JOHANNESBURG - Thungela Resources Limited, the South African mining company, confirmed its treasury shares holding as per the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6. As of November 30, 2024, the Group has a total of 7,954,716 treasury shares.
The treasury shares consist of 6,717,087 shares held directly by Thungela's subsidiaries and an additional 1,237,629 shares held in broker accounts earmarked for employee share awards under the Thungela share plan. These shares are awaiting vesting and are classified as treasury shares in the interim.
It was noted that the shares held directly by subsidiaries do not have voting rights. Thungela has reported that the total number of ordinary shares in issue with voting rights stands at 133,775,498. This figure is crucial for shareholders and others with notification obligations, as it serves as the denominator for calculations to determine the need to notify their interest in the company, or any changes to that interest.
The information provided by Thungela is based on a press release statement and is intended for use by shareholders and market observers to keep abreast of significant company developments. The disclosure is part of the company's compliance with market regulations and transparency in its operations.
Thungela's financial adviser and corporate broker, Panmure Liberum Capital Limited, and its sponsor, Rand Merchant Bank, a division of FirstRand Bank Limited, are available for further enquiries. The company's adherence to disclosure guidelines ensures that its shareholders and the investing public are well-informed about the details of its treasury shares, which is an essential aspect of corporate governance and financial transparency.
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