Thungela Discloses R3.5 Million Share Sale by Non-Executive Director

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

Thungela Resources has disclosed that non-executive director Seamus French executed on-market sales of company ordinary shares on 27 and 31 March 2026, in line with JSE and EU market abuse regulations. French sold a total of 20,816 shares on the JSE at prices between R163.74 and R168.98 per share, for an aggregate value of about R3.47 million, with the transactions cleared and reported as a direct beneficial interest, signalling routine board-level portfolio activity rather than a stated shift in corporate strategy.

The company emphasised that the trades were conducted with prior clearance and formally notified as required for persons discharging managerial responsibilities. For investors, the disclosure provides transparency on insider dealings but does not in itself indicate any change to Thungela’s operational outlook or governance structure, as French remains in his role as a non-executive director and no further strategic context was given around the share disposals.

More about Thungela Resources Limited

Thungela Resources Limited is a South African coal mining company listed on both the Johannesburg Stock Exchange and the London Stock Exchange. The group focuses on the production and export of thermal coal, positioning itself as a key supplier into international energy markets, particularly for power generation in coal-dependent economies.

Average Trading Volume: 394,875

Technical Sentiment Signal: Buy

Current Market Cap: £1.08B

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