Dealings in securities by executive directors and prescribed officers for acceptance of conditional share awardsThungela Resources LimitedIncorporated in the Republic of South Africa(Registration number: 2021/303811/06)JSE share code: TGALSE share code: TGAISIN: ZAE000296554("Thungela" or "the Company")DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FOR ACCEPTANCE OF CONDITIONAL SHARE AWARDSIn compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE Limited, we hereby providethe following information related to the award and acceptance of conditional shares pertaining to the 2023financial year concluded in May 2024. The award is made and accepted by the undermentioned ExecutiveDirectors and Prescribed Officers of Thungela in terms of the Company's Share Plan and RemunerationPolicy: 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 Off market Date of acceptance 31 May 2024 Vesting date 24 May 2027 Name Designation Number of Value of Award* (R) Conditional Shares J Ndlovu Chief Executive Officer 71,110 8,577,999 GF Smith Chief Financial Officer 36,736 4,431,464 JPD van Schalkwyk Chief Operating Officer 28,645 3,455,446 L Martin Executive Head of Technical 24,879 3,001,154 BM Dalton Executive Head of Marketing 21,713 2,619,239 LE Mataboge Executive Head of Human Resources 18,289 2,206,202 N Sithole Executive Head of Corporate Affairs 18,289 2,206,202 C Venter Executive Head of Safety, Health & 18,289 2,206,202 EnvironmentThe vesting of the conditional shares is conditional on pre-determined performance conditions and continuedemployment by Thungela up until the noted vesting date and where applicable, the reasons for the cessationof such employment.* The value of the award is based on a dividend-adjusted volume weighted average price of R120.63 for aThungela share for the 20 days ended 19 April 2024. The highest and lowest prices traded for Thungela sharesover each day were as follows: Date Highest price per share Lowest price per share 18 March 2024 116,49 106,22 19 March 2024 121,00 113,95 20 March 2024 127,31 120,29 22 March 2024 125,05 119,25 25 March 2024 121,83 119,00 26 March 2024 124,91 118,00 27 March 2024 124,32 119,31 28 March 2024 124,89 120,47 2 April 2024 128,38 121,05 3 April 2024 130,86 126,50 4 April 2024 134,00 130,00 5 April 2024 133,34 127,04 8 April 2024 132,86 129,02 9 April 2024 136,53 130,55 10 April 2024 143,61 134,00 11 April 2024 145,00 137,17 12 April 2024 149,61 144,53 15 April 2024 149,67 145,69 16 April 2024 148,94 141,82 17 April 2024 139,00 134,40Clearances and approvals for these transactions, which are all of an off-market nature, were obtained.Johannesburg3 June 2024UK Financial adviser and corporate brokerLiberum Capital LimitedSponsorRand Merchant Bank (A division of FirstRand Bank Limited)In compliance with the UK Listings Requirements, we hereby provide the following information regardingthe award and acceptance of conditional share awards.1 Details of the person discharging managerial responsibilities / person closely associateda) Name July Ndlovu2 Reason for the notificationa) Position/status PDMR – Chief Executive Officer b) Initial notification Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 71,110d) Aggregated information - Aggregated volume 71,110 - Price R8,577,999e) Date of the transaction 31 May 2024f) 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) Name Gideon Frederick Smith 3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 36,736d) Aggregated information - Aggregated volume 36,736 - Price R4,431,464e) Date of the transaction 31 May 2024f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associated a) Name Johannes Petrus Daniel van Schalkwyk2 Reason for the notificationa) Position/status PDMR – Chief Operations Officerb) Initial notification Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 28,645d) Aggregated information - Aggregated volume 28,645 - Price R3,455,446e) Date of the transaction 31 May 2024f) 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 Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 24,879d) Aggregated information - Aggregated volume 24,879 - Price R3,001,154 e) Date of the transaction 31 May 2024f) 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 Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 18,289d) Aggregated information - Aggregated volume 18,289 - Price R2,206,202e) Date of the transaction 31 May 2024f) 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 Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 18,289 d) Aggregated information - Aggregated volume 18,289 - Price R2,206,202e) Date of the transaction 31 May 2024f) 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 Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 18,289d) Aggregated information - Aggregated volume 18,289 - Price R2,206,202e) Date of the transaction 31 May 2024f) Place of the transaction Off market1 Details of the person discharging managerial responsibilities / person closely associateda) Name Bernard Dalton2 Reason for the notificationa) Position/status PDMR – Executive Head of Marketingb) Initial notification Initial notification /Amendment3 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 Off market award and acceptance of conditional share awardsc) Price(s) and volume(s) Price(s) Volume(s) R120.63 21,713d) Aggregated information - Aggregated volume 21,713 - Price R2,619,239e) Date of the transaction 31 May 2024f) Place of the transaction Off marketDate: 03-06-2024 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, low-cost thermal coal with operations in South Africa and Australia.
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