Investor Relations Contact
Ryan AfricaHead Office: 25 Bath Avenue, Rosebank
Email: ryan.africa@thungela.com
Tel: +27 (0) 11 638 0237
SENS & Regulatory Announcements
Stock exchange news service (SENS) and other regulatory announcements.
Disclosure of significant holding of Thungela ordinary shares
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
('Company' or 'Thungela Resources')
DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA ORDINARY SHARES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the
Companies Act"), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are advised that the Public Investment
Corporation SOC Limited (PIC) has notified the Company that accounts under its management
have increased its holding in the Company such that the PIC now holds 15.214% of the issued
ordinary shares in the Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required
notice with the Takeover Regulation Panel.
The board of directors of Thungela accepts responsibility for the information contained in this an-
nouncement as it relates to the Company and confirms that, to the best of its knowledge and belief,
such information relating to Thungela is true and that this announcement does not omit anything
likely to affect the importance of such information.
Johannesburg
3 November 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are at- THUNGELA RESOURCES LTD
tached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation iv
Name PUBLIC INVESTMENT CORPORATION SOC LIMITED
City and country of registered office (if applicable) PRETORIA, SOUTH AFRICA
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
30/10/2023
reached (vi):
6. Date on which issuer notified (DD/MM/YYYY): 02/11/2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights at- % of voting rights Total number of
tached to shares (to- through financial instru- Total of both in % voting rights held
tal of 8. A) ments (8.A + 8.B) in issuer (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation
on the date on which
threshold was
crossed or reached 15.214% 15.214% 21 373 902
Position of previous
notification (if 14.081% 14.081%
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
21 373 902 15.214%
SUBTOTAL 8. A 21 373 902 15.214%
B1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting rights
Type of financial in- Expiration Exercise/ that may be acquired if
strument date (x) Conversion Period (xi) the instrument is % of voting rights
exercised/converted.
SUBTOTAL 8.B 1 NIL NIL
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Exercise/ Physical or
Type of financial Expiration Conversion Pe- cash Number of
instrument date (x) riod (xi) Settlement (xii) voting rights % of voting rights
SUBTOTAL NIL NIL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity X
(please add additional rows as necessary) (xiv)
% of voting rights
% of voting rights if it through financial in- Total of both if it
equals or is higher struments if it equals equals or is higher
than the notifiable or is higher than the than the notifiable
Name (xv) threshold notifiable threshold threshold
PUBLIC INVESTMENT
CORPORATION SOC 15.214% 15.214%
LIMITED
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional information (xvi)
Place of completion PRETORIA, SOUTH AFRICA
Date of completion 02 November 2023
Date: 03-11-2023 09:00:00
Produced 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.
Disclosure of change in significant holding of Thungela ordinary shares
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
("Company" or "Thungela Resources")
DISCLOSURE OF CHANGE IN SIGNIFICANT HOLDING OF THUNGELA ORDINARY SHARES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the
Companies Act"), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are advised that JPMorgan Chase & Co.
has notified the Company that accounts under its management have decreased its holding in the
Company such that JPMorgan Chase & Co. now holds 4.48% of the issued ordinary shares in the
Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required
notice with the Takeover Regulation Panel.
The board of directors of Thungela accepts responsibility for the information contained in this an-
nouncement as it relates to the Company and confirms that, to the best of its knowledge and belief,
such information relating to Thungela is true and that this announcement does not omit anything
likely to affect the importance of such information.
Johannesburg
25 October 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i
1a. Identity of the issuer or the underlying issuer Thungela Resources Ltd
of existing shares to which voting rights are at-
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name JPMorgan Chase & Co
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or 18/10/2023
reached vi:
6. Date on which issuer notified (DD/MM/YYYY): 24/10/2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights at- % of voting rights Total of both in % Total number of
tached to shares (to- through financial instru- (8.A + 8.B) voting rights held
tal of 8. A) ments in issuer (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation 4.48% 4.48% 6,291,232
on the date on which
threshold was
crossed or reached
Position of previous 5.31% 5.31%
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
6,291,232 4.48%
SUBTOTAL 8. A 6,291,232 4.48%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial in- Expiration Exercise/ Number of voting rights % of voting rights
strument date x Conversion Period xi that may be acquired if
the instrument is
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number of % of voting rights
instrument date x Conversion Pe- cash voting rights
riod xi Settlement xii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity X
(please add additional rows as necessary) xiv
% of voting rights
% of voting rights if it through financial in- Total of both if it
equals or is higher struments if it equals equals or is higher
than the notifiable or is higher than the than the notifiable
Name xv threshold notifiable threshold threshold
JPMorgan Chase & Co
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
Place of completion London, UK
Date of completion 25 October 2023
Date: 25-10-2023 01:00:00
Produced 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.
