Completion of Share Buyback
Thungela completed share buyback of 3.3m shares for R328m; holds 10.2m treasury shares total.
- Shares repurchased 3,254,559
- Total consideration R328 million
- Treasury shares held at 30 April 2025 10,175,308
- Ordinary shares in issue with voting rights 132,267,618
Select text to share a quote on X · sign in to keep highlights & notes in your TGA notes
JSE Share Code: TGA
LSE Share Code: TGA
Tax number: 9111917259
('Thungela' or the 'Company' and, together with its affiliates, the 'Group')
COMPLETION OF SHARE BUYBACK AND CONFIRMATION OF TREASURY SHARES HELD
Completion of share buyback
Shareholders are hereby advised that Thungela has completed the share buyback as announced with the release of our annual results on 17 March 2025. Thungela has purchased a total of 3,254,559 shares in relation to the buyback, for a total consideration of R328 million. The shares are held by a subsidiary of the Group and will not be cancelled.
Confirmation of treasury shares held
At 30 April 2025, the Group holds a total of 10,175,308 shares in treasury. This includes 8,224,967 shares held directly by subsidiaries and 1,950,341 shares held in separate broker accounts for employees. The shares held in employee broker accounts relate to share awards in terms of the Thungela share plan which have not yet vested. These shares are considered treasury shares for Thungela until the awards have vested, in line with the rules of the Thungela share plan.
The 8,224,967 treasury shares held directly by subsidiaries do not carry voting rights.
The total number of ordinary shares in issue which carry voting rights amounts to
132,267,618.
Johannesburg, South Africa
UK Financial adviser and corporate broker
Panmure Liberum Limited
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.