On Thursday, Thungela Resources Limited, a company incorporated in South Africa, disclosed transactions of on-market share sales by three of its prescribed officers. The transactions took place on 20 November 2024, involving the sale of ordinary shares on the Johannesburg Stock Exchange (JSE).
Carina Venter, a prescribed officer of Thungela Resources, sold 37,694 ordinary shares at a price of R134.95 each, totaling R5,086,805.30. The sale represented a direct and beneficial nature of interest, and clearance for the transaction was obtained.
In a similar transaction, Johan Van Schalkwyk, another prescribed officer, disposed of 55,716 ordinary shares. The shares were sold at a volume-weighted average price of R133.90, with the highest sale price per share at R134.79 and the lowest at R133.52. The total value of Van Schalkwyk's sale amounted to R7,460,517.99.
The third prescribed officer, Lesego Mataboge, also engaged in an on-market sale, parting with 39,107 ordinary shares. These shares were sold at a volume-weighted average price of R134.13, with individual sale prices ranging from R133.80 to R135.00. Mataboge's transaction totaled R5,245,421.04.
All transactions were reported in compliance with the Listings Requirements of the JSE Limited, specifically paragraphs 3.63 to 3.74. The officers had direct, beneficial interests in the shares and had received the necessary clearances to conduct the sales.
Thungela Resources has provided this information through RNS, the news service of the London Stock Exchange (LON:LSEG), and is regulated by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). The disclosure serves as a notification of transactions by persons discharging managerial responsibilities and those closely associated with them, as per Article 19(1) of Regulation (EU) No. 596/2014.
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