TR-1: Standard form for notification of major holdings
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
(‘Company’ or ‘Thungela Resources’)
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)
1a. Identity of the issuer or the underlying issuer THUNGELA RESOURCES LTD
of existing shares to which voting rights are at-
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name PUBLIC INVESTMENT CORPORATION SOC LIMITED
City and country of registered office (if applicable) PRETORIA, SOUTH AFRICA
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or 06/10/2023
reached vi:
6. Date on which issuer notified (DD/MM/YYYY): 10/10/2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights at- % of voting rights Total of both in % Total number of
tached to shares (to- through financial instru- (8.A + 8.B) voting rights held
tal of 8. A) ments in issuer (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation 14.081% 14.081% 19 783 117
on the date on which
threshold was
crossed or reached
Position of previous 13.998% 13.998%
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
19 783 117 14.081%
SUBTOTAL 8. A 19 783 117 14.081%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial in- Expiration Exercise/ Number of voting rights % of voting rights
strument date x Conversion Period xi that may be acquired if
the instrument is
exercised/converted.
SUBTOTAL 8. B 1 NIL NIL
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number of % of voting rights
instrument date x Conversion Pe- cash voting rights
riod xi Settlement xii
SUBTOTAL NIL NIL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary) xiv
Name xv % of voting rights if it % of voting rights Total of both if it
equals or is higher through financial in- equals or is higher
than the notifiable struments if it equals than the notifiable
threshold or is higher than the threshold
notifiable threshold
PUBLIC INVESTMENT 14.081% 14.081%
CORPORATION SOC
LIMITED
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional information xvi
Place of completion PRETORIA, SOUTH AFRICA
Date of completion 10 October 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
Johannesburg
11 October 2023
Date: 11-10-2023 11:00:00
Produced 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.
Dealings in securities by directors and prescribed officers
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
(‘Company’ or ‘Thungela Resources’)
DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS – ALLOCATION OF DIVIDEND EQUIVALENT 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 the reinvestment of dividends
accruing to ordinary shares (“Dividend Equivalent Shares”) awarded on 29 September 2023 to the
undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1
of the 2021 Thungela Share Plan. The Dividend Equivalent Shares will be subject to the same vesting and
other conditions applicable to the conditional shares as disclosed in the SENS announcements dated 1
December 2021, 29 March 2022 and 9 May 2023.
Name Designation Award Number of Value of award** Nature of interest
Dividend R
Equivalent
Shares*
J Ndlovu Chief Executive Officer LTIP 2021 21,734 3,256 840 Direct, Beneficial
LTIP 2022 6,090 912,587
LTIP 2023 3,307 495,554
GF Smith Chief Financial Officer LTIP 2021 9,111 1,365,283 Direct, Beneficial
LTIP 2022 3,147 471,578
LTIP 2023 1,709 256,094
JPD van Schalkwyk Chief Operating Officer LTIP 2021 7,277 1,090,458 Direct, Beneficial
LTIP 2022 2,453 367,582
LTIP 2023 1,332 199,600
L Martin Executive Head of LTIP 2021 6,805 1,019,729 Direct, Beneficial
Technical
LTIP 2022 2,130 319,181
LTIP 2023 1,157 173,376
BM Dalton Executive Head of LTIP 2021 6,475 970,279 Direct, Beneficial
Marketing
LTIP 2022 1,814 271,828
LTIP 2023 985 147,602
LE Mataboge Executive Head of HR LTIP 2021 5,106 765,134 Direct, Beneficial
LTIP 2022 1,513 226,723
LTIP 2023 822 123,177
N Sithole Executive Head of Corporate LTIP 2021 5,043 755,694 Direct, Beneficial
Affairs
LTIP 2022 1,513 226,723
LTIP 2023 822 123,177
C Venter Executive Head of SHE LTIP 2021 4,855 727,522 Direct, Beneficial
LTIP 2022 1,513 226,723
LTIP 2023 822 123,177
* The vesting of the Dividend Equivalent Shares is conditional on pre-determined performance conditions and continued employment
by Thungela up until the end of the employment period for the 2021 LTIP – 16 November 2024; the 2022 LTIP – 7 March 2025; and
the 2023 LTIP - 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 26 August 2023, which equates to R149.85 per share.
