Thungela Resources details substantial treasury shareholdings

Thungela Resources Limited, incorporated in South Africa, reported a total of 13,359,350 shares held in treasury as of September 30, 2025. This figure comprises 11,301,890 shares held directly by subsidiaries and an additional 2,057,460 shares held in separate broker accounts for employees.

The shares in employee broker accounts are linked to share awards under the Thungela share plan and sign-on awards, remaining classified as treasury shares until vesting or satisfaction of forfeiture conditions.

The 11,301,890 treasury shares held directly by subsidiaries do not carry voting rights. The total number of ordinary shares in issue that do carry voting rights amounts to 129,190,695. This information is released in accordance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6 and is critical for shareholders to determine their notification obligations regarding their interest in the company.

The announcement, dated October 2, 2025, also identifies Panmure Liberum Limited as the UK financial adviser and corporate broker, and Rand Merchant Bank (a division of FirstRand Bank Limited) as the sponsor. Contact details for both are provided: Panmure Liberum Limited at +44 20 3100 2000 and Rand Merchant Bank at +27 11 282 8000.