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JOHANNESBURG - Thungela Resources Limited, a South African mining company, has reported the on-market acquisition of its ordinary shares, which are to be used for the future settlement of rights issued as conditional shares under the company’s 2021 Share Plan. The transactions took place on the Johannesburg Stock Exchange, with a total of 299,267 shares purchased on May 30, 2025, and an additional 51,356 shares on June 2, 2025.
The company disclosed that the volume weighted average purchase price per share was R91.70 for the first transaction, with the highest and lowest purchase prices being R94.00 and R90.76, respectively. The total value of this transaction amounted to R27,442,783.90. For the second transaction, the volume weighted average price was slightly higher at R91.71, with the highest purchase price at R93.29 and the lowest at R90.44, totaling R4,709,858.76.
These shares will be held in a Treasury account until they vest according to the rules of the 2021 Thungela Share Plan. The company has confirmed that all necessary clearances to deal in these securities, as required by the JSE Listings Requirements, were duly obtained.
Thungela Resources Limited is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LON:LSEG) (LSE), with share codes TGA for both exchanges and an ISIN of ZAE000296554. The company’s actions are in compliance with the JSE Listings Requirements, as it continues its operations within the mining sector.
This strategic acquisition by Thungela is part of its broader share plan mechanism aimed at fulfilling future obligations to its shareholders. The company’s financial advisers and corporate brokers are Panmure Liberum Limited in the UK, with Rand Merchant Bank, a division of FirstRand Bank Limited, acting as the sponsor.
Investors and stakeholders are informed that the details provided are based on a press release statement and are intended to offer transparency regarding the company’s financial maneuvers.
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