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JOHANNESBURG - Thungela Resources Limited (JSE:TGA)(LSE:TGA) confirmed on Friday that it holds 13,819,791 shares in treasury as of October 31, according to a regulatory filing.
The coal mining company's treasury holdings include 11,768,214 shares held directly by subsidiaries and an additional 2,051,577 shares maintained in separate broker accounts for employees. The latter portion relates to unvested share awards under the Thungela share plan and sign-on awards for new employees that remain subject to forfeiture conditions.
The company noted that the 11,768,214 treasury shares held directly by subsidiaries do not carry voting rights. With these shares excluded, the total number of ordinary shares in issue with voting rights amounts to 128,724,371.
Thungela provided this information to help shareholders calculate whether they need to notify authorities about changes in their interest in the company, in accordance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.
The announcement was made through a regulatory filing based on a company press release statement.
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