Thungela Resources Limited Dealings in Securities (1093C)
08 Juin 2023 - 11:00AM
UK Regulatory
TIDMTGA
RNS Number : 1093C
Thungela Resources Limited
08 June 2023
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 ON BEHALF OF EXECUTIVE DIRECTORS TO
SETTLE TAX OBLIGATIONS ARISING FROM THE VESTING OF AWARDS
Shareholders are advised of the following dealings on behalf of
Thungela executive directors pursuant to the vesting, on 4 June
2023, of the final 50% of the milestone awards granted and accepted
in 2021:
Chief Executive Officer: J Ndlovu
Date of transaction: 6 June 2023
Nature of transaction: On market disposal of shares that have
vested in respect of the 2021 milestone
award to settle tax obligations arising
from the vesting
Class of securities: Ordinary shares
Number of securities: 202,424
Sale price per share: R130.50
Transaction value: R26,416,332
Nature of interest: Direct beneficial
Chief Financial Officer: GF Smith
Date of transaction: 6 June 2023
Nature of transaction: On market disposal of shares that have
vested in respect of the 2021 milestone
award to settle tax obligations arising
from the vesting
Class of securities: Ordinary shares
Number of securities: 101,212
Sale price per share: R130.50
Transaction value: R13,208,166
Nature of interest: Direct beneficial
This is the final vesting of the milestone awards that were
granted in 2021.
*Sale price per share is based on a 2-day VWAP ended 6 June 2023
of a Thungela Resources share. The highest and lowest prices traded
for Thungela Resources shares over each day were as follows:
Date Highest price per share Lowest price per share
5 June 2023 135.00 128.18
6 June 2023 133.78 129.23
Clearance to deal in terms of the JSE Listings Requirements was
obtained.
Rosebank
8 June 2023
UK Financial adviser and corporate broker
Liberum Capital Limited
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 Initial notification
/Amendment
--------------------------------------- -------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- -------------------------------------------------
b) Nature of the transaction On market disposal of shares that
have vested in respect of the 2021
milestone award to settle tax obligations
arising from the vesting
--------------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
R130.50 202,424
------------------------------------------------------------------- ----------------------
d) Aggregated information
- Aggregated volume 202,424
- Price R26,416,332
--------------------------------------- ------------------------------------------------------
e) Date of the transaction 6 June 2023
--------------------------------------- -------------------------------------------------
f) Place of the transaction On 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 Initial notification
/Amendment
--------------------------------------- -------------------------------------------------
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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ISIN: ZAE000296554
--------------------------------------- -------------------------------------------------
b) Nature of the transaction On market disposal of shares that
have vested in respect of the 2021
milestone award to settle tax obligations
arising from the vesting
--------------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
R130.50 101,212
------------------------------------------------------------------- ----------------------
d) Aggregated information
- Aggregated volume 101,212
- Price R13,208,166
--------------------------------------- ------------------------------------------------------
e) Date of the transaction 6 June 2023
--------------------------------------- -------------------------------------------------
f) Place of the transaction On market
--------------------------------------- -------------------------------------------------
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DSHNKFBQFBKKBAK
(END) Dow Jones Newswires
June 08, 2023 05:00 ET (09:00 GMT)
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