Thungela Resources reports treasury shares status

Published 03/06/2025, 14:06
Thungela Resources reports treasury shares status

JOHANNESBURG - Thungela Resources Limited, a company incorporated in South Africa and listed on both the Johannesburg Stock Exchange (JSE:TGA) and the London Stock Exchange (LON:LSEG) (LSE:TGA), announced its treasury shares status as of May 31, 2025. The Group currently holds a total of 11,869,424 shares in treasury, which includes shares held directly by subsidiaries and in broker accounts for employees.

The shares accounted for in employee broker accounts, totaling 1,942,646, are connected to share awards under the Thungela share plan that have not yet vested. Until these awards vest, the shares are classified as treasury shares. The remaining 9,926,778 treasury shares are held directly by subsidiaries and do not carry voting rights.

Thungela has disclosed that the total number of ordinary shares in issue with voting rights is 130,565,807. This figure is relevant for shareholders and others with notification obligations for determining whether they need to disclose changes in their stake in the company.

This announcement, made in compliance with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rule 5.6, serves as an update to shareholders and the market on the company’s treasury shareholdings. The information provided is based on a press release statement and may be used for legal and regulatory purposes by stakeholders.

Thungela’s financial adviser and corporate broker in the UK is Panmure Liberum Limited, and Rand Merchant Bank, a division of FirstRand Bank Limited, serves as the sponsor in South Africa.

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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