Thungela Resources Limited (GB:TGA) has released an update.
Gideon Frederick Smith, a director at Thungela Resources Limited, engaged in an off-market collar hedge transaction involving 250,000 of the company’s ordinary shares. The deal, valued at approximately R32.98 million, was structured with a put strike price of R131.93, a call strike price of R175.45, and is set to expire on April 28, 2026. This financial move by a key insider has been officially disclosed in compliance with securities regulations.
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