Clearances and approvals for these transactions, which are all of an off-market nature, have been obtained in compliance with the
Securities Dealing Policies and Procedures of Thungela.
5 October 2023
Rosebank
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
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 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 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)
R149,85 21,734
R149,85 6,090
R149,85 3,307
d) Aggregated information
- Aggregated volume 31,131
- Price R4,664,980
e) Date of the transaction 29 September 2023
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 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 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)
R149,85 9,111
R149,85 3,147
R149,85 1,709
d) Aggregated information
- Aggregated volume 13,967
- Price R2,092,955
e) Date of the transaction 29 September 2023
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 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 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)
R149,85 7,277
R149,85 2,453
R149,85 1,332
d) Aggregated information
- Aggregated volume 11,062
- Price R1,657,641
e) Date of the transaction 29 September 2023
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 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 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)
R149,85 6,805
R149,85 2,130
R149,85 1,157
d) Aggregated information
- Aggregated volume 10,092
- Price R1,512,286
e) Date of the transaction 29 September 2023
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 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 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)
R149,85 6,475
R149,85 1,814
R149,85 985
d) Aggregated information
- Aggregated volume 9,274
- Price R1,389,709
e) Date of the transaction 29 September 2023
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 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 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)
R149,85 5,106
R149,85 1,513
R149,85 822
d) Aggregated information
- Aggregated volume 7,441
- Price R1,115,034
e) Date of the transaction 29 September 2023
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 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 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 awarded under conditional long term
incentive plan
c) Price(s) and volume(s)
Price(s) Volume(s)
R149,85 5,043
R149,85 1,513
R149,85 822
d) Aggregated information
- Aggregated volume 7,378
- Price R1,105,593
e) Date of the transaction 29 September 2023
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 (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)
R149,85 4,855
R149,85 1,513
R149,85 822
d) Aggregated information
- Aggregated volume 7,190
- Price R1,077,422
e) Date of the transaction 29 September 2023
f) Place of the transaction Off market
Date: 05-10-2023 09:00:00
Produced 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.
Disclosure of significant holding of Thungela ordinary shares
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
(‘Company’ or ‘Thungela Resources’)
DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA ORDINARY SHARES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the
Companies Act"), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are advised that JPMorgan Chase & Co.
has notified the Company that accounts under its management have increased its holding in the
Company such that JPMorgan Chase & Co. now holds 5.31% of the issued ordinary shares in the
Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required
notice with the Takeover Regulation Panel.
The board of directors of Thungela accepts responsibility for the information contained in this an-
nouncement as it relates to the Company and confirms that, to the best of its knowledge and belief,
such information relating to Thungela is true and that this announcement does not omit anything
likely to affect the importance of such information.
Johannesburg
2 October 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i
1a. Identity of the issuer or the underlying issuer Thungela Resources Ltd
of existing shares to which voting rights are at-
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name JPMorgan Chase & Co
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or 26/09/2023
reached vi:
6. Date on which issuer notified (DD/MM/YYYY): 29/09/2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights at- % of voting rights Total of both in % Total number of
tached to shares (to- through financial instru- (8.A + 8.B) voting rights held
tal of 8. A) ments in issuer (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation 5.31% 5.31% 7,459,511
on the date on which
threshold was
crossed or reached
Position of previous 4.60% 4.60%
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
7,459,511 5.31%
SUBTOTAL 8. A 7,459,511 5.31%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial in- Expiration Exercise/ Number of voting rights % of voting rights
strument date x Conversion Period xi that may be acquired if
the instrument is
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number of % of voting rights
instrument date x Conversion Pe- cash voting rights
riod xi Settlement xii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the X
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary) xiv
Name xv % of voting rights if it % of voting rights Total of both if it
equals or is higher through financial in- equals or is higher
than the notifiable struments if it equals than the notifiable
threshold or is higher than the threshold
notifiable threshold
JPMorgan Chase & Co 5.31% 5.31%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
Place of completion London, UK
Date of completion 29 September 2023
Date: 02-10-2023 12:00:00
Produced 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.
