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JOHANNESBURG - Thungela Resources Limited, a South African mining company, has recently acquired ordinary shares on the Johannesburg Stock Exchange. These transactions, conducted over four days, are part of the company’s strategy to secure shares for the future settlement of rights issued as conditional shares under the 2021 Thungela Share Plan.
The first transaction took place on May 14, 2025, with the company purchasing 132,859 ordinary shares at a volume-weighted average price of R87.80 per share, amounting to a total value of R11,665,020.20. The highest and lowest purchase prices per security on this day were R88.62 and R86.06, respectively.
On May 15, 2025, Thungela acquired an additional 44,617 shares at an average price of R86.88, totaling R3,876,324.96. The shares were bought at prices ranging from R86.27 to R88.42 each.
The buying continued on May 16, 2025, with 118,041 shares purchased at an average of R85.04 per share, resulting in a transaction value of R10,038,206.64. The highest and lowest prices on this day were R86.62 and R84.26, respectively.
The final batch of shares was bought on May 19, 2025, involving 77,030 shares at an average price of R85.85 each, totaling R6,613,025.50. The prices ranged from R84.23 to R87.44 per share.
All transactions were direct beneficial interests, and Thungela obtained clearance to deal in accordance with the JSE Listings Requirements. The shares will be held in the Treasury account until they vest under the rules of the Thungela Share Plan.
This strategic move by Thungela Resources Limited is based on a press release statement and has been conducted in compliance with the JSE Listings Requirements. The company’s financial advisers and corporate brokers are Panmure Liberum Limited, with Rand Merchant Bank, a division of FirstRand Bank Limited, acting as the sponsor.
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