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Thungela Resources Limited ( (GB:TGA) ) has provided an announcement.
Thungela Resources Limited has disclosed an on-market sale of 48,870 forfeited ordinary shares under its 2021 Share Plan, executed on 10 April 2026 at a volume-weighted average price of R151.33 per share. The transaction, with a total value of about R7.4 million and classified as a direct beneficial interest, was conducted in line with the rules of the share plan and received the necessary clearances under JSE Listings Requirements.
The disclosure underscores Thungela’s adherence to South African listing regulations and transparent reporting of equity-related transactions to shareholders. While the sale involves forfeited shares rather than new issuance, it provides stakeholders with clarity on movements in the company’s share capital linked to its incentive schemes and confirms regulatory oversight from its JSE sponsor and UK financial adviser.
More about Thungela Resources Limited
Thungela Resources Limited is a South African company listed on both the Johannesburg Stock Exchange and the London Stock Exchange under the ticker TGA. The company operates in the resources sector and issues ordinary shares that are actively traded on these markets, indicating participation from both local and international investors.
Average Trading Volume: 413,000
Technical Sentiment Signal: Buy
Current Market Cap: £970.9M
For detailed information about TGA stock, go to TipRanks’ Stock Analysis page.