Thungela Resources Limited (GB:TGA) has released an update.
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Thungela Resources Limited has announced the successful completion of its share repurchase program, buying back 3.3 million shares at an average price of R133.21, which constitutes 2.35% of its issued share capital. As of the end of May 2024, Thungela holds over 7.4 million treasury shares, some of which are earmarked for employee share awards. Looking ahead, the company’s board will consider further repurchases in line with their capital allocation strategy.
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