JP Morgan Chase & Co reduces stake in Thungela

JP Morgan Chase & Co. has notified Thungela Resources Limited (JSE: TGA) that its holdings in the company have decreased. According to an announcement released on June 13, 2025, accounts under JP Morgan Chase & Co’s management now hold 4.04% of Thungela's issued ordinary shares. This change triggers disclosure requirements under the Companies Act and JSE Limited Listings Requirements. Thungela has filed the necessary notice with the Takeover Regulation Panel. Rand Merchant Bank is acting as the sponsor, with Panmure Liberum Limited serving as UK Financial adviser and corporate broker.