Public investment Corporation's stake in Thungela Resources dips slightly

The Public Investment Corporation SOC Limited (PIC) reported on March 26, 2025, that its total holdings in Thungela Resources Limited fell below a previous level. The PIC's total voting rights attached to shares stand at 11.987%, representing 16,841,548 shares. This is a decrease from the previously notified position of 12.628%. The date on which the threshold was crossed was March 25, 2025. The notification was made in Pretoria, South Africa. The PIC is not controlled by any individual or entity and does not control any other undertaking holding an interest in Thungela Resources. Rand Merchant Bank and Panmure Liberum Limited are advisors.