Thungela Resources Takes Bold Move, Scoops its Own Shares in Optimistic Bet on Future Settlement of Rights

In a game-changing move, Thungela Resources Limited, a recognized player in the South African market, has strategically acquired its own shares on the open market on the Johannesburg Stock Exchange. This significant move will be used for the future settlement of rights issued as conditional shares under the 2021 Thungela Share Plan.

The purchased shares will sensibly be held in the Treasury account until the time comes that the shares have vested under the outlined rules of the 2021 Thungela Share Plan. In total, a staggering 372,547 shares have been purchased between 14 May and 19 May 2025. The company acquired the securities at various volume-weighted average purchase prices, all of which communicate a confident assertion in their market value.

Thungela’s benevolent posture gives an exhilarating vibe to stakeholders, and a clear message to the market that the company is in full throttle, making robust moves and unabashedly claiming its space in the energy sector. It’s a bold, savvy play that paints a promising picture of Thungela’s banner year in 2025.