Incorrect disclosure of significant holding of Thungela Resources ordinary shares
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
(‘Company’ or ‘Thungela Resources’)
INCORRECT DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA RESOURCES
ORDINARY SHARES
Shareholders were advised on 7 September 2023 that JPMorgan Chase & Co. had notified the
Company that accounts under its management had increased its holding in the Company to 5.21%
of the issued ordinary shares in the Company.
Shareholders are now advised that the Company has been notified by JPMorgan Chase & Co
that, due to a late cancellation of trade, the notification as announced was incorrect and that ac-
counts under its management remain at 4.60% of the issued ordinary shares in the Company.
The Company has requested that the Takeover Regulation Panel in South Africa disregard the
notice erroneously lodged on 7 September 2023.
The board of directors of Thungela accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and
belief, such information relating to Thungela Resources is true and that this announcement does
not omit anything likely to affect the importance of such information.
Johannesburg
19 September 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
Date: 19-09-2023 09:00:00
Produced 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.
Disclosure of significant holding of Thungela Resources ordinary shares
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
(‘Company’ or ‘Thungela Resources’)
DISCLOSURE OF SIGNIFICANT HOLDING OF THUNGELA RESOURCES ORDINARY
SHARES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the
Companies Act"), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are advised that JPMorgan Chase & Co.
has notified the Company that accounts under its management have increased its holding in the
Company such that JPMorgan Chase & Co. now holds 5.21% of the issued ordinary shares in the
Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required
notice with the Takeover Regulation Panel.
The board of directors of Thungela accepts responsibility for the information contained in this
announcement as it relates to the Company and confirms that, to the best of its knowledge and
belief, such information relating to Thungela Resources is true and that this announcement does
not omit anything likely to affect the importance of such information.
Johannesburg
7 September 2023
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Liberum Capital Limited
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i
1a. Identity of the issuer or the underlying issuer Thungela Resources Ltd
of existing shares to which voting rights are at-
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name JPMorgan Chase & Co
City and country of registered office (if applicable) London, UK
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or 04/09/2023
reached vi:
6. Date on which issuer notified (DD/MM/YYYY): 06/09/2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights at- % of voting rights Total of both in % Total number of
tached to shares (to- through financial instru- (8.A + 8.B) voting rights held
tal of 8. A) ments in issuer (8.A +
(total of 8.B 1 + 8.B 2) 8.B) vii
Resulting situation 5.21% 5.21% 7,317,371
on the date on which
threshold was
crossed or reached
Position of previous 2.46% 2.46%
notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
7,317,371 5.21%
SUBTOTAL 8. A 7,317,371 5.21%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial in- Expiration Exercise/ Number of voting rights % of voting rights
strument date x Conversion Period xi that may be acquired if
the instrument is
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number of % of voting rights
instrument date x Conversion Pe- cash voting rights
riod xi Settlement xii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the X
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary) xiv
Name xv % of voting rights if it % of voting rights Total of both if it
equals or is higher through financial in- equals or is higher
than the notifiable struments if it equals than the notifiable
threshold or is higher than the threshold
notifiable threshold
JPMorgan Chase & Co 5.21% 5.21%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
Place of completion London, UK
Date of completion 06 September 2023
Date: 07-09-2023 12:00:00
Produced 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.
Thungela announces completion of transaction to acquire controlling shareholding in the Ensham coal mine
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')
THUNGELA ANNOUNCES COMPLETION OF TRANSACTION TO ACQUIRE
CONTROLLING SHAREHOLDING IN THE ENSHAM COAL MINE
Earlier this year Thungela announced that it will acquire a majority shareholding interest
in Sungela Holdings, which in turn will acquire an 85% interest in the Ensham Business.
Thungela is pleased to announce that all conditions precedent relating to the acquisition
have now been fulfilled and that the Transaction has become unconditional. The
effective date of completion will be 31 August 2023, and Thungela will assume
operational control of the Ensham Business from 1 September 2023.
The acquisition of the Ensham Business is a significant step in Thungela’s strategy to
pursue geographic diversification. The transaction will also allow the Group to leverage
its core capabilities in a commodity and mining method which it understands well, while
providing access to new markets and to the Newcastle export coal price.
