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Thungela Resources Limited ( (GB:TGA) ) has issued an announcement.
Thungela Resources Limited disclosed that prescribed officer and person discharging managerial responsibilities, Johan van Schalkwyk, executed an on-market sale of ordinary shares. The transaction highlights ongoing insider dealings reporting at the company and provides transparency to investors about management shareholdings.
Van Schalkwyk sold 32,092 Thungela ordinary shares on 30 March 2026 at a price of R177 per share, for a total value of about R5.68 million. The sale, conducted on the Johannesburg Stock Exchange with prior clearance obtained, reflects routine compliance with market abuse regulations and JSE listing requirements.
The notification reiterates Thungela’s adherence to regulatory disclosure standards in both South Africa and the U.K. By promptly reporting trades by senior management, the company seeks to maintain market confidence and align with best practices for governance and investor protection.
More about Thungela Resources Limited
Thungela Resources Limited is a South African company listed on the Johannesburg and London stock exchanges. It operates in the resources sector and its securities trade as ordinary shares under the code TGA, attracting investors on both the JSE and LSE.
The company is supported in the UK by Panmure Liberum as financial adviser and corporate broker, and in South Africa by Rand Merchant Bank as sponsor. Its listed structure and international presence position it within the broader global resources and capital markets ecosystem.
Average Trading Volume: 388,409
Technical Sentiment Signal: Buy
Current Market Cap: £1.08B
Find detailed analytics on TGA stock on TipRanks’ Stock Analysis page.