Thungela Resources completes 3.1% share repurchase program

Thungela Resources (JSE: TGA) announced today that it has completed a repurchase of its ordinary shares, acquiring 4,320,127 shares, representing 3.1% of the company's issued share capital at the time of the General Authority. The repurchases, executed on the JSE order book between November 7, 2024, and April 24, 2025, totaled ZAR475,595,813. The highest price paid per share was ZAR140.00, and the lowest was ZAR91.04. The company still has the authority to repurchase an additional 9,729,131 shares. These repurchased shares will be held in treasury. Thungela’s Board affirms the company's financial stability and ability to meet its obligations following the repurchase.