Based on Ensham’s performance up to completion, the mine is expected to produce
approximately 2.7Mt of export saleable production (on a 100% basis, at an average
quality of 5,850 kcal/kg) in 2023, at an FOB cost of between USD110 and USD120 per
tonne.
The terms of the Transaction remain unchanged, save for the fact that the Co-investors
are required to apply not less than 90% (previously 70%) of all distributions received from
Sungela Holdings to service the Co-investors Mezzanine Loans and that the term of the
Loans is revised to 18 months (previously 4 years).
The Transaction was structured to enable Sungela to benefit from the economics of the
Ensham Business (subject to certain limits) during the period between 1 January 2023
and the date of completion. The determination of the economic benefit will be finalised
over a period of up to three months following completion. The Transaction is also subject
to customary working capital adjustments upon completion.
Thungela CEO, July Ndlovu, commented on the Transaction: “We are delighted to
welcome our colleagues from Ensham into the Thungela family as they continue to build
on a proud history of safe production in the Bowen Basin region of Queensland. We look
forward to learning from them and also to sharing our knowledge.
“Thungela is proud to have concluded a landmark transaction with Idemitsu, a responsible
and reputable owner with well-established processes and systems. The transaction
delivers on our purpose to responsibly create value together for a shared future, and we
will continue to support existing regional communities while also delivering superior
returns for the Group’s shareholders.”
Capitalised terms used in this announcement shall bear the same meanings as those
defined in the SENS and RNS announcements dated 3 February 2023.
Rosebank
29 August 2023
Disclaimer
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the market abuse regulation (EU) no.
596/2014 as amended by the market abuse (amendment) (UK mar) regulations 2019.
Upon the publication of this announcement via the regulatory information service, this
inside information is now considered to be in the public domain.
Investor Relations
Ryan Africa
Email: ryan.africa@thungela.com
Media Contacts
Tarryn Genis
Email: tarryn.genis@thungela.com
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Date: 29-08-2023 08:00:00
Produced 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.
Dealing in securities by a prescribed officer
Thungela Resources Limited
Incorporated in the Republic of South Africa
Registration number: 2021/303811/06
ISIN: ZAE000296554
JSE share code: TGA
LSE share code: TGA
("Thungela Resources" or "Company")
DEALING IN SECURITIES BY A PRESCRIBED OFFICER
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information relating to the dealing in securities by a prescribed officer of Thungela Resources is disclosed:
Prescribed Officer : Lesego Mataboge
Company : Thungela Resources
Date of transaction : 22 August 2023
Class of securities : Thungela Resources ordinary shares
Nature of transaction : On-market sale of ordinary shares
Number of securities : 1336
Volume weighted average sale price per share : R143.18
Highest sale price per share : R143.21
Lowest sale price per share : R143.15
Total value of transaction : R191 298.78
Nature of interest : Direct, beneficial
Clearance obtained : Yes
UK Financial adviser and corporate broker
Liberum Capital Limited
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Rosebank
22 August 2023
Notification and public disclosure of transactions by persons discharging managerial
responsibility and persons closely associated with them.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name Lesego Mataboge
2 Reason for notification
a. Position/Status PDMR
b. Initial notification/Amendment Initial
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 ISIN: ZAE000296554
Identification Code SEDOL: BMV3M27
b. Nature of the Sale of Shares
transaction
c. Price(s) and Volume 220 Price R143.15
volume(s) Volume 829 Price R143.19
Volume 287 Price R143.21
d. Aggregated Price: ZAR143.18
information
- Aggregated Volume Volume: 1336
- Price ZAR191 298.78
e. Date of the 22 August 2023
transaction
f. Place of the XJSE
transaction
Date: 22-08-2023 05:00:00
Produced 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.
Ordinary cash dividend declaration
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')
ORDINARY CASH DIVIDEND DECLARATION
The Thungela board of directors approved the declaration of an interim gross ordinary
cash dividend of 1,000.00 cents per share (South African rand). The dividend has been
declared from retained earnings accrued during the six-month period ended 30 June
2023. The Company’s issued share capital at the declaration date is 140,492,585
ordinary shares.
