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Thungela Resources Limited Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 0984U
Thungela Resources Limited
01 December 2021
Thungela Resources Limited
Incorporated in the Republic of South Africa
Registration number: 2021/303811/06
ISIN: ZAE000296554
LEI: 213800EGYK3BN3SRIF27
Share code: TGA
("Thungela Resources" or "the Company")
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS
Award and acceptance of conditional shares
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 a delayed award and acceptance of conditional shares pertaining to the 2020 calendar year which would have, absent the demerger, been concluded in March 2021. The award is made and accepted by the undermentioned Executive Directors and Prescribed Officers of Thungela Resources 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 Policy |
| Class of securities | Ordinary shares |
| Nature and extent of interest | Direct, beneficial |
| Transactions completed on or off market | N/A |
| Date of acceptance | 30 November 2021 |
| Vesting period/date | 16 November 2024 |
| Name | Designation | Number of conditional shares* |
Value of Award** R |
| July Ndlovu | Chief Executive Officer | 201,962 | R7,339,299 |
| Gideon Frederick (Deon) Smith | Chief Financial Officer | 84,668 | R3,076,835 |
| Johannes Petrus Daniel van Schalkwyk | Chief Operating Officer | 67,613 | R2,457,056 |
| Leslie Martin | Executive Head of Technical | 63,247 | R2,298,396 |
| Bernard Michael Dalton | Executive Head of Marketing | 60,162 | R2,186,287 |
| Lesego Elias Mataboge | Executive Head of HR | 47,458 | R1,724,624 |
| Nompumelelo 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 performance conditions and continued employment by Thungela and where applicable, the reasons for the cessation of such employment.
** The calculation of the value of these awards is based on a share price of R36,34/share.
The requisite clearances and approvals for these transactions have been obtained in compliance with the Securities Dealing Policies and Procedures of Thungela and paragraph 3.66 of the Listings Requirements.
Rosebank
1 December 2021
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 | 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 instrument, type of instrument | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 201,962 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 201,962 | ||||
| - Price | R7,339,299 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Gideon Frederick Smith | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Chief Financial 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 instrument, type of instrument | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 84,668 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 84,668 | ||||
| - Price | R3,076,835 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Johannes Petrus Daniel van Schalkwyk | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Chief Operating 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 instrument, type of instrument | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 67,613 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 67,613 | ||||
| - Price | R2,457,056 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Leslie Martin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Executive Head of Technical | |||
| 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 | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 63,247 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 63,247 | ||||
| - Price | R2,298,396 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Bernard Michael Dalton | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Executive Head of Marketing | |||
| 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 | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 60,162 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 60,162 | ||||
| - Price | R2,186,287 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Lesego Elias Mataboge | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Executive Head of Human Resources | |||
| 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 | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 47,458 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 47,458 | ||||
| - Price | R1,724,624 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Nompumelelo Sithole | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Executive Head of Corporate Affairs | |||
| 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 | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 46,872 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 46,872 | ||||
| - Price | R1,703,328 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Carina Venter | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Executive Head of Safety, Health & Environment | |||
| 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 | Ordinary shares of no par value | |||
| Identification code | ISIN: ZAE000296554 | ||||
| b) | Nature of the transaction | Off market acceptance of conditional long term incentive awards | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| R36.34 | 45,109 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 45,109 | ||||
| - Price | R1,639,261 | ||||
| e) | Date of the transaction | 30 November 2021 | |||
| f) | Place of the transaction | Off market |
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