Thungela Resources executives granted forfeitable shares under 2021 plan
Thungela Resources (JSE:TGA) disclosed that several executive directors and prescribed officers received grants of forfeitable shares on March 17, 2025, which were transacted off-market on April 2, 2025. Chief Executive Officer July Ndlovu received 33,060 ordinary shares, valued at ZAR3,767,517.60. Chief Financial Officer Gideon Frederick Smith was granted 17,790 shares, with a deemed value of ZAR2,027,348.40. Chief Operations Officer Johannes Petrus Daniel van Schalkwyk received 13,872 shares, valued at ZAR1,580,853.12. Other executives receiving grants included Leslie Martin (12,048 shares), Lesego Elias Mataboge and Nompumelelo Sithole (8,857 shares each), Carina Venter (8,857 shares), and Bernard Michael Dalton (10,515 shares). The award price per share was ZAR113.96, representing the volume-weighted average price on the JSE for the three days ending March 19, 2025. One-third of the shares will vest annually over three years, contingent on continued employment. The company confirmed that clearance to deal had been obtained in compliance with JSE Listings Requirements.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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