Wrap Text
Interim ordinary cash dividend declaration
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
(‘Thungela’ or the ‘Company’ and, together with its affiliates, the 'Group')
INTERIM ORDINARY CASH DIVIDEND DECLARATION
The Thungela board of directors approved the declaration of an interim gross ordinary
cash dividend of 550.00 cents per share (South African rand). The dividend has been
declared from retained earnings. The Company’s issued share capital at the declaration
date is 140,492,585 ordinary shares.
The salient dates pertaining to the cash dividend are as follows:
JSE LSE
Declaration of ordinary cash Monday, 17 August 2026 Monday, 17 August 2026
dividend and currency conversion
rate announced
Last day for trading to qualify and Tuesday, 15 September 2026 Wednesday, 16 September 2026
participate in the dividend
Trading ex-dividend commences Wednesday, 16 September 2026 Thursday, 17 September 2026
Record date to participate in the Friday, 18 September 2026 Friday, 18 September 2026
dividend
Payment date to shareholders Monday, 21 September 2026 Monday, 5 October 2026
No transfers of shareholdings to and from the South African or the UK register will be
permitted between Tuesday, 15 September 2026 and Friday, 18 September 2026 (both
dates inclusive). Share certificates may not be dematerialised or rematerialised between
Wednesday, 16 September 2026 and Friday, 18 September 2026 (both dates inclusive).
The salient dates have been set as above in order to allow non-South African resident
shareholders sufficient time to apply for a reduced rate of dividend withholding tax in the
event that they may qualify for this.
The dividend is payable in South African rand to shareholders recorded as such on the
register on the record date and whose shares are held through Central Securities
Participants and brokers traded on the JSE.
Shareholders on the UK register of members will be paid in Pound sterling. The Pound
sterling cash equivalent will be calculated using the following exchange rate:
GBP1:ZAR21.83530, being the five-day (business days) average GBP:ZAR exchange
rate (as quoted by Bloomberg) up to Thursday, 13 August 2026.
Shareholders are encouraged to ensure that their bank mandates or international
payment instructions have been recorded by their service provider or registrars before
the last day to trade for this dividend. Electronic payments ensure more efficient and
timely payment. It should be noted that cheques are no longer permitted to be issued or
processed by South African banks; in the UK, registrars will still issue and post cheques
in the absence of specific mandates or payment instructions.
Tax treatment for shareholders on the South African register
The dividend will have no tax consequences for Thungela, but will be subject to 20%
withholding tax for shareholders who are not exempt from dividends tax, or who do not
qualify for a reduced rate of withholding tax in terms of any applicable agreement for the
avoidance of double taxation concluded between South Africa and the shareholder’s
country of residence.
Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount
due to shareholders is 440.00 cents per share (South African rand) – 550.00 cents
gross dividend per share less 110.00 cents dividend withholding tax per share.
Tax treatment for shareholders on the UK register
Thungela has retained Computershare UK as an intermediary to receive and process
the relevant prescribed declarations and forms as set out below. Any reference below to
documentation, which is required to be submitted to Thungela, should therefore be
submitted to Computershare UK.
Non-South African tax resident shareholders will be paid the dividend subject to 20%
withholding tax for shareholders. However, non-South African tax resident shareholders
may be entitled to a reduced rate of dividends tax due to the provisions of an applicable
tax treaty.
Shareholders who qualify for an exemption from dividends tax in terms of section 64F of
the South African Income Tax Act 58 of 1962 must provide the following:
• A declaration that the dividend is exempt from dividends tax.
• A written undertaking to inform the regulated intermediary should the
circumstances affecting the exemption change or if the beneficial owner ceases
to be the beneficial owner, both in the form prescribed by the Commissioner for
the South African Revenue Service (SARS) to the regulated intermediary prior to
the required date in order to benefit from the exemption. The prescribed form has
been transposed onto the Computershare UK format.
Shareholders on the UK register will be sent the required documentation for completion
and return to Computershare UK. Qualifying shareholders on the UK register are
advised to arrange for the above mentioned documents to be submitted to
Computershare UK by Friday, 18 September 2026.
Shareholders are reminded that failure to submit the required documentation by
18 September 2026 may result in the inability to benefit from reduced withholding tax
rates.
Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount
due to shareholders is 20.15 pence per share (Pound sterling) – 25.19 pence gross
dividend per share less 5.04 pence dividend withholding tax per share.
By order of the board
Date of SENS release: 17 August 2026
DISCLAIMER
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the market abuse regulation (EU) no.
596/2014 as amended by the market abuse (amendment) (UK mar) regulations 2019.
Upon the publication of this announcement via the regulatory information service, this
inside information is now considered to be in the public domain.
Transfer secretaries (UK)
Computershare Investor Services
Email: WebCorres@computershare.co.uk
Transfer secretaries (South Africa)
Computershare Investor Services Proprietary Limited
Email: Web.Queries@computershare.co.za
Investor relations
Hugo Nunes and Shreshini Singh
Email: ir@thungela.com
Media
Hulisani Rasivhaga
Email: hulisani.rasivhaga@thungela.com
UK Financial adviser and corporate broker
Panmure Liberum Limited
Tel: +44 20 3100 2000
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Tel: +27 11 282 8000
Date: 17/08/2026 06:01:00
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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,
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