Thungela Resources insider sells shares on market

Published 05/06/2025, 08:36
Thungela Resources insider sells shares on market

JOHANNESBURG - Thungela Resources Limited (JSE:TGA) (LSE:TGA) disclosed on Thursday that Melanie van Schalkwyk, spouse of prescribed officer Johan van Schalkwyk, sold a total of 996 ordinary shares of the company on June 3, 2025. The transaction took place on the market with the shares sold at a price of R91.72 each, totaling R91,353.12.

The sale was conducted in two separate transactions with 279 shares sold for R25,589.88 and 717 shares for R65,763.24. The company provided this information in compliance with the JSE Limited Listings Requirements and the Market Abuse Regulation (MAR).

Thungela Resources, a company incorporated in the Republic of South Africa, is engaged in the mining sector and is listed on both the Johannesburg Stock Exchange and the London Stock Exchange (LON:LSEG). The disclosure of this transaction is part of the regulatory requirements that ensure transparency in the dealings of securities by associates of key management personnel.

This information is based on a press release statement and is intended to inform investors of recent market activities related to Thungela Resources’ securities. The company’s financial advisers and corporate brokers include RAND MERCHANT BANK, a division of FirstRand Bank Limited, and Panmure Liberum Capital Limited in the UK.

It is important to note that the details provided are factual and are not intended to suggest any market trend or investment advice. The announcement is a routine disclosure of securities transactions by associates of company officers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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