Dealings in securities by executive directors and prescribed officers for allocation of dividend equivalent sharesThungela Resources Limited(Incorporated in the Republic of South Africa)Registration number: 2021/303811/06JSE share code: TGALSE share code: TGAISIN: ZAE000296554Tax number: 9111917259("Thungela" or the "Company" and, together with its affiliates, the 'Group')DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS FORALLOCATION OF DIVIDEND EQUIVALENT SHARESIn compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the Johannesburg Stock Exchange(JSE) Limited, shareholders are advised of the following allocations relating to the reinvestment of dividends("Dividend Equivalent Shares") on previously allocated conditional share awards to executive directors andprescribed officers in terms of clause 16.2.1 of the Company's Share Plan. The Dividend Equivalent Sharesare subject to the same vesting and performance conditions applicable to the conditional shares, as disclosedin the announcement released on the JSE Stock Exchange News Service and LSE Regulatory News Serviceson 1 December 2021, 29 March 2022, 9 May 2023 and 3 June 2024. Name Designation Award Number of Value of award Nature of interest Dividend (R) * Equivalent Shares J Ndlovu Chief Executive Officer Long term incentive 6,995 751,053 Direct beneficial plan (LTIP) 2021 LTIP 2022 1,960 210,445 LTIP 2023 1,065 114,349 LTIP 2024 1,325 142,265 GF Smith Chief Financial Officer LTIP 2021 2,932 314,809 Direct beneficial LTIP 2022 1,012 108,658 LTIP 2023 550 59,054 LTIP 2024 684 73,441 JPD van Schalkwyk Chief Operating Officer LTIP 2021 2,342 251,461 Direct beneficial LTIP 2022 789 84,715 LTIP 2023 429 46,062 LTIP 2024 534 57,336 L Martin Executive Head of LTIP 2021 2,190 235,140 Direct beneficial Technical LTIP 2022 686 73,656 LTIP 2023 373 40,049 LTIP 2024 463 49,712 LTIP 2021 2,084 223,759 LTIP 2022 584 62,704 Executive Head of BM Dalton Direct beneficial Marketing LTIP 2023 317 34,036 LTIP 2024 404 43,377 LTIP 2021 1,644 176,516 LTIP 2022 487 52,289 Executive Head of LE Mataboge Direct beneficial Human Resources LTIP 2023 265 28,453 LTIP 2024 341 36,613 LTIP 2021 1,623 174,262 LTIP 2022 487 52,289 Executive Head of N Sithole Direct beneficial Corporate Affairs LTIP 2023 265 28,453 LTIP 2024 341 36,613 LTIP 2021 1,563 167,819 Executive Head of LTIP 2022 487 52,289 C Venter Safety, Health & Direct beneficial Environment LTIP 2023 265 28,453 LTIP 2024 341 36,613* Award price per share represents the dividend-adjusted volume weighted average price of a ThungelaResources share for the 20 days ended 20 September 2024. The highest and lowest prices traded forThungela Resources shares over each day were as follows: Date Highest price per share (R) Lowest price per share (R) 26 August 2024 122,00 118,40 27 August 2024 122,54 118,22 28 August 2024 120,13 117,02 29 August 2024 119,00 116,60 30 August 2024 119,24 116,01 2 September 2024 116,20 113,50 3 September 2024 114,58 111,50 4 September 2024 111,98 108,60 5 September 2024 111,87 107,90 6 September 2024 111,59 108,50 9 September 2024 111,34 107,52 10 September 2024 109,59 106,00 11 September 2024 108,98 102,01 12 September 2024 107,50 103,10 13 September 2024 108,55 103,40 14 September 2024 109,33 106,25 15 September 2024 109,22 107,00 16 September 2024 107,50 104,19 17 September 2024 108,08 102,10 18 September 2024 105,66 103,00Clearances and approvals for these transactions, which are all of an off market nature, was obtained.Johannesburg4 October 2024UK Financial adviser and corporate brokerPanmure Liberum Capital LimitedSponsorRand Merchant Bank (A division of FirstRand Bank Limited)In compliance with the UK Listings Requirements, we hereby provide the following information regardingthe allocation of dividend-equivalent shares on previously granted conditional long term incentive awards.1 Details of the person discharging managerial responsibilities / person closely associateda) Name July Ndlovu2 Reason for the notificationa) Position/status PDMR – Chief Executive 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 6,995 R107.37 1,960 R107.37 1,065 R107.37 1,325d) Aggregated information - Aggregated volume 11,345 - Price R1,218,113e) Date of the transaction 4 October 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 Smith3 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) R107.37 2,932 R107.37 1,012 R107.37 550 R107.37 684d) Aggregated information - Aggregated volume 5,178 - Price R555,962e) Date of the transaction 4 October 2024f) 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 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive plan Price(s) and volume(s) Price(s) Volume(s)c) R107.37 2,342 R107.37 789 R107.37 429 R107.37 534d) Aggregated information - Aggregated volume 4,094 - Price R439,573e) Date of the transaction 4 October 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 2,190 R107.37 686 R107.37 373 R107.37 463d) Aggregated information - Aggregated volume 3,712 - Price R398,557e) Date of the transaction 4 October 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 1,644 R107.37 487 R107.37 265 R107.37 341d) Aggregated information - Aggregated volume 2,737 - Price R293,872e) Date of the transaction 4 October 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 1,623 R107.37 487 R107.37 265 R107.37 341d) Aggregated information - Aggregated volume 2,716 - Price R291,617e) Date of the transaction 4 October 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 1,563 R107.37 487 R107.37 265 R107.37 341d) Aggregated information - Aggregated volume 2,656 - Price R285,175e) Date of the transaction 4 October 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 Reinvestment of dividends accruing to ordinary shares previously awarded under conditional long term incentive planc) Price(s) and volume(s) Price(s) Volume(s) R107.37 2,084 R107.37 584 R107.37 317 R107.37 404d) Aggregated information - Aggregated volume 3,389 - Price R363,877e) Date of the transaction 4 October 2024f) Place of the transaction Off marketDate: 04-10-2024 04:00:00Produced 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.
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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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ESG
OverviewOur ESG approach supports our purpose “to responsibly create value together for a shared future”.
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OUR PEOPLE
OverviewWe are dedicated to attracting the finest talent, investing in growth, and developing our teams.
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INVESTORS
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SUPPLIERS
OverviewWe expect our suppliers to comply with all applicable laws and to uphold our commitment to enhancing lives, strengthening communities and protecting the environment.
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NEWS
