Thungela Resource Ltd Announces Completion of Share Buyback, and Reveals Total Treasury Shares Held

Thungela Resources Ltd, a South African behemoth, announced the completion of a share buyback that saw it add 3,254,559 shares to its coffers. The commendable deal cost the company a hefty R328 million but has substantially increased the value of its treasury. According to the company’s statement, these shares are held by one of their subsidiaries and won’t be cancelled.

Further, the enterprise revealed that as of April 30, 2025, it holds an impressive 10,175,308 shares in treasury. This figure includes the 8,224,967 shares held directly by its subsidiaries and another 1,950,341 shares held in separate broker accounts for employees. The shares in employees’ accounts form part of Thungela’s share award scheme and will remain as treasury shares until they have vested.

With this massive buyback and the resultant increase in treasury shares, Thungela Resources is likely to continue to be at the center of investors’ attention in the coming weeks and months.