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JOHANNESBURG - Thungela Resources Limited (JSE:TGA)(LSE:TGA) announced Tuesday that prescribed officer Nompumelelo Sithole sold 25,000 ordinary shares in an on-market transaction.
According to a company statement, the transaction took place on June 13, 2025, at a volume weighted average price of R87.20 per share. The shares were sold at prices ranging between R87.00 and R88.00 per share, with the total value of the transaction amounting to R2,180,000.
The company confirmed that Sithole’s interest in the shares was direct and beneficial, and that proper clearance for the transaction had been obtained in accordance with regulatory requirements.
The notification was made in compliance with the Listings Requirements of the JSE Limited regarding dealings in securities by prescribed officers, as well as Article 19(1) of Regulation (EU) No. 596/2014 concerning transactions by persons discharging managerial responsibilities.
Thungela Resources, which is dual-listed on the Johannesburg Stock Exchange and London Stock Exchange (LON:LSEG), made the disclosure through a regulatory news service announcement.
The company’s sponsors for the transaction were RAND MERCHANT BANK, a division of FirstRand Bank Limited, while Panmure Liberum Limited served as UK financial adviser and corporate broker.
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