (for the 2021 LTIP – 16 November 2024; and for the 2022 LTIP – 7 March 2025) in line with the 2021 Thungela Share Plan.** 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 24 April 2023, which equates to R161.79 per share.Clearances and approvals for these transactions, which are all of an off-market nature, have been obtained incompliance with the Securities Dealing Policies and Procedures of Thungela.3 May 2023RosebankUK Financial adviser and corporate brokerLiberum Capital LimitedTel: +44 20 3100 2000SponsorRand Merchant Bank (A division of FirstRand Bank Limited)In compliance with the UK Listings Requirements, we hereby provide the following information regarding the awardto and acceptance of the conditional long term incentive awards: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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 64,561 R161,79 18,091d) Aggregated information - Aggregated volume 82,652 - Price R13,372,267e) Date of the transaction 2 May 2023f) Place of the transaction Off market1 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 27,066 R161,79 9,345d) Aggregated information - Aggregated volume 36,411 - Price R5,890,936e) Date of the transaction 2 May 2023f) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 21,613 R161,79 7,288d) Aggregated information - Aggregated volume 28,901 - Price R4,675,893e) Date of the transaction 2 May 2023f) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 20,218 R161,79 6,329d) Aggregated information - Aggregated volume 26,547 - Price R4,295,039e) Date of the transaction 2 May 2023f) 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 conducteda) Description of the financial Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 19,232 R161,79 5,389d) Aggregated information - Aggregated volume 24,621 - Price R3,983,432e) Date of the transaction 2 May 2023f) 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 monitor a) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 15,171 R161,79 4,496d) Aggregated information - Aggregated volume 19,667 - Price R3,181,924e) Date of the transaction 2 May 2023f) 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 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 Reinvestment of dividends accruing to ordinary shares awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 14,984 R161,79 4,496d) Aggregated information - Aggregated volume 19,480 - Price R3,151,669e) Date of the transaction 2 May 2023f) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R161,79 14,420 R161,79 4,496d) Aggregated information - Aggregated volume 18,916 - Price R3,060,420e) Date of the transaction 2 May 2023f) Place of the transaction Off marketDate: 03-05-2023 03:00:00Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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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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INVESTORS
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SUPPLIERS
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NEWS
