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JOHANNESBURG - Thungela Resources Limited, a company incorporated in South Africa and traded on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LON:LSEG) (LSE), has disclosed its treasury shares holdings as of February 28, 2025. The Group holds a total of 6,910,807 shares in treasury, which comprises shares held directly by subsidiaries and those earmarked for employee share awards.
According to the notification, which complies with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rule 5.6, out of the total treasury shares, 5,700,098 are held directly by subsidiaries of Thungela, while the remaining 1,210,709 shares are held in separate broker accounts for employees. These employee-related shares are connected to the Thungela share plan and will be considered treasury shares until the share awards have vested.
The shares held directly by Thungela’s subsidiaries are not entitled to voting rights. As such, the total number of ordinary shares that carry voting rights is 134,792,487. This figure serves as the denominator for shareholders and others with notification obligations to determine whether they need to notify their interest in the company or any changes to it.
The announcement made today does not include any promotional content or marketing language and is based on a press release statement. It is intended to provide shareholders and potential investors with the latest verifiable information regarding the company’s treasury shares, which can be an important factor in investment decisions.
Thungela’s financial advisers and corporate brokers are Panmure Liberum Limited in the UK, and Rand Merchant Bank, a division of FirstRand Bank Limited, in South Africa. They provide additional services to the company but were not mentioned as sources of the treasury shares data.
This factual report aims to inform stakeholders about Thungela’s current treasury shares status without offering any analysis or recommendations.
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