The salient dates pertaining to the cash dividend are as follows:
JSE LSE
Declaration of ordinary cash dividend Monday, Monday,
and currency conversion rate 21 August 2023 21 August 2023
announced
Last day for trading to qualify and Tuesday, Wednesday,
participate in the dividend 19 September 2023 20 September 2023
Trading ex-dividend commences Wednesday, Thursday,
20 September 2023 21 September 2023
Record date Friday, Friday,
22 September 2023 22 September 2023
Payment date to shareholders Tuesday, Monday,
26 September 2023 9 October 2023
No transfers of shareholdings to and from South Africa or the United Kingdom will be
permitted between Tuesday, 19 September 2023 and Friday, 22 September 2023 (both
dates inclusive). Share certificates may not be dematerialised or rematerialised between
Wednesday, 20 September 2023 and Friday, 22 September 2023 (both dates inclusive).
Any changes to the dividend instructions and timetable will be announced on SENS
and RNS.
The salient dates have been set as above in order to allow non-South African resident
shareholders sufficient time to apply for a reduced rate of dividend withholding tax in the
event that they may qualify for this.
The dividend is payable in South African rand to shareholders recorded as such on the
register on the record date and whose shares are held through Central Securities
Participants and brokers traded on the JSE.
Shareholders on the United Kingdom register of members will be paid in Pound sterling.
The Pound sterling cash equivalent will be calculated using the following exchange rate:
GBP1:ZAR24.26300, being the five-day (business days) average GBP:ZAR exchange
rate (Bloomberg) up to Thursday, 17 August 2023.
Shareholders are encouraged to ensure that their bank mandates or international
payment instructions have been recorded by their service provider or registrars before
the last day to trade for this dividend. Electronic payments ensure more efficient and
timely payment. It should be noted that cheques are no longer permitted to be issued or
processed by South African banks; however, in the UK registrars will still issue and post
cheques in the absence of specific mandates or payment instructions.
TAX TREATMENT FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
The dividend will have no tax consequences for Thungela but will be subject to 20%
withholding tax for shareholders who are not exempt from dividends tax, or who do not
qualify for a reduced rate of withholding tax in terms of any applicable agreement for the
avoidance of double taxation (DTA) concluded between South Africa and the country of
residence of the shareholder.
Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount
due to shareholders is 800.00 cents per share (South African rand) – 1,000.00 cents
gross dividend per share less 200.00 cents dividend withholding tax per share.
TAX TREATMENT FOR SHAREHOLDERS ON THE UK REGISTER
Thungela has retained Computershare UK as intermediary to receive and process the
relevant prescribed declarations and forms as set out below. Any reference below to
documentation which is required to be submitted to Thungela, should therefore be
submitted to Computershare UK.
Non-South African tax resident shareholders will be paid the dividend subject to 20%
withholding tax for shareholders. Certain non-South African tax resident shareholders
may, however, be entitled to a reduced rate of dividends tax due to the provisions of an
applicable tax treaty.
Shareholders who qualify for an exemption from dividends tax in terms of section 64F of
the South African Income Tax Act 58 of 1962 must provide:
- A declaration that the dividend is exempt from dividends tax.
- A written undertaking to inform the regulated intermediary should the circumstances
affecting the exemption change or the beneficial owner cease to be the beneficial
owner, both in the form prescribed by the Commissioner for the South African
Revenue Service to the regulated intermediary prior to the required date in order to
benefit from the exemption. The prescribed form has been transposed onto the
Computershare UK format.
Shareholders on the UK register will be sent the required documentation for completion
and return to Computershare UK. Qualifying shareholders on the UK register are
advised to arrange for the above mentioned documents to be submitted to
Computershare UK by Friday, 15 September 2023.
Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount
due to shareholders is 32.98 pence per share (Pound sterling) – 41.22 pence gross
dividend per share less 8.24 pence dividend withholding tax per share.
By order of the board.
Date of SENS release: 21 August 2023
DISCLAIMER
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the market abuse regulation (EU) no.
596/2014 as amended by the market abuse (amendment) (UK mar) regulations 2019.
Upon the publication of this announcement via the regulatory information service, this
inside information is now considered to be in the public domain.
Transfer Secretaries (UK)
Computershare Investor Services
Email: WebCorres@computershare.co.uk
Transfer Secretaries (South Africa)
Computershare Investor Services Proprietary Limited
Email: Web.Queries@computershare.co.za
Investor Relations
Ryan Africa
Email: ryan.africa@thungela.com
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Date: 21-08-2023 08:01:00
Produced 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.
Head Office: 25 Bath Avenue, Rosebank
Email: ryan.africa@thungela.com
Tel: +27 (0) 11 638 0237
