Thungela Reports R7.95 Million Share Sale Under 2021 Plan

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

Thungela Resources Limited has disclosed an on-market sale of 51,009 ordinary shares executed on 26 March 2026 under its 2021 Share Plan, following the accelerated vesting of awards for qualifying departing employees classified as no fault or good leavers. The shares were sold at a volume-weighted average price of R155.90, within a range of R153.54 to R161.99, for a total transaction value of about R7.95 million, with the company confirming that necessary JSE regulatory clearances were obtained for the deal.

The sale, conducted as a direct beneficial interest, demonstrates Thungela’s adherence to its share plan rules and public market disclosure obligations under the JSE Listings Requirements. By transparently reporting these transactions and securing the required approvals, the company reinforces its governance standards and provides clarity to investors regarding equity-based remuneration and the handling of share awards for departing staff.

More about Thungela Resources Limited

Thungela Resources Limited is a South African company listed on the Johannesburg and London stock exchanges, operating in the resources sector. The company issues ordinary shares and maintains compliance with the JSE Listings Requirements, reflecting its focus on regulated capital market participation and shareholder governance.

Average Trading Volume: 371,686

Technical Sentiment Signal: Buy

Current Market Cap: £978.8M

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