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" or "Company")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information relating to dealing in securities by a Director of Thungela Resources is disclosed:
| Director |
: |
Gideon Frederick Smith |
| Company |
: |
Thungela Resources |
| Date of transaction |
: |
1 October 2025 |
| Class of securities |
: |
Ordinary shares |
| Nature of transaction |
: |
On-market sale of ordinary shares |
| Number of securities |
: |
51,124 |
| Volume weighted average sale price per share |
|
R86,91 |
| Highest sale price per share |
|
R 88,01 |
| Lowest sale price per share |
|
R 86,15 |
| Total value of transaction |
: |
R4 443 187 |
| Nature of interest |
: |
Direct, beneficial |
| Clearance obtained |
: |
Yes |
| Director |
: |
Gideon Frederick Smith |
| Company |
: |
Thungela Resources |
| Date of transaction |
: |
2 October 2025 |
| Class of securities |
: |
Ordinary shares |
| Nature of transaction |
: |
On-market sale of ordinary shares |
| Number of securities |
: |
23,876 |
| Volume weighted average sale price per share |
|
R86,30 |
| Highest sale price per share |
|
R87,33 |
| Lowest sale price per share |
|
R86,00 |
| Total value of transaction |
: |
R2 060 499 |
| Nature of interest |
: |
Direct, beneficial |
| Clearance obtained |
: |
Yes |
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
UK Financial adviser and corporate broker
Panmure Liberum Limited
Johannesburg
3 October 2025
Notification of Dealing Forms
| 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 |
On market sale of shares that have vested in respect of the 2021 Conditional Share Award to settle tax obligations arising from the vesting. |
|||
| c)
|
Price(s) and volume(s) |
|
|
|
|
| |
|
Price(s) |
Volume(s) |
|
|
| |
|
R86,91 |
51,124 |
|
|
| |
|
R86,30 |
23,876 |
|
|
| |
|
|
|
|
|
| d)
|
Aggregated information |
|
|||
| - Aggregated volume |
75,000 |
||||
| - Price |
R6,503,686.00 |
||||
| e) |
Date of the transaction |
1 - 2 October 2025 |
|||
| f) |
Place of the transaction |
On market |
|||
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