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Thungela Resources Limited ( (GB:TGA) ) has issued an announcement.
Thungela Resources has disclosed that its 2021 Share Plan acquired 750,894 ordinary shares on the open market between 31 March and 7 April 2026, at a total value of about R127.1 million. The shares, bought at volume-weighted average prices around R168–R170 per share, are intended to settle forfeitable share-based awards granted under the plan, and the company confirmed all necessary JSE clearances for the transactions were obtained.
The acquisitions, conducted as direct beneficial interests, reflect Thungela’s ongoing use of equity-based incentives to remunerate and retain key personnel, while limiting dilution by purchasing shares in the market rather than issuing new stock. This approach may be viewed positively by shareholders as it aligns employee incentives with investor interests without expanding the share base, and underscores compliance with JSE Listings Requirements.
More about Thungela Resources Limited
Thungela Resources Limited is a South African company listed on both the JSE and LSE, operating in the resources sector and trading under the ticker TGA. The group’s primary focus is on resource extraction and related activities, serving domestic and international markets through its ordinary share capital listed in Johannesburg and London.
Average Trading Volume: 409,309
Technical Sentiment Signal: Buy
Current Market Cap: £1.09B
For a thorough assessment of TGA stock, go to TipRanks’ Stock Analysis page.