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JOHANNESBURG - Thungela Resources Limited, the South African mining company, has reported the on-market acquisition of ordinary shares on the Johannesburg Stock Exchange (JSE). These shares are intended for the future settlement of rights issued as conditional shares under the company’s 2021 Share Plan.
The transactions took place over four consecutive days, starting on Thursday, May 26, 2025, and ending on Sunday, May 29, 2025. Thungela purchased a total of 640,554 ordinary shares. The volume weighted average purchase prices ranged from R90.89 to R94.10, with the total transaction value amounting to approximately R59.54 million.
The highest price paid per share was R94.72, and the lowest was R89.13. The shares acquired will be held in a Treasury account until they vest under the rules of the 2021 Thungela Share Plan.
The company confirmed that clearance to deal in terms of the JSE Listings Requirements was obtained. These transactions reflect Thungela’s ongoing commitment to its share plan and the direct beneficial interest it has in the securities.
This information is based on a press release statement and further details are provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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