Thungela Resources Limited ( (GB:TGA) ) has issued an announcement.
Thungela Resources Limited announced the sale of vested forfeitable shares by its executive directors and prescribed officers to settle tax obligations. This transaction, part of the company’s share plan and remuneration policy, involves the sale of ordinary shares by key executives, reflecting a routine financial strategy to manage tax liabilities. The impact on the company’s operations is minimal, but it highlights the ongoing financial management practices within the organization.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in the Republic of South Africa, primarily involved in the mining industry. It is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE) under the share code TGA.
YTD Price Performance: -19.96%
Average Trading Volume: 141,388
Technical Sentiment Signal: Buy
Current Market Cap: £636.4M
For an in-depth examination of TGA stock, go to TipRanks’ Stock Analysis page.