Dividend Equivalent Shares
Updated : 15:45
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
Further to the announcement released on the Stock Exchange News Service of the JSE on 29 March 2022 relating to the award and acceptance of conditional shares by Executive Directors and Prescribed Officers, we hereby provide the following information regarding the reinvestment of dividends accruing to ordinary shares ("Dividend-Equivalent Shares") awarded to the undermentioned Executive Directors and Prescribed Officers of Thungela Resources in terms of clause 16.2.1 of the Company's Conditional Long Term Incentive Plan ("Conditional LTIP"). The Dividend Equivalent Shares will be subject to the same vesting and other conditions applicable to the conditional shares as disclosed in the SENS announcement dated 29 March 2022, including the employment conditions and performance conditions.
Name | Designation | Number of Dividend-Equivalent Shares* | Value of Award**
| Nature of interest |
July Ndlovu | Chief Executive Officer | 55,182 | R16,747,185 | Direct beneficial |
Gideon Frederick (Deon) Smith | Chief Financial Officer | 24,310 | R7,377,842 | Direct beneficial |
Johannes Petrus Daniel van Schalkwyk | Chief Operating Officer | 19,295 | R5,855,840 | Direct beneficial |
Leslie Martin | Executive Head of Technical | 17,725 | R5,379,360 | Direct beneficial |
Bernard Michael Dalton | Executive Head of Marketing | 16,438 | R4,988,769 | Direct beneficial |
Lesego Elias Mataboge | Executive Head of HR | 13,130 | R3,984,824 | Direct beneficial |
Nompumelelo Sithole | Executive Head of Corporate Affairs | 13,005 | R3,946,887 | Direct beneficial |
Carina Venter | Executive Head of SHE | 12,628 | R3,832,472 | Direct beneficial |
* The vesting of the dividend-equivalent 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 dividend-adjusted volume-weighted average price equating of 20 days prior to 7 October 2022 which equates to R303,49 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.
10 October 2022
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 /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 | 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) | ||||
R303,49 | 55,182 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 55,182 | ||||
- Price | R16,747,185 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 24,310 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 24,310 | ||||
- Price | R7,377,842 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 19,295 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 19,295 | ||||
- Price | R5,855,840 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 17,725 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 17,725 | ||||
- Price | R5,378,360 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 16,438 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 16,438 | ||||
- Price | R4,988,769 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 13,130 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 13,130 | ||||
- Price | R3,984,824 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | Reinvestment of dividends accruing to ordinary shares awarded under conditional long term incentive plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
R303,49 | 13,005 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 13,005 | ||||
- Price | R3,946,887 | ||||
e) | Date of the transaction | 7 October 2022 | |||
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 | 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) | ||||
R303,49 | 12,628 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 12,628 | ||||
- Price | R3,832,472 | ||||
e) | Date of the transaction | 7 October 2022 | |||
f) | Place of the transaction | Off market | |||
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