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Thungela Resources Limited ( (GB:TGA) ) has issued an update.
Thungela Resources Limited has announced the acquisition of ordinary shares on the Johannesburg Stock Exchange to settle rights issued as conditional shares under its 2021 Share Plan. These shares, purchased at a total transaction value of approximately R32 million, will be held in a Treasury account until they vest, reflecting the company’s strategic financial management and commitment to shareholder value.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in the Republic of South Africa, primarily engaged in the mining industry. It is listed on both the Johannesburg Stock Exchange and the London Stock Exchange, focusing on the production and sale of coal.
Average Trading Volume: 219,786
Technical Sentiment Signal: Sell
Current Market Cap: £531.7M
For detailed information about TGA stock, go to TipRanks’ Stock Analysis page.