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JOHANNESBURG - Thungela Resources Limited (JSE:TGA)(LSE:TGA) sold 81,897 ordinary shares on the open market on November 11 and 12, according to a company statement released Friday.
The shares were forfeited by participants under the company's 2021 Share Plan and Remuneration Policy and subsequently sold on the Johannesburg Stock Exchange.
On November 11, the coal mining company sold 40,813 ordinary shares at a volume weighted average price of R80.54 per share, with prices ranging between R79.74 and R82.99. The transaction totaled R3,287,079.02.
The following day, Thungela sold an additional 41,084 shares at a volume weighted average price of R79.91, with the highest sale price at R81.10 and the lowest at R78.10. This second transaction amounted to R3,283,022.44.
Both transactions were classified as direct beneficial interests, according to the company's regulatory filing.
Thungela confirmed that clearance to deal in the securities was obtained in accordance with the JSE Listings Requirements.
The company, which primarily operates coal mines in South Africa, is dual-listed on the Johannesburg Stock Exchange and London Stock Exchange.
The information was disclosed in compliance with paragraph 3.96 of the JSE Listings Requirements regarding dealings in securities.
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