Thungela Declares Final Dividend and Sets Dual-Market Payment Timetable

Thungela Resources Limited ( (GB:TGA) ) has issued an update.

Thungela Resources Limited has declared a final gross ordinary cash dividend of 200 cents per share, to be paid out of retained earnings to shareholders on its South African and UK registers. The company has set coordinated dividend timetables for both markets, including last trading days, ex-dividend dates, record dates, and payment dates, while temporarily restricting share transfers between the two registers.

The dividend will be paid in South African rand for JSE shareholders and in pounds sterling for UK shareholders, using a fixed exchange rate of GBP1 to ZAR22.37912 to determine the sterling amount. Shareholders in both jurisdictions face a standard 20% South African dividends withholding tax unless they qualify for exemptions or reduced treaty rates, and Thungela has put formal processes in place, including documentation via Computershare UK, to enable eligible investors to claim relief and avoid higher-than-necessary tax deductions.

More about Thungela Resources Limited

Thungela Resources Limited is a South African-based company listed on both the Johannesburg and London Stock Exchanges. The group operates in the resources sector and has a broad shareholder base across South African and UK registers, reflecting a dual-market focus for its ordinary shares.

Average Trading Volume: 344,129

Technical Sentiment Signal: Buy

Current Market Cap: £1.08B

See more data about TGA stock on TipRanks’ Stock Analysis page.