Dealings in securities by directors, prescribed officers and the companyTHUNGELA RESOURCES LIMITED(Incorporated in the Republic of South Africa)Registration number: 2021/303811/06JSE Share Code: TGALSE Share Code: TGAISIN: ZAE000296554Tax number: 9111917259(‘Company’ or ‘Thungela Resources’)DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND THE COMPANYReinvestment of dividends accruing to ordinary shares previously awarded under the conditional long term incentiveplanIn compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited (“the ListingsRequirements”), we hereby provide the following information regarding the reinvestment of dividends accruingto ordinary shares previously awarded under the conditional long term incentive plan. The award ismade to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources Limited in termsof clause 16.2.1 of the Company’s Share Plan. The Company has, on 25 May 2022, acquired 143,011 shares on market inorder to fulfil the reinvestment of the dividends.These Thungela ordinary shares were acquired with prior clearance, at a volume-weighted average price (“VWAP”) ofR251.25 per ordinary share. The total transaction value amounted to R35,032,300. Name Designation Number of Value of Nature of interest dividend- Award** equivalent shares* R July Ndlovu Chief Executive 20,565 R5,166,956 Direct beneficial Officer Gideon Frederick Chief Financial 9,060 R2,276,325 Direct beneficial (Deon) Smith Officer Johannes Petrus Chief Operating 7,191 R1,806,739 Direct beneficial Daniel van Officer Schalkwyk Leslie Martin Executive Head of 6,606 R1,659,758 Direct beneficial Technical Bernard Michael Executive Head of 6,126 R1,539,158 Direct beneficial Dalton Marketing Lesego Elias Executive Head of 4,894 R1,229,618 Direct beneficial Mataboge HR Nompumelelo Executive Head of 4,847 R1,217,809 Direct beneficial Sithole Corporate Affairs Carina Venter Executive Head of 4,707 R1,182,634 Direct beneficial SHE* The vesting of the dividend-equivalent shares is conditional on pre- determined performance conditions andcontinued employment by Thungela and where applicable, the reasons for the cessation of such employment.The requisite clearances and approvals for these transactions have been obtained in compliance with theSecurities Dealing Policies and Procedures of Thungela and paragraph 3.66 of the Listings Requirements.27 May 2022RosebankUK 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 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 Ordinary shares of no par value instrument, type of instrument Identification code ISIN: ZAE000296554 b) Nature of the transaction Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan c) Price(s) and volume(s) Price(s) Volume(s) R251,25 20,565 d) Aggregated information - Aggregated volume 20,565 - Price R5,166,956 e) Date of the transaction 25 May 2022 f) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R251,25 9,060d) Aggregated information - Aggregated volume 9,060 - Price R2,276,325e) Date of the transaction 25 May 2022f) 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) R251,25 7,191d) Aggregated information - Aggregated volume 7,191 - Price R1,806,739e) Date of the transaction 25 May 2022f) 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) R251,25 6,606d) Aggregated information - Aggregated volume 6,606 - Price R1,659,758e) Date of the transaction 25 May 2022f) 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) R251,25 6,126d) Aggregated information - Aggregated volume 6,126 - Price R1,539,158e) Date of the transaction 25 May 2022f) 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R251,25 4,894d) Aggregated information - Aggregated volume 4,894 - Price R1,229,618e) Date of the transaction 25 May 2022f) 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) R251,25 4,847d) Aggregated information - Aggregated volume 4,847 - Price R1,217,809e) Date of the transaction 25 May 2022f) 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) R251,25 4,707d) Aggregated information - Aggregated volume 4,707 - Price R1,182,634e) Date of the transaction 25 May 2022f) Place of the transaction Off marketDate: 27-05-2022 09:00:00Produced 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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