Confirmation of Treasury Shares Held
Thungela holds 13.7m treasury shares at 30 November 2025, including 11.7m held by subsidiaries.
- Treasury shares held 13,718,845
- Shares held by subsidiaries 11,700,761
- Shares in employee broker accounts 2,018,084
- Ordinary shares in issue with voting rights 128,791,824
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JSE Share Code: TGA
LSE Share Code: TGA
Tax number: 9111917259
('Thungela' or the 'Company' and, together with its affiliates, the 'Group')
CONFIRMATION OF TREASURY SHARES HELD
At 30 November 2025, the Group holds a total of 13,718,845 shares in treasury. This includes 11,700,761 shares held directly by subsidiaries and 2,018,084 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 and/or sign-on awards granted to new employees subject to forfeiture conditions. These shares are considered, for accounting purposes, to be treasury shares for Thungela until the awards have vested or the forfeiture conditions have been satisfied.
The 11,700,761 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
128,791,824.
Rosebank
UK Financial adviser and corporate broker
Panmure Liberum Limited
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
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